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Premier Energies Sets Up Renewable EPC JV, Pushes Acquisition Deadlines to April 2026

Premier Energies Ltd. has approved the formation of a new joint venture to execute engineering, procurement and construction (EPC) projects in the renewable energy segment. At the same time, the company has extended the completion timelines for two previously announced acquisition transactions.

According to a regulatory filing, the board has cleared an investment in HeliosAnthos Energies Pvt. Ltd., a newly incorporated entity being established in partnership with BA Prerna Renewables Pvt. Ltd. The venture will undertake EPC assignments across solar, wind, battery energy storage systems (BESS), and hybrid renewable energy projects.

Under the agreed structure, Premier Energies will hold a 51 percent stake in the joint venture and retain management control, while BA Prerna Renewables will own the remaining 49 percent. The entity has been incorporated with an authorised share capital of Rs1 crore and a paid-up capital of Rs10 lakh. Premier Energies will invest Rs10.45 lakh to acquire 1,04,550 equity shares with a face value of Rs10 each.

The joint venture is expected to provide end-to-end EPC solutions, covering activities such as land acquisition, grid connectivity, statutory clearances, detailed design and engineering, procurement, installation, testing, and commissioning of renewable energy assets across India.

In addition to the JV announcement, the board has approved an extension of the long-stop date for the proposed acquisition of a 51 percent stake in Ksolare Energy Pvt. Ltd. The deadline for fulfilling conditions precedent has been mutually extended to April 15, 2026.

Similarly, the acquisition of the remaining equity tranche in Transcon Ind Ltd. has also been deferred. Owing to pending conditions under the amended share subscription and shareholders’ agreement, the revised completion date for this transaction has been set as April 15, 2026.