ACME Solar Holdings Ltd

ACME Solar Holdings has been awarded a 450 MW - 1800 MWh assured peak power SJVN FDRE-IV project on 10 November 2025 at a tariff of INR 6.75/unit for 25 years. The tender was issued under Tariff-Based Competitive Bidding (TBCB) guidelines for which an e-reverse auction was held on 09 October 2025 and LoA was received on 10 November 2025. The project requires supplying power of only 4 MWh per MW of capacity during any four-hour period each day within the peak demand window with 90% availability on monthly basis. The project would integrate Solar of 300 MW and Battery Energy Storage System (BESS) technology of approximately 1800 MWh to meet the supply requirements. Notably, the project is amongst the few that focus specifically on peak power supply, with objective of supporting grid stability and managing critical peak demand. This project will utilize night-time connectivity available with ACME Solar at high irradiation zones in Rajasthan. This will be ACME Solar's first project to use Indian made solar cells (under ALMM List-II). Powered by Capital Market - Live

Net profit of ACME Solar Holdings rose 652.09% to Rs 115.07 crore in the quarter ended September 2025 as against Rs 15.30 crore during the previous quarter ended September 2024. Sales rose 80.13% to Rs 467.59 crore in the quarter ended September 2025 as against Rs 259.59 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales467.59259.59 80 OPM %85.5985.05 - PBDT269.3178.02 245 PBT151.9318.15 737 NP115.0715.30 652 Powered by Capital Market - Live

ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 3 November 2025.Powered by Capital Market - Live

ACME Solar Holdings has received upgrade in credit ratings as under: Total bank loan facilities - Rs 1000 crore (enhanced from Rs 350 crore) Long term rating - Crisil AA-/Stable (Upgrade from 'Crisil A+/Positive') Powered by Capital Market - Live

ACME Solar Holdings announced that ICRA has assigned the credit rating ICRA AA-; Stable to the company's long term non fund based - others (instrument) of Rs 1,000 crore. Powered by Capital Market - Live

The refinancing move is expected to reduce the project's financing cost by approximately 100 basis points. The subsidiary, which holds a CRISIL AA- rating, will benefit from a long-term loan tenure of around 17 years. The Rajasthan-based solar project has been operational for about six months and has consistently maintained optimum capacity utilization factor (CUF) levels, reflecting strong performance and operational stability. This refinancing initiative aligns with ACME Solar's broader strategy to optimize financing costs across its growing portfolio and to enhance its overall credit profile. The company has made significant strides in improving project-level credit ratings, demonstrating a robust commitment to financial discipline and operational efficiency. Commenting on the development, an ACME Solar spokesperson said, 'The reduced cost of debt will enable us to further strengthen our financial position as we aggressively pursue capacity expansion in the coming years.' ACME Solar continues to focus on sustainable growth by leveraging lower financing costs and maintaining strong project execution standards. The company's efforts are aimed at securing rating upgrades and ensuring long-term financial stability across its portfolio. 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 stood at Rs 130.83 crore in Q1 FY26, steely higher than Rs 1.39 crore in Q1 FY25. Revenue from operations jumped 65% YoY to Rs 510.98 crore in Q1 June 2025. Powered by Capital Market - Live

ACME Solar Holdings has secured domestic funding of Rs 1,000 crore for its subsidiary rated CRISIL AA- to refinance the existing debt and reduce financing cost by around 100 bps for its 300 MW renewable energy project in Rajasthan. This project has an operational track record of about 6 months and consistently maintaining optimum CUF levels. The refinancing has been secured from State Bank of India for a tenure of approximately 17 years. Powered by Capital Market - Live

The funds will be used for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project located in Barmer, Rajasthan. The repayment of the loan will be spread over 19 years. The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64/unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure greater reliability and dispatchability, in line with the requirements of the power purchase agreement (PPA). 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 stood at Rs 130.83 crore in Q1 FY26, steely higher than Rs 1.39 crore in Q1 FY25. Revenue from operations jumped 65% YoY to Rs 510.98 crore in Q1 June 2025. Powered by Capital Market - Live

ACME Venus Urja, a wholly owned subsidiary of ACME Solar Holdings has secured long term project funding of Rs 3,892 crore from State Bank of India (SBI) for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project with repayment spread across 19 years. The funding is significant as it represents the company's largest financing from SBI and also, represents SBI's first financing in ACME's FDRE projects. The project is being developed in Barmer, Rajasthan and is contracted with NHPC at a tariff of INR 4.64/Unit. The project would entail installing solar and Battery Energy Storage System (BESS) to meet the supply obligations and ensure higher dispatchability as per the PPA conditions. Powered by Capital Market - Live

ACME Solar has placed an order for 2 GWh of battery energy storage system (BESS) with leading global energy supplier Chuzhou Lishen New Energy Technology Co. The order was made through POSCO International Corporation and China FAW Group Import and Export Co, the company said in a filing today. The order will be delivered in phases over the next 6 to 10 months and will be used in ACME Solar's Firm & Dispatchable Renewable Energy (FDRE) and standalone BESS projects, which are planned to be commissioned within the next 12 to 18 months, it added. Nikhil Dhingra, CEO, ACME Solar, 'With this latest order, ACME Solar's cumulative BESS procurement surpasses 5 GWh, following a previous order of 3.1 GWh BESS placed in July 2025. This strategic purchase will ensure timely availability of BESS system, playing a key role in de-risking project commissioning timelines & accelerating overall project delivery.' Jason Lee, director, Posco International said, This is the big step forward for us to Indian market which is the most promising BESS market in the world. With this opportunity we will diversify our partnership with the market leading enterprise, ACME, and enlarge our biz activities in India.' Lu TianJun, general manager, Lishen adds, Based on this agreement, our company will further contribute to the expansion of energy e3iciency initiatives in the Indian market and establish a stronger foundation for long-term growth. 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 stood at Rs 130.83 crore in Q1 FY26, steely higher than Rs 1.39 crore in Q1 FY25. Revenue from operations jumped 65% YoY to Rs 510.98 crore in Q1 June 2025. Powered by Capital Market - Live