Premier Energies Limited receives order worth Rs. 215 crores

Premier Energies Limited has received order from Uttar Pradesh Department of Agriculture for the supply, installation, and commissioning with 5 years comprehensive warranty of 8,085 solar water pumping systems across various districts in the state. This project, valued at Rs. 215 Crores, is scheduled for completion by March 2025.

This initiative falls under Component-B of PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) Scheme aimed at ensuring energy security for farmers in India, along with honouring India's commitment to increase the share of installed capacity of electric power from non-fossil-fuel sources to 40% by 2030 as part of Intended Nationally Determined Contributions (INDCs).

Shares of Premier Energies Limited was last trading in BSE at Rs. 842.20 as compared to the previous close of Rs. 839.65. The total number of shares traded during the day was 585184 in over 28340 trades.

The stock hit an intraday high of Rs. 872.95 and intraday low of 802.50. The net turnover during the day was Rs. 495813052.00.

Source : Equity Bulls

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