Premier Energies Ltd., one of India’s largest integrated solar manufacturers, said on Friday it has begun commercial operations of its 1.2 gigawatt N-type G12R solar cell line and launched a new high-end 620-watt domestically manufactured solar module.

According to a company statement, the G12R 620 W module delivers exceptional power density, an improved temperature coefficient and stronger low-light performance, using the advanced tunnel oxide passivated contact architecture, also known as TOPCon technology.

The rectangular G12R N-type cell format enables higher string power and balance-of-system optimization, making it suitable for utility-scale, commercial and industrial rooftop projects.

Early Adoption of G12R Technology

The release further stated that Premier Energies is among the first in India to adopt the G12R N-type technology. The Hyderabad-based company said the development reflects its push to expand high-efficiency products in line with the country’s renewable energy targets.

“This launch represents a significant milestone in India’s transition to high-efficiency solar,” said Chiranjeev Saluja, managing director and chief executive. “As one of the first few companies to bring 620 W DCR modules to market, we are offering a future-ready solution to help solar power investors and consumers extract more energy and value from every ray of the sun.”

The modules are compliant with India’s domestic content requirement rules, which mandate the use of locally made solar components in certain government-backed projects.

Quarterly Earnings Hit Record High

The announcement came weeks after the company reported its best-ever quarterly performance. Revenue rose 12 percent year-on-year to ₹18.7 billion ($224 million) in April-June, while EBITDA jumped 61 percent to ₹6 billion.

Net profit climbed 55 percent to ₹3.1 billion despite annual maintenance shutdowns at its cell lines, the company said in an earnings call.

Executives said demand for DCR modules is strengthening as India prepares to mandate 100 percent use of domestic cells and modules under the updated Approved List of Models and Manufacturers from June 2026. The company’s order book stood at ₹86 billion, or 5.5 GW, entirely domestic.

“The shift to DCR is structural,” said Chief Business Officer Vinay Rustagi in the earnings call. “Current demand is about 15 GW annually, and by 2027 the entire market of 40 to 45 GW will move to DCR.”

Future Investments and Expansion Plans

The company said it sees no pricing pressure in the near term despite volatility in Chinese wafer and polysilicon costs. “Our contracts allow for pass-through of raw material price changes, and margins remain protected,” Rustagi said.

Premier Energies is also ramping investment in battery storage and inverters, with both expected to contribute to revenue from FY27. Its 2 GW wafer plant is scheduled for commissioning later in FY27, pending clarity on government policy incentives. The company has put U.S. expansion plans on hold, given policy uncertainty and negligible exposure to that market.