Premier Energies Establishes Subsidiary for Aluminium Component Manufacturing

Premier Energies Limited has formed a new company named Premier-Green Aluminium Private Limited (PGAPL) as its wholly owned subsidiary.

This new company was officially registered on April 3, 2025, with the Ministry of Corporate Affairs, Government of India. PGAPL is incorporated with an authorised share capital of ₹10 lakhs and all shares will be held by Premier Energies, making it a 100% owned unit.

Business Nature and Purpose

PGAPL is set up to manufacture and process aluminium and its alloys into various products, mainly for the company’s internal use. This business falls under the manufacturing industry and will focus on producing and processing aluminium and its alloys for internal use, especially for making aluminium frames.

Ownership and Related Party Information

As PGAPL is fully owned by Premier Energies, it is considered a related party. The entire paid-up capital will be held by the parent company, ensuring full ownership and control. Since it’s a subsidiary, it is not an external acquisition and does not involve any share swap or cash consideration from external parties.

Other Key Points

• No prior turnover exists as it is a newly incorporated entity.
• The company is based in India.
• The incorporation has no impact on external shareholders as it aligns with Premier Energies’ existing business operations.

About Premier Energies Limited

Premier Energies Limited is one of India’s leading renewable energy companies, known for its work in solar power solutions.

The company is engaged in the manufacturing of solar modules and cells, offering clean and efficient energy alternatives. With a strong focus on innovation and sustainability, Premier Energies aims to support the country’s transition towards green energy.

Share Performance

As of April 04, 2025, at 10:10 AM, Premier Energies Limited’s Share Price is trading at ₹865.60 per share, reflecting a loss of 3.22% from the previous day’s closing price.

Over the past month, the stock has registered a profit of 0.94%. The stock’s 52-week high stands at ₹1,388.00 per share, while its low is ₹802.10 per share.

Conclusion

The formation of PGAPL appears to be a step toward enhancing in-house manufacturing capabilities. It may help the company streamline certain processes and support its ongoing operations more effectively.

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