Premier Energies Limited, one of India's leading renewable energy companies, has announced the incorporation of a new wholly-owned subsidiary named Premier Energies GWC Private Limited. This strategic move is aimed at enhancing the company’s capabilities in the manufacturing and processing of high-quality silicon ingots and wafers, critical components in the solar photovoltaic (PV) manufacturing ecosystem.

About the New Entity: Premier Energies GWC Private Limited

The newly incorporated company, Premier Energies GWC Private Limited, was officially established on April 20, 2025. It has been formed with an authorised share capital of ₹10,00,000, divided into 1,00,000 equity shares of ₹10 each. At the time of incorporation, Premier Energies Limited is the sole shareholder, making this a 100% wholly-owned subsidiary.

As this is a newly formed entity, there is no turnover to report currently.

Strategic Relevance and Industry Focus

The new subsidiary will operate in the manufacturing sector, specifically focused on the production and processing of silicon ingots and wafers. These wafers form the base material for solar cells, which are essential for converting sunlight into electricity in solar panels.

By establishing Premier Energies GWC Private Limited, the parent company aims to integrate backward in the solar energy value chain, strengthening its control over quality and supply of critical raw materials.

Key Objectives of the Subsidiary Include:

• Manufacturing high-quality silicon ingots and wafers

• Utilising advanced technologies and processes

• Ensuring consistent supply for solar cell production

• Promoting indigenous production under “Make in India”

This is aligned with India's national mission to reduce reliance on imported solar components and boost domestic manufacturing in the renewable energy space.

Nature of Transaction and Shareholding Structure

The acquisition is considered a related party transaction, as Premier Energies Limited is the promoter and sole shareholder of the newly formed entity. Upon allotment of shares, Premier Energies will continue to hold 100% ownership, ensuring full operational and financial control.

Despite being a related party, the transaction is executed at arm’s length, as per regulatory norms, and is focused on strategic business expansion in a core operational area.

Regulatory Requirements and Timeline

No governmental or regulatory approvals were required for this acquisition, as the new subsidiary was formed through a standard incorporation process.

Since this is a direct incorporation, and not an acquisition of an existing entity, there is no specific time period for completion, and operations are expected to commence as per internal business rollout plans.

Cost of Acquisition and Capital Details

The company has been incorporated with a modest authorised share capital of ₹10 lakhs, which is typical for new ventures in the early planning stages. The entire paid-up share capital will be fully subscribed by Premier Energies Limited, thereby eliminating any external ownership or funding at this stage.

The transaction does not involve any share swaps, cash acquisitions, or third-party funding.

About Premier Energies Limited

Premier Energies Limited is an established name in India's renewable energy industry, especially known for its role in solar module manufacturing and solar power project development. Over the years, the company has expanded across several verticals in clean energy and is now taking decisive steps toward strengthening the supply chain for solar cell components.

With this move, Premier Energies is positioning itself for long-term sustainability, cost efficiency, and competitive advantage in a market that is expected to grow rapidly due to increasing demand for clean and renewable energy.

Future Outlook and Impact

This incorporation marks a significant step forward for Premier Energies in terms of vertical integration. By manufacturing silicon ingots and wafers, the company can:

• Improve control over supply chain quality and timing

• Reduce costs by eliminating dependency on imports

• Enhance domestic value addition in solar panel manufacturing

• Support the national solar manufacturing mission (PLI Scheme)

The move is expected to strengthen India’s solar manufacturing ecosystem, helping the country move closer to its ambitious goal of 500 GW of non-fossil fuel energy capacity by 2030.

In conclusion, Premier Energies' formation of Premier Energies GWC Private Limited showcases its strategic foresight and commitment to innovation, sustainability, and national progress in renewable energy manufacturing.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.