|The company was incorporated as Premier Housing and Industrial Enterprises Limited on 25th March 1988 with a motive of institutionalizing the profitable activity of the Housing Development, which was mainly in the hands of individuals and partnership firms. The company was concentrating on catering to middle income segment. The company was established as one of the largest Housing Development companies in the country with accent on quality and cost reduction in construction cost.
The company grew steadily and has been able to establish good track record and high degree of credibility in the areas of business of the company.
The company has promoted approximately 1 million sq.ft. of f;lats and commercial space in Chennai, Bangalore and Hydrebad for appox. 687 million. Some of the prestigious customers of the company include UTI, Indian Bank for whom we have developed Commercial Complex and also exclusive Housing Flats for UTI in Chennai and Hydrebad.
The company is now contemplating to enter into business Infrastructure and Energy viz Building and owning directly or through subsidiary companies Power Plants, generating power by both conventional and Non conventional methods, including Coal, Gas, Lignite, Oil, Biomass, Waste, Thermal, Solar, Hydel, Wind and Coal Mines and to invest in Companies which are in the business of infrastructure development including Manufacturing, Ancillary, Construction, Real Estate, SEZ, Software, BPO.
The name of the company was changed to PREMIER ENERGY AND INFRASTRUCTURE LIMITED by a Resolution passed by the Members through a Postal Ballot. This change of name was effected by fresh Certificate of Incorporation consequent to change of name issued by the Registrar of Companies, Tamilnadu, Chennai on 9th May 2008.