Latest news about ACME Solar Holdings
ACME Solar Holdings
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More news about ACME Solar Holdings
26Apr 26
ACME Solar Holdings Schedules Board Meeting on May 7, 2026 for FY26 Financial Results Approval
ACME Solar Holdings Limited has scheduled a board meeting for May 7, 2026, to approve audited financial results for the quarter and financial year ended March 31, 2026, covering both standalone and consolidated results. The company maintains trading window restrictions for designated persons from April 1, 2026, until 48 hours after results declaration, in compliance with SEBI insider trading regulations.
22Apr 26
ACME Solar Holdings Achieves Major Milestone with 2 GWh BESS Capacity in Rajasthan
ACME Solar Holdings Limited has achieved a major milestone by cumulatively operationalizing more than 2 GWh BESS capacity in Rajasthan, making it among the first Indian renewable energy companies to reach this scale. The company's total operational BESS capacity stands at 591.18 MW / 2031.24 MWh across various subsidiaries in Rajasthan. These projects enhance grid reliability through strategic charge-discharge cycles during peak and non-peak periods. ACME Solar plans to operationalize 10 GWh of BESS by 2027 as part of its diversified 8,071 MW portfolio spanning solar, wind, storage, and hybrid solutions.
22Apr 26
ACME Solar Holdings Secures Interim Stay on GST Show Cause Notice from Rajasthan High Court
ACME Solar Holdings Limited received favorable legal relief as the Rajasthan High Court granted an interim stay on a GST show cause cum demand notice on April 20, 2026. The court order suspends the operation and effect of the notice until further orders, providing the company protection from immediate enforcement actions. Company Secretary Rajesh Sodhi formally communicated this development to BSE and NSE, maintaining compliance with SEBI listing regulations and referencing previous intimations from March 29 and April 13, 2026.
17Apr 26
ACME Solar Subsidiary Receives Commissioning Certificate for 16 MW Wind Power Project in Gujarat
ACME Solar Holdings Limited announced that its subsidiary ACME Eco Clean Energy Private Limited has received the Certificate of Commissioning from GEDA for a 16 MW wind power project in Gujarat. The project spans multiple villages in Surendranagar district and represents a significant addition to the company's renewable energy portfolio, following previous regulatory intimations made in March 2026.
14Apr 26
ACME Solar Holdings Achieves Full Commissioning of 100 MW Wind Power Project
ACME Solar Holdings Limited achieved a major milestone with its subsidiary ACME Eco Clean Energy Private Limited completing the full commissioning of a 100 MW wind power project in Gujarat. The final 4 MW capacity was commissioned on April 13, 2026, marking 100% project completion at Village: Titoda, Taluka: Sayla, Dist: Surendaranagar, Gujarat, with regulatory oversight from GEDA and PGVCL officials.
13Apr 26
HSBC Initiates Buy Rating on ACME Solar Holdings with ₹350 Target Price
HSBC has initiated coverage on ACME Solar Holdings with a Buy rating and ₹350 target price, citing strong fundamentals including 6GW contracted capacity for earnings visibility. The investment bank highlights the company's vertically integrated renewable platform and focus on FDRE and BESS technologies for improved returns. HSBC projects a robust 72% EBITDA CAGR over FY26-28, reflecting confidence in the company's growth trajectory in India's renewable energy sector.
11Apr 26
ACME Solar Holdings Submits SEBI Compliance Certificate for Q4FY26
ACME Solar Holdings Limited filed its SEBI Regulation 74(5) compliance certificate for Q4FY26 on April 10, 2026. The certificate, covering the quarter ended March 31, 2026, was submitted to BSE and NSE by Company Secretary Rajesh Sodhi. KFin Technologies Limited, as the registrar, certified that all securities dematerialization and rematerialization details were properly furnished to stock exchanges, ensuring compliance with depositories regulations.
07Apr 26
ACME Solar Holdings Commissions Fifth Phase of 33.334 MW BESS Project
ACME Solar Holdings Limited has successfully commissioned the fifth phase of its Battery Energy Storage System project in Rajasthan, adding 33.334 MW/160.48 MWh capacity. The project, executed through wholly owned subsidiary ACME Sun Power Private Limited, brings total commissioned capacity to 166.670 MW/802.460 MWh out of the planned 300 MW/1409.34 MWh facility located at Village Badi Sid, Tehsil-Bap, District Phalodi and Jodhpur.
01Apr 26
ACME Solar Holdings Receives Enhanced Credit Rating of Rs 2,500 Crore from ICRA Limited
ACME Solar Holdings Limited has received an enhanced credit rating from ICRA Limited, increasing the total rated amount from Rs 1,500 crore to Rs 2,500 crore. The [ICRA]AA-(Stable) rating was reaffirmed for the enhanced long-term non-fund based facilities, including an increase in existing facilities to Rs 1,850 crore and a new unallocated facility of Rs 650 crore. This development demonstrates the rating agency's continued confidence in the company's creditworthiness and financial strength.
30Mar 26
Acme Solar: Receives Rs 149.73 Crore GST Show-Cause Notice
Acme Solar Holdings has received a significant GST demand notice worth Rs 149.73 crores from the Directorate General of GST Intelligence, Jaipur, alleging short payment of taxes on solar power systems supply for the period April 2021 to March 2025. The company disclosed this regulatory development and stated it will contest the matter through appropriate legal channels while expecting no immediate operational or financial disruption.
30Mar 26
ACME Solar Commissions Phase III of 11.429 MW BESS Project in Rajasthan
ACME Solar Holdings has successfully commissioned the third phase of its Battery Energy Storage System project in Rajasthan, achieving 107 MW capacity milestone. The 11.429 MW Phase III project reached commercial operation on March 31, 2026, demonstrating the company's systematic approach to renewable energy infrastructure development in the strategically important Bikaner district location.
27Mar 26
Investec Initiates Buy Rating on ACME Solar Holdings with Rs 319 Target Price
Investec has initiated coverage on ACME Solar Holdings with a Buy rating and Rs 319 target price. The positive outlook is driven by strong FDRE positioning with 49% mix, ~5GW pipeline capacity, projected 63% EBITDA CAGR, improving ROCE of 11-13%, capacity expansion plans through FY28, and attractive valuation at ~8x FY28 EV/EBITDA multiple.
27Mar 26
ACME Solar Holdings Subsidiary Commissions Additional 4 MW Wind Power Capacity in Gujarat
ACME Solar Holdings Limited announced that its subsidiary ACME Eco Clean Energy Private Limited has commissioned an additional 4 MW wind power capacity out of its 100 MW project in Gujarat. The commissioning was verified by GEDA and PGVCL officials, with formal certification expected shortly. This brings the total commissioned capacity to 92 MW out of 100 MW, representing 92% project completion.
24Mar 26
ACME Solar Commissions Additional 155 MW BESS Projects in Rajasthan
ACME Solar Holdings has commissioned additional 155 MW / 470.25 MWh of Battery Energy Storage System projects in Rajasthan, expanding its total commissioned BESS capacity to 297.67 MW / 951.74 MWh. The projects operate on merchant basis through Inter-State Transmission System connectivity, generating revenue through peak and non-peak demand price differentials while enhancing grid stability.
20Mar 26
ACME Solar Holdings Schedules Investor-Analyst Interaction in London for March 25, 2026
ACME Solar Holdings Limited has scheduled an investor and analyst interaction for March 25, 2026, in London, featuring physical one-on-one and group meetings with company officials. The announcement, made under SEBI Regulation 30 compliance, assures no disclosure of unpublished price-sensitive information during the interactions. The company's investor presentation is available on its official website, and the meeting schedule remains flexible to accommodate participant requirements.
20Mar 26
Acme Solar: Has Added 4 MW of Wind Power, Now Reaching 88 MW Out of 100 MW Project Target
Acme Solar Holdings has successfully commissioned an additional 4 MW wind power capacity through its subsidiary ACME Eco Clean Energy Private Limited at a project site in Gujarat. This milestone brings the total commissioned capacity to 88 MW out of the planned 100 MW project, representing 88% completion. The commissioning was officially verified by GEDA and PGVCL authorities, with formal certification expected shortly.
16Mar 26
MOSL Maintains Buy Rating on ACME Solar Holdings with ₹341 Target Price
MOSL maintains Buy rating on ACME Solar Holdings with ₹341 target price, highlighting strong earnings visibility from PPAs and projected ~74% EBITDA CAGR over FY25–28. The company benefits from 5.1GW under-construction capacity with secured transmission connectivity and potential upside from accelerated BESS rollout, positioning it well in the evolving IPP landscape.
13Mar 26
ACME Solar Commissions 142.67 MW Battery Energy Storage System in Rajasthan
ACME Solar Holdings successfully commissioned a 142.67 MW / 481.49 MWh Battery Energy Storage System in Rajasthan, marking the completion of phase-1 of their ambitious expansion plan. The facility operates on a merchant basis initially, capitalizing on peak and non-peak price differentials, and will eventually integrate with FDRE projects under long-term PPAs. The company maintains a diversified 8,071 MW portfolio with significant growth potential in energy storage.
12Mar 26
ACME Solar Holdings Commissions Second Phase of 33.335 MW BESS Project in Rajasthan
ACME Solar Holdings has commissioned the second phase of its Battery Energy Storage System project in Rajasthan through subsidiary ACME Sun Power Private Limited. The phase comprises 33.335 MW/160.51 MWh capacity with commercial operation date of March 14, 2026, bringing total commissioned capacity to 66.67 MW/320.99 MWh out of the full 300 MW/1409.34 MWh project.
12Mar 26
ACME Solar Signs 450 MW PPAs with SJVN for Assured Peak Power Project
ACME Solar Holdings Limited executed Power Purchase Agreements with SJVN for a 450 MW/1800 MWh ISTS connected assured peak power project through its subsidiary ACME Greentech Seventh Private Limited. The 25-year PPAs, signed on March 2, 2026, will supply 4 hours of assured peak power during non-solar hours with 90% availability guarantee, utilizing night-time connectivity in Rajasthan's high irradiation zones. This agreement increases the company's total PPA signed capacity to 6,270 MW, with 1,690 MW signed in the current financial year.
12Mar 26
ACME Solar Holdings Commissions Third Phase of 19 MW BESS Project in Jaisalmer
ACME Solar Holdings Limited successfully commissioned the third phase of its Battery Energy Storage System project in Rajasthan, adding 19 MW/40.50 MWh capacity. The project, executed through wholly owned subsidiary ACME Suryodaya Private Limited, has now achieved 76 MW/160.50 MWh total commissioned capacity, representing 26.67% completion of the overall 285 MW/601.904 MWh project located in Jaisalmer.
09Mar 26
Acme Solar Holdings: Unit Acme Eco Clean Energy Gets Certification For 4 MW Wind Project
Acme Solar Holdings achieved a milestone with its subsidiary Acme Eco Clean Energy receiving certification for a 4 MW wind power project in Gujarat from GEDA. The project, located in Village Garambhadi, Surendranagar district, is part of a larger 100 MW wind power development, demonstrating the company's commitment to renewable energy expansion.
06Mar 26
ACME Solar Holdings subsidiary receives credit rating reaffirmation with enhanced bank facilities
ACME Solar Holdings Limited announced that Crisil Ratings has reaffirmed the AA-/Stable credit rating for its subsidiary ACME Raisar Solar Energy Private Limited. The rating agency enhanced the total bank loan facilities to Rs.1,100 crore from Rs.890 crore, reflecting strong creditworthiness and expanded financing capacity for the renewable energy subsidiary.
04Mar 26
ACME Solar Completes Second Phase Of 38 MW BESS Project In Rajasthan
ACME Solar Holdings Limited has completed the second phase of its Battery Energy Storage System project in Rajasthan, adding 38 MW/82 MWh capacity through subsidiary ACME Suryodaya Private Limited. The combined operational capacity now totals 57 MW/120 MWh, representing 20% completion of the overall 285 MW/600 MWh project located in Jaisalmer district.
02Mar 26
ACME Solar Holdings Subsidiary Executes 450 MW Power Purchase Agreement with SJVN Limited
ACME Solar Holdings Limited's subsidiary has executed Power Purchase Agreements with SJVN Limited for 450 MW renewable energy capacity, comprising 300 MW and 150 MW contracts under a Firm and Dispatchable Renewable Energy project. The agreements feature a tariff of Rs. 6.74 per unit with power supply scheduled to commence from March 1, 2028, and a project tenure of 25 years, representing a significant expansion of the company's renewable energy portfolio.
19Feb 26
ACME Solar Subsidiary Executes 190 MW Hybrid Power Purchase Agreement with SECI Limited
ACME Solar Holdings Limited's subsidiary ACME Urja One Private Limited has executed a 25-year Power Purchase Agreement with SECI Limited for a 190 MW ISTS-connected wind-solar hybrid power project with Battery Energy Storage System. The project, scheduled for commercial operation on February 27, 2028, carries a tariff of Rs. 4.72 per unit and requires minimum 50% annual Capacity Utilisation Factor with 80% daily peak power obligation. This agreement brings ACME Solar's total PPA-signed portfolio to 5,820 MW, with 1,240 MW signed in the current financial year.
10Feb 26
ACME Solar Holdings Receives Official Letter of Award for 301 MW SECI FDRE Project
ACME Solar Holdings Limited has officially received the Letter of Award from SECI for its 301 MW assured peak supply FDRE project under Tranche VII at Rs. 6.28 per unit tariff. The project has a 24-month SCOD timeline and 25-year tenure, featuring specific operational requirements including 4 MWh per MW supply for 4 hours daily during non-solar hours with minimum availability targets.
10Feb 26
ACME Solar Holdings Awarded 220 MW Solar with BESS Project by Rewa Ultra Mega Solar Limited
ACME Solar Holdings Limited has been awarded a 220 MW solar project with Battery Energy Storage System by Rewa Ultra Mega Solar Limited at Morena Solar Park, Madhya Pradesh. The project carries a tariff of Rs. 2.764 per unit with commercial operation scheduled for December 31, 2027, and includes a 25-year Power Purchase Agreement. The project requires maximum 35% annual capacity utilization factor and 4 hours of peak supply at 95% availability, combining solar and BESS technologies to meet supply obligations.
04Feb 26
ACME Solar Holdings Appoints Rahul Kaushik as Head of Process Transformation
ACME Solar Holdings Limited appointed Rahul Kaushik as Head of Process Transformation on February 4, 2026, to strengthen governance frameworks across its 7,770 MW renewable energy portfolio. Kaushik brings nearly two decades of internal audit and risk advisory experience from O2 Power and major consulting firms. His mandate includes building agile, standardized processes to support the company's growth ambitions and institutionalize strong governance practices.
03Feb 26
ACME Solar Holdings Schedules Investor-Analyst Interactions in Mumbai and Singapore for February 2026
ACME Solar Holdings Limited has scheduled investor and analyst interactions for February 2026, with physical meetings planned for February 06 in Mumbai and February 09-10 in Singapore. The announcement, made under SEBI Regulation 30 compliance, ensures discussions will be based on publicly available information. Company Secretary Rajesh Sodhi has formally notified stock exchanges about these engagement sessions.
02Feb 26
ACME Solar Holdings Receives GEDA Commissioning Certificate for 16 MW Wind Power Project
ACME Solar Holdings has received a commissioning certificate from the Gujarat Energy Development Agency (GEDA) for its 16 MW wind power project. This certification validates the project's compliance with regulatory standards and enables commercial operations. The milestone represents a significant achievement in the company's renewable energy portfolio expansion.
31Jan 26
ACME Solar Holdings Reports Strong Q3FY26 Performance and Publishes Results in Newspapers
ACME Solar Holdings delivered robust Q3FY26 results with consolidated revenue reaching Rs. 4,967.93 million and net profit of Rs. 1,137.09 million. Standalone operations showed exceptional growth with revenue of Rs. 9,176.63 million driven by EPC contracts. The Board declared an interim dividend of Rs. 0.20 per share and published financial results in newspapers pursuant to SEBI regulations.
30Jan 26
Acme Solar Holdings Targets 10 GW Generation Capacity and 20 GWh Battery Storage by 2030
Acme Solar Holdings has announced strategic expansion plans targeting 10 GW of generation capacity and 20 GWh of battery storage by 2030. The renewable energy company projects 35% annual growth to achieve these ambitious capacity goals. The expansion strategy encompasses significant scaling across both solar power generation and energy storage segments, positioning the company for substantial growth in India's renewable energy sector.
29Jan 26
ACME Solar Holdings Subsidiary Signs 250 MW FDRE Power Purchase Agreement with NHPC Limited
ACME Solar Holdings Limited's subsidiary ACME Urja One Private Limited has executed a Power Purchase Agreement with NHPC Limited for a 250 MW FDRE project. The agreement features a tariff of Rs. 4.33 per unit, scheduled commercial operation date of June 30, 2027, and a 25-year project tenure. This domestic project represents a significant addition to the company's renewable energy portfolio and was disclosed under SEBI Regulation 30 as a voluntary disclosure.
29Jan 26
ACME Solar Holdings Limited Receives Enhanced Credit Rating Facility of Rs.1,500 Crore
ACME Solar Holdings Limited has received an enhanced credit rating facility with the total bank loan facilities rated amount increased to Rs.1,500 crore from Rs.1,000 crore. Crisil Ratings Limited reaffirmed the company's long-term rating at Crisil AA-/Stable, representing a 50% increase in the facility amount. The company disclosed this positive development to BSE and NSE on January 29, 2026, under Regulation 30 compliance, following an earlier intimation from October 7, 2025.
20Jan 26
ACME Solar Holdings schedules earnings call for January 30, 2026 to discuss Q3FY26 results
ACME Solar Holdings Limited has scheduled an earnings call for January 30, 2026 at 11:30 AM IST to discuss Q3 FY 2025-26 results with senior management participating. The company has provided comprehensive dial-in details including universal numbers and international toll-free options for multiple countries. Registration information is available through Diamond Pass Link and the company website, with the announcement made under SEBI Regulation 30 compliance.
19Jan 26
ACME Solar commissions additional 12 MW wind capacity in Gujarat plant
ACME Solar Holdings successfully commissioned an additional 12 MW wind power capacity at its Surendranagar project in Gujarat through subsidiary ACME Eco Clean Energy, bringing total operational capacity to 68 MW of the planned 100 MW facility. The company demonstrated strong financial performance in Q2FY26 with consolidated EBITDA growing 108% year-on-year to ₹534 crore and PAT surging 652% to ₹115 crore, while shares closed down 1.25% at ₹213.85 on NSE.
15Jan 26
ACME Solar Holdings Chief Commercial Officer Rahula Kumar Kashyapa Resigns
ACME Solar Holdings Limited announced the resignation of Chief Commercial Officer Rahula Kumar Kashyapa, effective January 20, 2026. Kashyapa submitted his resignation on December 7, 2025, citing plans to explore opportunities outside the organization. The company acknowledged his significant contributions to strategic priorities and operations, with the announcement made through proper regulatory channels under SEBI Listing Regulations.
14Jan 26
ACME Solar Holdings Designates Yogesh Kumar Sanklecha as Senior Management Personnel
ACME Solar Holdings Limited has designated Mr. Yogesh Kumar Sanklecha as Senior Management Personnel effective January 15, 2026. The Board of Directors approved the appointment through a circular resolution dated January 14, 2026, based on the Nomination and Remuneration Committee's recommendation. Mr. Sanklecha, currently Head - Business Development, brings over 25 years of ACME Group experience and holds educational qualifications including an MBA in Marketing where he was a Gold Medallist from Dr. Vikhe Patil Foundation, Pune.
06Jan 26
ACME Solar Holdings Unit Receives GEDA Commissioning Certificate for 12 MW Wind Project Completion in Gujarat
ACME Solar Holdings unit has received a commissioning certificate from Gujarat Energy Development Agency (GEDA) for completing 12 MW of its 100 MW wind project in Gujarat. This milestone represents significant progress in the company's renewable energy expansion and demonstrates successful execution of wind energy infrastructure development in one of India's key renewable energy states.
02Jan 26
ACME Solar Credit Rating Enhanced to Rs 1,500 Crore with ICRA AA-/Stable Reaffirmed
ACME Solar Holdings Limited announced enhancement of its credit rating facility from Rs 1,000 crore to Rs 1,500 crore, with ICRA Limited reaffirming the 'ICRA AA-/Stable' rating for long-term non-fund based facilities. The 50% increase in rated amount reflects ICRA's continued confidence in the company's diversified renewable energy portfolio, stable cash flows from long-term power purchase agreements, and strong financial health following its successful IPO.
01Jan 26
ACME Solar Holdings Incorporates Wholly Owned Subsidiary for Renewable Energy Development
ACME Solar Holdings Limited has incorporated a wholly owned subsidiary, ACME Greentech Eighteen Private Limited, with an initial capital of ₹1.00 lakh comprising 10,000 equity shares at ₹10.00 face value each. The subsidiary, established in Gurugram, will focus on developing and operating renewable energy projects to strengthen the company's clean energy portfolio.
01Jan 26
ACME Solar Holdings Incorporates New Wholly Owned Subsidiary for Renewable Energy Development
ACME Solar Holdings Limited incorporated wholly owned subsidiary ACME Greentech Fifteen Private Limited on January 01, 2026, with ₹1.00 lakh paid-up capital. The new entity will focus on renewable energy project development and operations, strengthening the parent company's position in the clean energy sector.
31Dec 25
ACME Solar Holdings Subsidiary Receives CRISIL A/Stable Rating for ₹4,072 Crore Bank Facilities
ACME Solar Holdings announced that its wholly owned subsidiary ACME Venus Urja Private Limited has received a CRISIL A/Stable rating for bank facilities worth ₹4,072 crore. The rating assignment reflects strong creditworthiness and supports the company's expansion plans in the solar energy sector.
26Dec 25
Acme Solar Holdings Forms New Subsidiary Acme Greentech Nineteen Private Limited
Acme Solar Holdings has formed a new subsidiary named Acme Greentech Nineteen Private Limited. This corporate development represents the company's strategic expansion through subsidiary formation and adds to its existing organizational structure in the renewable energy sector.
26Dec 25
ACME Solar Holdings Incorporates Wholly Owned Subsidiary for Renewable Energy Projects
ACME Solar Holdings Limited has incorporated ACME Greentech Nineteen Private Limited as a wholly owned subsidiary on December 23, 2025, with an initial investment of ₹1.00 lakh through 10,000 equity shares. The subsidiary will focus on renewable energy project development, establishment, and operations, strengthening the parent company's position in the power generation sector.
24Dec 25
Acme Solar Holdings Establishes New Fully Owned Subsidiary Acme Greentech Seventeen Private Limited
ACME Solar Holdings has formed a new fully owned subsidiary named Acme Greentech Seventeen Private Limited. This strategic move enhances the company's corporate structure and demonstrates its commitment to expanding within the renewable energy sector. The new subsidiary is expected to focus on green technology solutions, aligning with ACME Solar Holdings' core business in clean energy.
24Dec 25
ACME Solar Receives Letter of Award for 130 MW Project at ₹4.35/Unit
ACME Solar Holdings has received a Letter of Award from REMC Limited for a 130 MW renewable energy round-the-clock power project with a 25-year contract at ₹4.35 per unit tariff. The company disclosed this development under SEBI Regulation 30 as a voluntary disclosure, marking another significant milestone in its renewable energy expansion.
24Dec 25
ACME Solar Holdings Incorporates New Renewable Energy Subsidiary
ACME Solar Holdings Limited has established a new wholly owned subsidiary, ACME Greentech Sixteen Private Limited, with an initial paid-up capital of ₹1.00 lakh. The subsidiary is focused on developing renewable energy projects and expanding the group's sustainable energy capabilities through strategic corporate structuring.
18Dec 25
ACME Solar Holdings Secures ₹4,725 Crore Financing to Expand Banking Partnerships
ACME Solar Holdings has obtained financing of ₹4,725 crores to expand its banking relationships and strengthen its financial position. This significant funding demonstrates confidence in the company's business model and may enhance its access to capital markets, potentially improving its ability to pursue new opportunities in the renewable energy sector.
17Dec 25
Acme Solar Holdings Appoints Ayalur Kumar as Chief Procurement Officer and Supply Chain Leader
ACME Solar Holdings has named Ayalur Kumar as its new Chief Procurement Officer and Supply Chain Leader. Kumar brings extensive experience from his previous roles at Fortum, Skoda Power, and ABB. This strategic appointment aims to strengthen ACME's procurement operations and supply chain management, potentially enhancing the company's operational efficiency and competitive position in the renewable energy market.
16Dec 25
ACME Solar Commissions Additional 8 MW Wind Power Phase in Gujarat Project
ACME Solar Holdings' subsidiary ACME Eco Clean Energy has successfully commissioned the third phase of its Gujarat wind power project, adding 8 MW capacity to reach 52 MW operational out of the planned 100 MW facility. The project, financed through PFC and constructed using in-house EPC capabilities with SANY 4 MW turbines, operates under a 25-year PPA with Gujarat Urja Vikas Nigam Limited, contributing to the company's total operational capacity of 2,942 MW.
15Dec 25
ACME Solar Clarifies Transmission Constraints Impact on Rajasthan Project
ACME Solar Holdings Limited has clarified that its 300MW solar project in Rajasthan, developed by ACME Sikar Solar Pvt Ltd, is not impacted by reported transmission constraints. The project has received Long Term General Network Access (GNA) effectiveness approval and is evacuating full capacity at the Bikaner-II substation. The commissioning of the Narela-Khetri transmission line has improved infrastructure, enabling effective Long Term GNA for about 4,300MW of solar projects in the region. ACME Solar operates with 2,934MW operational capacity and 4,586MW under construction, along with 15GWh of BESS installation.
10Dec 25
ACME Solar Holdings Appoints KR Thiyagarajan as President-EPC
ACME Solar Holdings Limited has appointed Mr. KR Thiyagarajan as President-EPC and Senior Management Personnel, effective December 10, 2025, following Board approval based on the Nomination and Remuneration Committee's recommendation. With 35 years of power sector experience spanning solar PV, BESS, and EHV transmission, he will drive project execution excellence and cost optimization as the company targets 10GW operational capacity by 2030. Additionally, Mr. Harjinder Kamboj's reporting line has been realigned to Mr. Thiyagarajan, resulting in his cessation as Senior Management Personnel.
09Dec 25
ACME Solar Subsidiary Advances 100 MW Wind Power Project in Gujarat
ACME Solar Holdings Limited's subsidiary, ACME Eco Clean Energy Private Limited, has commissioned the second phase (16 MW) of its 100 MW wind power project in Gujarat. The project is located in the villages of Dhakaniya, Dhajala, and Dhandhalpur in Surendranagar District. The Gujarat Energy Development Agency (GEDA) issued the commissioning certificate on December 09, 2025. This development is part of ACME Solar's renewable energy expansion efforts and contributes to India's clean energy goals.
25Nov 25
ACME Solar Secures 200 MW Solar-Battery Storage PPA with SECI, Boosts Total Capacity to 5.38 GW
ACME Solar Holdings Limited's subsidiary, ACME Platinum Urja Private Limited, has signed a 25-year Power Purchase Agreement with Solar Energy Corporation of India for a 200 MW solar project with 100 MW/400 MWh battery storage capacity. The project, set to be commissioned by June 2027, has a tariff of ₹3.42 per unit. This agreement increases ACME Solar's total PPA-signed capacity to 5,380 MW and adds 800 MW of contracted capacity in the current financial year. The project requires an annual Capacity Utilization Factor of 25%-27% during solar hours and minimum availability of 70% monthly and 85% annually during evening peak hours.
24Nov 25
ACME Solar Secures 130 MW Railways Tender for Round-The-Clock Renewable Energy at Rs 4.35 per Unit
ACME Solar Holdings Limited has won a bid for a 130 MW renewable energy project under the Railways Energy Management Company Limited's 1000 MW Round-the-Clock tender. The company secured the contract with a competitive bid of Rs 4.35 per unit. The project involves supplying renewable energy with dispatchable sources or Energy Storage Systems to ensure round-the-clock clean power. The project has a 30-month commissioning timeline and requires a minimum annual availability of 75% for the first three years, increasing to 85% thereafter. ACME Solar will enter into a direct Power Purchase Agreement with Indian Railways for this ISTS-connected project.
21Nov 25
ACME Solar Holdings Approves 16.09 Lakh Employee Stock Options Under ESOP Plan 2024
ACME Solar Holdings Limited has approved the issuance of 16,09,712 employee stock options under the ACME Employee Stock Option Plan 2024. The options will vest over 4 years at a 25% annual rate, with a minimum vesting period of 1 year and a maximum exercise period of 5 years from the vesting date. This move aims to align employee interests with company performance, attract and retain talent, and provide additional incentives for long-term success in the renewable energy sector.
19Nov 25
ACME Solar Subsidiary Expands Wind Power Capacity in Gujarat
ACME Eco Clean Energy Private Limited, a subsidiary of ACME Solar Holdings Limited, has commissioned the second phase of its 100 MW wind power project in Gujarat. The latest addition of 16 MW brings the total operational capacity to 44 MW. The project, located in Village Titoda, Taluka Sayla, District Surendaranagar, has been witnessed by officials from Gujarat Energy Development Agency (GEDA) and Paschim Gujarat Vij Company Limited (PGVCL). This development marks significant progress towards the full 100 MW target and aligns with India's focus on clean energy.
17Nov 25
ACME Solar Subsidiary Secures INR 47.40 Crore Regulatory Compensation
ACME Aklera Power Technology Private Limited, a subsidiary of ACME Solar Holdings, has received INR 47.40 crore compensation from the Rajasthan Electricity Regulatory Commission. The compensation covers Basic Customs Duty on solar cells, GST increase from 5% to 12%, and carrying costs due to regulatory changes. This decision will increase the 250 MW solar project's revenue by 3.5% over 15 years, distributed through an annuity-based mechanism at a 9% discount rate.
15Nov 25
ACME Solar's VP-Procurement Sarthak Sengupta Steps Down Amid Company's Regulatory Victories
ACME Solar Holdings Limited reports significant developments. VP-Procurement Sarthak Sengupta resigns effective November 14, 2025. The company secures a favorable regulatory ruling, with RERC granting Rs. 47.40 crore compensation for Change in Law events to its subsidiary. Compensation covers increased GST and Basic Customs Duty on solar modules. ACME Solar plans to appeal against disallowed claims of Rs. 7.82 crore. The company will participate in JM Financial India Xchange 2025 Conference on November 19, 2025.
12Nov 25
ACME Solar Holdings Allocates 8.84 Lakh Shares to Employee Welfare Trust Under ESOP 2024
ACME Solar Holdings Limited has allotted 8,84,023 shares to ACME Employees Welfare Trust under its Employee Stock Option Plan (ESOP) 2024. The shares, with a face value of Rs. 2.00 each, were allotted on November 6, 2025. The total market value of the allotted shares, based on the NSE closing price of Rs. 269.10 on the allotment date, is Rs. 23,78,90,589.30. This allotment represents 0.15% of the company's equity post-allotment. The disclosure was made in compliance with SEBI regulations.
11Nov 25
ACME Solar Secures 450 MW Peak Power Project, Reports Strong Q2 Performance, and Receives AA- Rating
ACME Solar Holdings Limited has won a 450 MW-1800 MWh assured peak power project, reported a 104% year-on-year increase in Q2 revenue to INR 601 crore, and received an AA-/Stable rating for its subsidiary's bank facilities. The company's total portfolio now stands at 7,390 MW, including 13.5 GWh of BESS capacity. ACME Solar achieved interest rate reductions on existing debt and refinanced an operational project. The company's subsidiary, ACME Dhaulpur Powertech Private Limited, received an AA-/Stable rating from ICRA for its 300 MW solar power project in Rajasthan.
10Nov 25
ACME Solar Reports Strong Q2 FY26 Performance, Expands Renewable Portfolio with Battery Storage Projects
ACME Solar Holdings Limited reported impressive Q2 FY26 results with 104% YoY revenue growth to ₹601 crore and 108% YoY EBITDA growth to ₹534 crore. Net profit reached ₹115 crore with a 19% PAT margin. The company commissioned 378 MW capacity and won new projects totaling 720 MW. ACME's total portfolio now stands at 7,390 MW, including 13.50 GWh of battery storage. The company secured ₹7,000 crore financing for projects and achieved credit rating upgrades to AA-. With a focus on battery energy storage systems, ACME plans to operate 1 GWh of merchant battery storage from Q4 FY26, expecting an annual EBITDA of ₹170 crore from this operation.
06Nov 25
ACME Solar Boosts Employee Ownership with 8.84 Lakh Share Allotment
ACME Solar Holdings Limited has allotted 884,023 equity shares under its Employee Stock Option Plan (ESOP) 2024. The shares, with a face value of Rs. 2 each, were allotted to the ACME Employees Welfare Trust on November 6, 2025. This allotment has increased the company's total equity shares from 60,50,87,781 to 60,59,71,804, raising the paid-up equity share capital to Rs. 1,21,19,43,608. The move aims to enhance employee engagement, retain talent, and align employee interests with the company's long-term success.
06Nov 25
Acme Solar Holdings Unveils Ambitious FY26 Execution and Investment Plans
ACME Solar Holdings plans to commission 450MW of renewable energy capacity by FY26, with 378MW already operational and 72MW under construction. The company aims to operate 1GWh of battery energy storage systems from Q4 FY26, projecting an annual EBITDA of approximately INR170.00 crores. A significant CapEx of INR12,000.00-14,000.00 crores is allocated for FY26 to support these growth initiatives. The company has also ensured financial transparency by publishing its Q2 and H1 FY26 results in newspapers and making them accessible via QR code and weblink.
04Nov 25
ACME Solar Reports Strong Q2 FY26 Results with 108% EBITDA Growth and 28MW Wind Project Commissioning
ACME Solar Holdings Limited reported impressive Q2 FY26 results, with total revenue up 103.80% to ₹601.00 crore and net profit surging 652.10% to ₹115.00 crore year-over-year. The company's EBITDA grew 108.30% to ₹534.00 crore, with EBITDA margin improving to 88.80%. Operational performance showed significant improvement with 133.80% increase in power generation and higher capacity utilization. ACME Solar expanded its portfolio, winning new projects and partially commissioning a wind project in Gujarat. The company also secured substantial debt for projects and received credit rating upgrades.
03Nov 25
Acme Solar Surges Ahead: Q2 FY26 Sees 652% PAT Growth, Sets Ambitious 2030 Targets
ACME Solar Holdings reported impressive Q2 FY26 results with 103.80% YoY revenue growth to ₹601.00 crore and 652.10% PAT increase to ₹115.00 crore. The company's operational performance improved significantly, with power generation up 133.80%. ACME Solar announced ambitious 2030 targets, including 10 GW renewable energy capacity and 15 GWh BESS. Strategic expansions include partial commissioning of a 28 MW wind project in Gujarat and winning bids for 720 MW/2,460 MWh of solar and energy storage projects. The company secured funding for projects, refinanced existing debt, and received credit rating upgrades to AA-/Stable from CRISIL and ICRA.
31Oct 25
Acme Solar's Subsidiary Secures 25-Year Inter-State Electricity Trading License
ACME Solar Holdings' subsidiary, ACME Greentech Eighth Private Limited, has been granted a Category 'IV' trading license for inter-state electricity trading by the Central Electricity Regulatory Commission (CERC) in New Delhi. The license, valid for 25 years, allows the company to engage in electricity trading across India, potentially generating additional revenue through trading margins. The license was granted on October 30, 2025, under the Electricity Act, 2003 and CERC Regulations, 2020.
17Oct 25
ACME Solar Expands Renewable Portfolio with 28 MW Wind Power Project in Gujarat
ACME Solar Holdings Limited has commissioned the first phase of a 28 MW wind power project in Surendaranagar, Gujarat, part of a larger 100 MW capacity plan. The project, located in one of India's highest wind resource regions, uses 4 MW turbines supplied by SANY and is financed by Power Finance Corporation. It has a 25-year power purchase agreement with Gujarat Urja Vikas Nigam Limited. This addition brings ACME Solar's total operational capacity to 2,918 MW, reinforcing its position in India's renewable energy sector.
17Oct 25
ACME Solar Secures 25-Year PPA with Tata Power for 50 MW Renewable Energy Project
ACME Solar Holdings Limited has signed a 25-year Power Purchase Agreement with Tata Power Company Limited for a 50 MW Firm and Dispatchable Renewable Energy project. The agreement, signed on October 16, 2025, includes a tariff of INR 4.43 per unit, a minimum annual CUF of 40%, and 4 hours of peak-hour supply. The project will integrate solar and Battery Energy Storage System technologies. ACME Solar reports signed PPAs for 600 MW capacity this financial year, 550 MWh of standalone battery storage projects, and an operational capacity of 2,890 MW across various renewable energy solutions.
10Oct 25
ACME Solar Holdings to Boost Stake in Subsidiary to 99.66% with ₹1.5 Crore Investment
ACME Solar Holdings Limited (ASHL) plans to increase its ownership in subsidiary ACME Sigma Urja Private Limited from 49% to 99.66% through a ₹1.5 crore investment. ASHL will subscribe to 15,00,000 equity shares at ₹10 per share. The transaction, approved by necessary committees and shareholders, aligns with ASHL's commitment to renewable energy project development and funding. ACME Sigma Urja, incorporated in 2023, focuses on renewable energy generation but has not yet commenced operations.
07Oct 25
ACME Solar Secures AA-/Stable Rating, Boosting Financial Strength
CRISIL Ratings has upgraded ACME Solar Holdings Limited's (ASHL) long-term bank facilities rating to 'CRISIL AA-/Stable' from 'CRISIL A+/Positive'. The upgrade is based on ASHL's operational growth, strong execution record, improved financial performance, and robust project pipeline. ASHL's operational portfolio stands at 2.89 GWAC, with projects across 11 states and 17 counterparties. CRISIL projects ASHL's consolidated EBITDA to reach Rs. 2,000.00 crore by fiscal year 2026. The company maintains a strong liquidity profile with over Rs. 1,400.00 crore in consolidated free cash and cash equivalents.
24Sept 25
ACME Solar's 250 MW Project Secures ICRA AA-/Stable Rating Upgrade
ICRA upgrades ACME Solar Holdings' 250 MW renewable energy project rating to 'ICRA AA-/Stable' from 'ICRA A+/Stable'. The upgrade applies to ACME Aklera Power Technology Private Limited's INR 1,072.00 crore term loan facility. Factors contributing to the upgrade include strengthened credit profile, robust revenue visibility, healthy generation performance, and successful refinancing. The project benefits from a 25-year PPA with SECI, ensuring predictable cash flows. ACME Solar Holdings, with 2,890 MW operational capacity, is a leading integrated renewable energy player in India.
23Sept 25
ACME Solar Secures Rs 1,100 Crore SBI Refinancing for 300 MW Rajasthan Project
ACME Solar Holdings Limited has obtained Rs 1,100 crore in refinancing from the State Bank of India for its subsidiary's 300 MW renewable energy project in Rajasthan. The deal, with a tenure of approximately 17 years, reduces financing costs by about 100 basis points. The project, operational for about 6 months, maintains optimum capacity utilization factor levels and has a CRISIL AA- rating. This refinancing aligns with ACME Solar's strategy to optimize its financial structure and enhance its credit profile. ACME Solar currently has an operational capacity of 2,890 MW across solar, wind, storage, and hybrid solutions.
14Sept 25
ACME Solar Holdings Terminates Acquisition of AK Renewable Infra
ACME Solar Holdings Limited has terminated its share purchase agreement (SPA) for the acquisition of AK Renewable Infra Private Limited. The agreement, originally executed on September 5, 2025, was mutually terminated on September 13, 2025. The company informed stock exchanges about this development through a regulatory filing on September 14, 2025, stating that both parties agreed not to proceed with the transaction after discussions.
11Sept 25
ACME Solar Secures ₹3,892 Crore Funding from SBI for 400 MW Solar Project
ACME Solar Holdings Limited's subsidiary, ACME Venus Urja Private Limited, has obtained ₹3,892 crore in project funding from the State Bank of India (SBI) for a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The project combines solar power generation with Battery Energy Storage System (BESS) technology. It has a 19-year repayment period and a Power Purchase Agreement with NHPC at ₹4.64/Unit. This marks ACME Solar's largest financing from SBI and SBI's first financing for ACME's FDRE projects.
10Sept 25
ACME Solar Refutes Media Reports on Grid Connectivity Revocation
ACME Solar Holdings has issued a clarification stating that none of its projects have had their grid connectivity revoked, contrary to recent media reports. The company was responding to a Reuters article suggesting that India had cancelled grid access for nearly 17 GW of delayed clean energy projects. ACME Solar emphasized that it has not received any information about revocation or cancellation from the Central Transmission Utility of India Limited (CTUIL). The company affirmed its commitment to regulatory compliance and regular disclosure submissions to Stock Exchanges.
08Sept 25
Acme Solar Boosts Energy Storage Capacity with 2 GWh Battery System Order
ACME Solar Holdings has placed an order for a 2 GWh Battery Energy Storage System (BESS) through Posco International Corporation, to be supplied by Chuzhou Lishen New Energy Technology Co., Ltd. The system will be delivered over 6-10 months and deployed across ACME's Firm & Dispatchable Renewable Energy projects. This order brings ACME's total BESS procurement to over 5 GWh, following a previous 3.1 GWh order in July. The move aims to mitigate project risks and accelerate delivery timelines, reinforcing ACME's position in the renewable energy sector.
06Sept 25
ACME Solar Expands Renewable Energy Portfolio with INR 79.25 Crore Acquisition
ACME Solar Holdings Limited has approved the acquisition of AK Renewable Infra Private Limited for an enterprise value of INR 79.25 crore. This strategic move secures development rights for a 300 MW capacity project in Rajasthan, including land, connectivity, and necessary approvals. The acquisition aims to enhance ACME Solar's project pipeline, accelerate execution, and expand its presence in renewable energy park development. AK Renewable Infra will become a wholly-owned subsidiary of ACME Solar upon completion of the deal, expected within five business days of the Share Purchase Agreement execution.
02Sept 25
ACME Solar Exits 300 MW Solar Project Under Flexibility Scheme Without Penalties
ACME Solar Holdings has received approval to withdraw from a 300 MW solar project without facing penalties. The project, awarded on February 6, 2024, under the Flexibility Scheme with a tariff of INR 2.53 per kWh, was to be developed through ACME Sigma Urja Private Limited. Recent changes in the Flexibility Scheme, including a voluntary participation order and an ongoing legal challenge, led to this development. PFC Consulting Limited confirmed that successful bidders could exit without penalties. ACME Solar stated that the exit would have no material impact on its current financial performance or profitability as the project was not generating revenue.
27Aug 25
ACME Solar Holdings Secures Approval for Massive 3,000 Crore Fundraise
ACME Solar Holdings' Board of Directors has approved a proposal to raise up to Rs 3,000 crore through various securities issuance methods. The fundraising will be conducted in one or more tranches using methods such as QIP, FPO, or private placement. Shareholder approval will be sought at the upcoming AGM on September 29, 2025. The company also appointed M/s A Prasad & Associates as Joint Statutory Auditors and M/s DMK Associates as Secretarial Auditors. Mr. Shashi Shekhar has been re-appointed as Vice-Chairman and Whole-Time Director for an additional year.
23Aug 25
ACME Solar Holdings to Consider Equity Fundraising in Upcoming Board Meeting
ACME Solar Holdings Limited has announced a board meeting for August 27, 2025, to consider a fundraising proposal through equity instruments. The board will evaluate options including Qualified Institutions Placement (QIP), Further Public Offer (FPO), and Private Placement. The proposal aims to raise funds by issuing equity shares or equity-linked instruments, subject to regulatory and shareholder approvals. The company plans to convene an Annual General Meeting (AGM) for shareholder approval. This move could indicate ACME Solar's intentions for expansion or strengthening its financial position in the growing renewable energy sector.
13Aug 25
ACME Solar Secures INR 3,184 Crore Funding from REC Ltd for 280MW Renewable Energy Project
ACME Solar's subsidiary, ACME Hybrid Urja Private Limited, has secured INR 3,184 crore in long-term project financing from REC Limited for a 280 MW Firm & Dispatchable Renewable Energy (FDRE) Project. The project combines solar and Battery Energy Storage System technologies, ensuring higher predictability and dispatchability of renewable energy. A 25-year Power Purchase Agreement has been signed with NHPC at INR 4.64 per unit. This marks REC's third financing for ACME Solar's FDRE projects, highlighting lender confidence in the company's capabilities. ACME Solar, a top 10 renewable energy producer in India, has 2,890 MW operational capacity and 4,080 MW under construction.
08Aug 25
ACME Solar Revamps Leadership with Three New Executives Amid High-Level Departures
ACME Solar Holdings Limited has made significant changes to its senior management team. Three new appointments have been made: Sarthak Sengupta as VP-Procurement, Pankaj Bhandula as EVP-Land, and Harjinder Kamboj as VP-Quality, all effective from August 18, 2025. These experienced professionals bring decades of expertise in their respective fields. Simultaneously, two senior executives, Manish Jha (COO, Renewable Business) and Dinesh Chadha (President, Renewable Energy), have resigned citing personal reasons. The company will interact with investors at the Emkay Confluence event on August 13, 2025, in Mumbai.
01Aug 25
ACME Solar Reports 72% Revenue Surge in Q1 FY26, Commissions 350 MW Including First Wind Project
ACME Solar Holdings Limited reported robust Q1 FY26 results, with revenue up 72% to INR 584.00 crores and EBITDA rising 76% to INR 531.00 crores. The company commissioned 350 MW of new projects, including its first wind project, expanding its operational portfolio to 2,890 MW. Strategic developments include securing a 550 MWh battery storage project and signing PPAs for 550 MW of FDRE and solar projects. ACME Solar maintains a strong financial position with a net operational debt to EBITDA ratio of 4.2x and plans a capex of INR 12,000-14,000 crores for the current fiscal year.
30Jul 25
ACME Solar Shares Surge 7% on Massive 9,319% Profit Jump in Q1
ACME Solar Holdings reported a 9,319% year-on-year increase in consolidated net profit, reaching Rs 131.00 crore for the June quarter. Revenue grew by 71.80% year-on-year. The company commissioned 350 MW of new projects, including its first wind project, bringing total operational capacity to 2,890 MW. EBITDA increased by 76.00% to Rs 531.00 crore, with EBITDA margin expanding to 90.90%. ACME Solar secured a 550 MWh battery energy storage project, signed PPAs for 250 MW capacity, refinanced Rs 1,072.00 crore of debt, and received credit rating upgrades.
28Jul 25
Acme Solar Holdings Shines with Stellar Q1 Performance
ACME Solar Holdings Limited reported exceptional Q1 financial results. Net profit soared to ₹1.30 billion from ₹0.14 billion year-over-year. Revenue increased by 37.84% to ₹5.10 billion. EBITDA rose to ₹4.60 billion with an improved margin of 90.20%. The company's strong performance reflects its operational efficiency and the growing demand for solar energy solutions.
25Jul 25
ACME Solar Reports Strong Q1 FY26 Performance with 76% EBITDA Growth
ACME Solar Holdings Limited reported robust Q1 FY26 results. Total revenue increased by 71.80% to INR 584.00 crore, EBITDA grew by 75.70% to INR 531.00 crore, and PAT surged to INR 131.00 crore. The company commissioned 350 MW of new projects, reaching a total operational capacity of 2,890 MW. ACME secured 550 MWh of standalone Battery Energy Storage System projects and signed PPAs for 550 MW of new capacity. The company also refinanced INR 1,072.00 crore of debt, reducing interest costs.
25Jul 25
ACME Solar Reports 131-Fold Profit Surge, Targets 10 GW Power Generation by 2030
ACME Solar Holdings Limited reported a significant increase in quarterly profit, with consolidated net profit rising to ₹131.00 crore from ₹1.00 crore year-over-year. Total revenue increased by 71.8% to ₹584.00 crore, while EBITDA grew 75.7% to ₹531.00 crore. The company's operational capacity expanded to 2,890 MW, with power generation increasing by 107.1%. ACME Solar aims to achieve 10 GW of power generation capacity and 15 GWh of storage by 2030. The company also secured new projects, refinanced debt, and received credit rating upgrades.
25Jul 25
CRISIL Assigns 'AA-/Stable' Rating to ACME Solar's Rs 2,086 Crore Bank Facilities for Rajasthan Projects
CRISIL Ratings assigned 'CRISIL AA-/Stable' rating to Rs 2,086 crore long-term bank facilities for two ACME Solar Holdings Limited subsidiaries. The rating covers 600 MW renewable energy projects in Rajasthan. Key strengths include robust revenue visibility, strong financials, solid debt servicing capability, and secure cash flow. Both projects, supported by 25-year PPAs with SECI, are performing above predicted generation levels. This rating is part of ACME Solar's broader success, with all four Fatehgarh, Rajasthan assets securing 'AA' family ratings within six months of operations.
22Jul 25
ACME Solar Holdings Schedules Q1 FY26 Earnings Call for July 28, 2025
ACME Solar Holdings Limited has scheduled an earnings call for July 28, 2025, at 11:00 AM IST to discuss its Q1 FY 2025-26 financial results. The company's senior management will present the results and engage with analysts and institutional investors. Participants can pre-register or use provided universal access and international toll-free numbers to join the call. All call information is available on the company's website.
07Jul 25
Acme Solar Secures Massive 3.1 GWh Battery Storage Equipment Order in India
ACME Solar Holdings, a major player in renewable energy, has ordered 3.1 GWh of battery energy storage equipment in India. This significant investment aims to expand the company's presence in the energy storage market and contribute to India's renewable energy infrastructure. The order is expected to address intermittency challenges in renewable energy, improve grid stability, and support India's clean energy transition. This move positions ACME Solar Holdings as a key player in India's evolving energy storage landscape and may encourage further investments in the sector.
07Jul 25
ACME Solar Holdings Secures Massive 3.1 GWh Battery Storage Equipment Order
ACME Solar Holdings has placed an order for 3.1 GWh of Battery Energy Storage System (BESS) equipment from suppliers Zhejiang Narada and Trina Energy. The equipment will be delivered over the next 4-8 months and is expected to accelerate project timelines, enhance revenue realization, and strengthen ACME Solar's market position in India's renewable energy sector.
01Jul 25
ACME Solar Secures ₹500 Crore BESS Projects in Andhra Pradesh, Expects ₹60-70 Crore Annual Revenue
ACME Solar Holdings has secured two significant Battery Energy Storage System (BESS) contracts in Andhra Pradesh. The projects include a 50 MW/100 MWh Kuppam Project and a 225 MW/450 MWh Ghani Project, with monthly tariffs of ₹2.10 lakh and ₹2.22 lakh per MW respectively. The company is investing ₹500 crore in these projects, aiming to complete them within 18 months. The contracts are expected to generate an annual revenue of ₹60-70 crore with a projected Return on Capital Employed (ROCE) of 14-15%.
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