Recently listed Premier Energies has today announced a large 215Cr order for 8000 odd solar pumps under KUSUM Component B received from Uttar Pradesh Dept of Agriculture.
I was under the impression that Premier Energies was into manufacturing and supply of solar modules for solar pumps and not the pumps themselves. Have they ventured into pumps as well? In that case, are they directly competing with Shakti Pumps or could they be buying the pumps from Shakti Pumps?
Edit: From DRHP it indeed appears that they provide EPC services in solar pumps wherein they make the modules and source the pumps from vendors like Shakti.
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