Premier Energies Ltd.'s shares rose more than 18% on Friday after the company received an order worth Rs 215 crore from Uttar Pradesh Department of Agriculture. The contract involves supply, installation, and commissioning with five years' comprehensive warranty of 8,085 solar water pumping systems across various districts in Uttar Pradesh. The project is scheduled for completion by March 2025. The initiative falls under component-B of Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan scheme to provide clean energy to more than 35 lakh farmers by solarizing their agriculture pump.
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