News ArticlePremier Energies Approves ₹5,947 Crore Investment in 10 GW Facility, Declares ₹0.50 Interim Dividend for FY 2026-27
Board sets record date as November 11, 2026, and reports Q2 and H1 Unaudited Financial Results ending September 30, 2026
Premier Energies Limited announced an interim dividend of ₹0.50 per equity share for FY 2026-27 and approved a ₹5,947 crore budget for a 10 GW ingot and wafer manufacturing facility project by its subsidiary. The company also reported its unaudited standalone and consolidated financial results for Q2 and H1 ended September 30, 2026.
Premier Energies Limited
Corporate Action
Premier Energies Limited declared an interim dividend of ₹0.50 per equity share for FY 2026-27 and approved a budget of ₹5,947 crore for establishing a 10 GW ingot and wafer manufacturing facility in Andhra Pradesh through its subsidiary PEGEPL, with Phase I 5 GW capacity targeted for completion by December 31, 2027. The company also released its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
The Board approved the interim dividend of ₹0.50 per equity share (50% of the ₹1 face value) payable to shareholders on record as of November 11, 2026, with payment scheduled on or before December 3, 2026.
PEGEPL, the wholly owned subsidiary, received approval for the capital budget toward the 10 GW ingot and wafer manufacturing project located at Naidupeta, Andhra Pradesh. The initial phase, involving 5 GW capacity, is expected to complete by December 31, 2027.
The unaudited financial results for the quarter and six months ended September 30, 2026, were reviewed and recommended by the Audit Committee and include a standalone revenue from operations of ₹2,526.56 million for the quarter.
Premier Energies reported a profit before tax of ₹474.51 million for the quarter ending September 30, 2026, and a profit after tax of ₹359.70 million, with earnings per share of ₹0.80 (basic and diluted).
The Board meeting was conducted on November 4, 2026, concluding within approximately 1 hour and 16 minutes.
Highlights
- Interim dividend declared at ₹0.50 per equity share for FY 2026-27.
- Record date fixed as November 11, 2026; payment by December 3, 2026.
- ₹5,947 crore budget approved for 10 GW ingot and wafer manufacturing project by PEGEPL.
- Phase I 5 GW capacity completion targeted by December 31, 2027.
- Quarterly revenue from operations of ₹2,526.56 million for Q2 FY 2026-27.
- Profit before tax of ₹474.51 million and profit after tax of ₹359.70 million for the quarter ended September 30, 2026.
Key Data Snapshot
What happened
- Premier Energies declared an interim dividend of ₹0.50 per equity share for FY 2026-27.
- The Board fixed November 11, 2026 as the record date for shareholders eligible for the interim dividend, with payment due on or before December 3, 2026.
- The company approved a ₹5,947 crore budget for setting up a 10 GW ingot and wafer manufacturing facility through its subsidiary PEGEPL at Naidupeta, Andhra Pradesh.
- Phase I of the project with 5 GW capacity is targeted to complete by December 31, 2027.
- The Board also approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
Financial performance
- For the quarter ended September 30, 2026, Premier Energies reported revenue from operations of ₹2,526.56 million.
- Profit before tax stood at ₹474.51 million, while profit after tax was ₹359.70 million for the same period.
- Basic and diluted earnings per share were ₹0.80 each for the quarter.
- Total income including other income was ₹2,715.72 million in Q2.
- The company’s financial results were reviewed and recommended by the Audit Committee along with limited review reports by statutory auditors.
Strategic context
- The ₹5,947 crore investment by subsidiary PEGEPL aims to build a 10 GW ingot and wafer manufacturing plant.
- This manufacturing facility is located in Naidupeta, Andhra Pradesh, indicating a capacity expansion in Premier Energies’ operations.
- Phase I will cover 5 GW capacity with a target completion date of December 31, 2027, indicating a phased build-out approach.
Regulatory and governance context
- The financial results comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The interim dividend and project budget approvals were passed during the board meeting on November 4, 2026.
- Deloitte Haskins & Sells issued a limited review report confirming no material misstatement in the financial statements.
Highlights
- Interim dividend declared at ₹0.50 per equity share for FY 2026-27.
- Record date fixed as November 11, 2026; payment by December 3, 2026.
- ₹5,947 crore budget approved for 10 GW ingot and wafer manufacturing project by PEGEPL.
- Phase I 5 GW capacity completion targeted by December 31, 2027.
- Quarterly revenue from operations of ₹2,526.56 million for Q2 FY 2026-27.
- Profit before tax of ₹474.51 million and profit after tax of ₹359.70 million for the quarter ended September 30, 2026.
Disclosures
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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