ACME Solar Holdings Ltd

ACME Solar Holdings (ASHL), through its wholly owned subsidiary i.e. ACME Surya Power, has commissioned the fourth phase of 32.366 MW / 145.435 MWh capacity of Battery Energy Storage System (BESS) Project located at Village: Jaimalsar, Dist: Bikaner, State: Rajasthan, on 13 April 2026. The Commercial operation date (COD) for the stated phase-IV shall be 15 April 2026. With this, ACME Surya Power has achieved a commissioned capacity of 13 .50 MW / 626.875 MWh.

The brokerage expects the company to benefit from a strong project pipeline, steady capacity expansion and improving earnings visibility as execution accelerates. It also highlighted supportive policy measures and increasing solar auction activity as key growth drivers. The brokerage added that the stock's current valuation does not fully reflect the company's growth potential or strengthening financial profile. ACME Solar Holdings is an integrated renewable energy company with a diversified portfolio of over 8,000 MW across solar, wind, hybrid and storage solutions. Backed by in-house EPC and O&M capabilities, the company executes projects end-to-end, enabling timely delivery, cost efficiency and strong operating performance. The company's consolidated net profit rose 1.47% to Rs 113.71 crore on a 42.3% jump in net sales to Rs 496.62 crore in Q3 FY26 over Q3 FY25.

The newly commissioned Phase V has a capacity of 33.334 MW / 160.48 MWh and is part of the company's total planned capacity of 300 MW / 1,409.34 MWh. The project is located at Badi Sid village in Tehsil Bap, spanning the districts of Phalodi and Jodhpur. The company said the commercial operation date (COD) for Phase V is scheduled for 8 April 2026. With this development, ACME Sun Power has commissioned a total capacity of 166.670 MW / 802.460 MWh out of the overall planned capacity. ACME Solar Holdings is an integrated renewable energy player with a diversified portfolio of 8,071 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,978 MW and ~1.0 GWh of BESS capacity and under construction contracted capacity of 5,093 MW including ~16 GWh of BESS installation. The under construction PPA-signed portfolio stands at 3,292 MW. The company's consolidated net profit rose 1.5% to Rs 113.71 crore on a 42.3% jump in net sales to Rs 496.62 crore in Q3 FY26 over Q3 FY25. The counter rose 0.12% to Rs 281 on the BSE.

ACME Solar Holdings announced that ICRA has reaffirmed/ assigned the rating ICRA AA-; Stable for debt facilities aggregating Rs 2,500 crore.

The capacity addition has been executed through its subsidiary, ACME Eco Clean Energy, at Surendranagar district. With this, the total commissioned capacity at the project has reached 92 MW out of the planned 100 MW. The commissioning has been verified by officials from Gujarat Energy Development Agency and Paschim Gujarat Vij Company, with formal certification expected shortly. The latest milestone reflects steady progress in the project's execution and strengthens ACME Solar's renewable energy portfolio, as the company moves closer to fully operationalising the 100 MW wind project. Earlier on 24 March 2026, the company said it commissioned the second phase of 35.7 MW battery energy storage capacity at its project in Jaimalsar, Bikaner, Rajasthan, taking the total commissioned capacity of that project to 95.7 MW out of 250 MW. On the same day, the company also operationalised an additional 155 MW of battery energy storage systems in Rajasthan, pushing its overall commissioned BESS capacity to nearly 298 MW, part of a larger pipeline exceeding 800 MW. ACME Solar Holdings is a integrated renewable energy player with a diversified portfolio of 8,071 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,978 MW and ~1.0 GWh of BESS capacity and under construction contracted capacity of 5,093 MW including ~16 GWh of BESS installation. The under construction PPA signed portfolio stands at 3,292 MW. The company's consolidated net profit rose 1.5% to Rs 113.71 crore on a 42.3% jump in net sales to Rs 496.62 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live

With this latest addition, the company's total commissioned BESS capacity has reached 297.67 MW / 951.74 MWh, out of a planned portfolio of 835 MW / 3,114.64 MWh across multiple special purpose vehicles (SPVs). The newly commissioned projects are located in Rajasthan and are connected to the existing Inter-State Transmission System (ISTS). These assets will operate on a merchant basis, enabling the company to generate additional revenue by leveraging price differences between peak and non-peak power demand periods. These BESS projects are designed to enhance grid reliability and optimise power utilisation by charging batteries during non-peak demand periods and discharging during peak demand periods. This capability will play a critical role in balancing energy supply and demand while improving the overall grid stability. ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid, and Firm and Dispatchable Renewable Energy (FDRE) projects. The company's consolidated net profit rose 1.5% to Rs 113.71 crore on a 42.3% jump in net sales to Rs 496.62 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live

ACME Solar Holdings, through its various subsidiaries, has commissioned additional 155 MW / 470.25 MWh of Battery Energy Storage System (BESS). With this milestone, the company's total commissioned BESS capacity stands at 297.67 MW / 951.74 MWh, out of total planned BESS capacity of 835 MW / 3,114.64 MWh across these SPVs. Powered by Capital Market - Live

Multi Commodity Exchange of India Ltd, Petronet LNG Ltd, Tata Teleservices (Maharashtra) Ltd and Safari Industries (India) Ltd are among the other losers in the BSE's 'A' group today, 20 March 2026.ACME Solar Holdings Ltd lost 5.70% to Rs 246.65 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 91238 shares were traded on the counter so far as against the average daily volumes of 85844 shares in the past one month.Multi Commodity Exchange of India Ltd crashed 4.88% to Rs 2405.55. The stock was the second biggest loser in 'A' group.On the BSE, 1.71 lakh shares were traded on the counter so far as against the average daily volumes of 2.57 lakh shares in the past one month.Petronet LNG Ltd tumbled 4.73% to Rs 258.55. The stock was the third biggest loser in 'A' group.On the BSE, 3.99 lakh shares were traded on the counter so far as against the average daily volumes of 1.96 lakh shares in the past one month.Tata Teleservices (Maharashtra) Ltd pared 4.32% to Rs 36.29. The stock was the fourth biggest loser in 'A' group.On the BSE, 3.97 lakh shares were traded on the counter so far as against the average daily volumes of 2.86 lakh shares in the past one month.Safari Industries (India) Ltd shed 4.21% to Rs 1529.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 3114 shares were traded on the counter so far as against the average daily volumes of 16264 shares in the past one month.Powered by Capital Market - Live

The commercial operation date (COD) for Phase II is March 14, 2026. With this, ACME Sun Power has a total commissioned capacity of 66.67 MW / 320.99 MWh out of the planned 300 MW / 1,409.34 MWh. In a separate filing, the company said that through its various subsidiaries, ACME Solar has commissioned 142.67 MW / 481.49 MWh of BESS in Phase I out of a total planned capacity of 585 MW / 2,011.24 MWh under its SPVs. The company's portfolio targets about 17 GWh of BESS installations across multiple phases and states. The Rajasthan BESS units are connected to the operational Inter-State Transmission System (ISTS) and will operate on a short-term merchant basis, generating additional revenue through price differentials between peak and non-peak hours. They will eventually integrate with respective FDRE projects under 25-year PPAs. The systems are designed to enhance grid reliability and optimize power utilization by charging during non-peak periods and discharging during peak demand. This capability helps balance energy supply and demand and strengthens overall grid stability. ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid, and Firm and Dispatchable Renewable Energy (FDRE) projects. The company's consolidated net profit rose 1.5% to Rs 113.71 crore on a 42.3% jump in net sales to Rs 496.62 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live

ACME Solar Holdings through its various subsidiaries has commissioned 142.67 MW / 481.49 MWh of Battery Energy Storage System (BESS) in phase-1 out of its total planned BESS capacity of 585 MW / 2011.24 MWh under these SPVs. Overall, Company's current portfolio requires installation of ~17 GWh of BESS in multiple phases across different states. Located in the state of Rajasthan, these BESS are connected with existing operational Inter-State Transmission System (ISTS) and will run on merchant basis on short term basis, generating additional revenue stream through price differential between peak and non-peak demand hours. Eventually they will be integrated with respective FDRE projects, which will then continue under the PPA for 25 years. These are designed to enhance grid reliability and optimise power utilisation by charging batteries during non-peak demand periods and discharging during peak demand periods. This capability will play a critical role in balancing energy supply and demand while improving the overall grid stability. Powered by Capital Market - Live