NSEPress Release3d ago · 10 Sept 2026, 07:47 pm
Press Release
Premier Energies Limited · PREMIERENE
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Premier Energies Limited has formed a joint venture with RCT India to establish a 12 GWh battery energy storage system (BESS) manufacturing facility in Telangana, India, with plans to expand to 6 GWh in the first phase.
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Premier Energies Limited has informed the Exchange regarding a press release dated September 10, 2026, titled "Premier Energies, RCT India, part of RCT Germany to Form JV for 12 GWh BESS Manufacturing Targeting India and Global Markets".
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Ref. No: PEL 53/2026-27
Date: September 10, 2026
To To
The Secretary The Manager,
BSE Limited Listing Department
Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited
Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla
Mumbai – 400001 Complex, Bandra (East), Mumbai – 400 051
Scrip Code: 544238 Trading Symbol: PREMIERENE
Dear Sir/Madam,
Sub: - Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements)
Regulations, 2015 – Press Release.
Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015,
we hereby enclose a copy of the press release titled “Premier Energies, RCT India, part of R CT
Germany to Form JV for 12 GWh BESS Manufacturing Targeting India and Global Markets”
This is for your information and records.
Thanking you,
Yours truly,
For Premier Energies Limited
Hitesh Kumar Jain
Company Secretary & Compliance Officer
Premier Energies, RCT India, part of
RCT Germany to Form JV for 12 GWh
BESS Manufacturing Targeting India
and Global Markets
Hyderabad, 10 September 2026: Premier Energies Limited and RCT India, part of
RCT Group, Germany, have entered into a binding term sheet to form a joint venture
(JV) to establish a 12 GWh battery energy storage system (BESS) manufacturing
facility in Telangana, marking a significant expansion of Premier Energies’ clean-
energy portfolio beyond solar manufacturing.
The proposed facility will be developed through Premier Energies’
subsidiary, Premier Battery Technologies Pvt. Ltd., with the first phase planned
at 6 GWh. The facility is expected to cater to the rapidly growing demand for energy
storage across commercial, industrial and utility-scale applications in India and
international markets.
The facility is also envisioned as an export-oriented manufacturing platform, with
the partnership aiming to serve international markets from India. By combining
Premier Energies’ manufacturing capabilities with RCT’s global energy-sector
experience, engineering expertise and international supply-chain network, the
partners intend to develop globally competitive BESS solutions for customers across
key international markets.
India’s rapid expansion of renewable energy is driving the need for large-scale
energy storage to manage intermittency, enhance grid flexibility and support reliable
power delivery. Against this backdrop, the partnership aims to contribute to the
development of a robust domestic BESS manufacturing ecosystem while creating an
export-oriented platform for India’s growing energy-storage industry.
For Premier Energies, the partnership represents a strategic step in its evolution from
a leading solar cell and module manufacturer into a broader clean-energy company
with capabilities spanning multiple segments of the renewable energy value chain.
Commenting on the partnership, Mr. Chiranjeev Saluja, Managing Director,
Premier Energies Limited, said:
“Energy storage is the need of the hour for the Indian power system. As India
expands its renewable energy generation capacity, energy storage will play a critical
role in enabling a reliable, resilient and sustainable power ecosystem. Our long-term
partnership with RCT gives us access to this rapidly growing market. Our aim is to
build globally competitive BESS products through this manufacturing platform in
India, serving both domestic and international markets.”
Mr. Sukumar Reddy Madugula, Managing Director, RCT India, said:
“This latest venture to establish a state-of-the-art battery manufacturing facility is a
testament to the strength of our relationship with Premier Energies. We are excited
to bring our global expertise, engineering capabilities and hands-on execution
strengths to India’s rapidly growing BESS sector. Together, we see a strong
opportunity to build world-class energy storage capabilities in India and develop the
facility as a platform to serve markets globally.”
The proposed facility is expected to strengthen India’s domestic manufacturing
capabilities in battery energy storage while creating a platform to address the
growing requirements of renewable power developers, commercial and industrial
consumers, and utility-scale projects in India and overseas.
About Premier Energies Limited
Premier Energies Limited is a publicly listed company and one of India’s leading
integrated solar manufacturers. With more than 30 years of solar manufacturing
expertise, the Company manufactures high-efficiency solar cells and modules and is
expanding its integrated manufacturing capabilities across the solar value chain. The
Company is known for its focus on technology innovation, sustainability and an
employee-centric culture and has received Great Place to Work certification for five
consecutive years.
About RCT
RCT Solutions Group brings more than 10 GW of expertise in setting up BESS-
related projects worldwide, backed by dedicated in-house engineering and
operational capabilities for gigascale battery storage development projects in
Europe. This experience combines the Group’s international expertise, operational
know-how, global industry relationships, and engineering and execution capabilities
with strong local delivery capabilities on the ground in India.
Media Contacts
Premier Energies Limited
Mohit Chawla
Marketing & Communications
Premier Energies Limited
+91 70163 92138
mohit.chawla@premierenergies.com
RCT Energy India Private Limited
Sai Kumar Poloju
Founders Office
sai.poloju@rct-solutions.com
+91 73824 55373