ACME Solar Holdings Limited (ASHL) has received a significant boost to its credit profile as CRISIL Ratings assigned a 'CRISIL AA-/Stable' rating to long-term bank facilities worth Rs 2,086.00 crore for two of its wholly-owned subsidiaries. The rating covers renewable energy projects in Rajasthan with a total capacity of 600 MW.

Project Details and Financing

The rating has been assigned to ACME Deoghar Solar Power Private Limited (ADSPPL) and ACME Phalodi Solar Power Private Limited (APSPPL), both subsidiaries of ACME Solar Holdings Limited. The projects are funded through a term loan facility from Power Finance Corporation Limited.

Key Strengths Highlighted by CRISIL

CRISIL cited several key strengths that contributed to the favorable rating:

1. Robust revenue visibility
2. Strong financial metrics
3. Solid debt servicing capability
4. Secure cash flow mechanism

Power Purchase Agreements and Performance

Both projects are supported by 25-year Power Purchase Agreements (PPAs) with Solar Energy Corporation of India Limited (SECI). These fixed-tariff agreements ensure long-term cash flow predictability for the projects.

Notably, both projects are performing above predicted generation levels:

• ADSPPL: Approximately 31.30%
• APSPPL: Approximately 30.90%

ACME Solar's Growing Portfolio

This rating achievement is part of a broader success for ACME Solar. Within six months of operations, all four of ACME Solar's assets commissioned in Fatehgarh, Rajasthan, have secured 'AA' family ratings from CRISIL. This opens up potential avenues for bonds and refinancing opportunities in the future.

Outlook and Future Prospects

CRISIL has assigned a 'Stable' outlook to these projects, reflecting expectations of:

• Continued timely payments from SECI
• Stable operational performance

About ACME Solar Holdings

ACME Solar Holdings has established itself as a leading integrated renewable energy player. The company boasts a diversified portfolio of 6,970 MW and 550 MWh, encompassing solar, wind, storage, FDRE, and hybrid solutions. Currently, ACME Solar's operational capacity stands at 2,890 MW, with an additional 4,080 MW in various stages of implementation.

The company's in-house EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) divisions enable end-to-end development and management of plants. This integrated approach allows ACME Solar to deliver projects in a time and cost-effective manner while ensuring top-tier operating performance, evident in its industry-leading CUF (Capacity Utilization Factor) and operating margins.

This latest credit rating underscores ACME Solar's strong position in the renewable energy sector and its ability to develop and operate high-performing solar projects.

ACME Solar Holdings Limited has announced its upcoming earnings call to discuss the financial results for the first quarter of the fiscal year 2025-26. The call is scheduled for July 28, 2025, at 11:00 AM IST, providing an opportunity for analysts and institutional investors to gain insights into the company's performance.

Earnings Call Details

The solar energy company has arranged for a conference call where its senior management team will present the Q1 FY26 results and engage in a discussion with participants. Key details of the call include:

• Date: Monday, July 28, 2025
• Time: 11:00 AM Indian Standard Time (IST)
• Purpose: Discussion of Q1 FY 2025-26 financial results

Participation Information

For those interested in joining the call, ACME Solar Holdings has provided multiple ways to access the conference:

1. Pre-registration: Participants can avoid waiting queues by pre-registering through the provided DiamondPass link.

2. Universal Access Numbers:

   Country	Number
   India	+91 22 6280 1116
   India	+91 22 7115 8017

3. International Toll-Free Numbers:

   Country	Number
   Hong Kong	800 964 448
   Singapore	800 101 2045
   USA	1 866 746 2133
   UK	0 808 101 1573

Additional Information

The company has stated that all relevant call information, including registration details and dial-in numbers, is available on their official website at www.acmesolar.in . This move towards transparency aligns with the regulatory requirements set by the Securities and Exchange Board of India (SEBI) under the Listing Obligations and Disclosure Requirements (LODR) Regulations.

This earnings call presents an important opportunity for stakeholders to gain direct insights into ACME Solar Holdings' financial performance and future outlook in the dynamic renewable energy sector. As the company continues to navigate the evolving landscape of solar energy in India, this interaction with management could provide valuable perspectives on their strategies and market position.