ACME Solar Holdings Ltd

ACME Solar Holdings through its wholly-owned subsidiary, ACME Platinum Urja, has signed a 25-year Power Purchase Agreement (PPA) with SECI for its 200 MW Solar with 100 MW/400 MWh ESS project at a tariff of INR 3.42 per unit. The PPA was signed on 24 November 2025 post adoption of tariff by Central Regulator and power procurement approval by State Regulator. SECI had awarded the Letter of Award to ACME Solar for a cumulative capacity of 350 MW in July 2024, out of which the Company had already signed a PPA for 150 MW in October 2024. The current milestones brings the project's full capacity under PPA. Under the project, ACME Solar is required to supply power with annual Capacity Utilization Factor (CUF) of 25%-27% during solar hours, and ensure minimum availability of 70% on a monthly basis and 85% on an annual basis during the evening peak hours. The project is scheduled to be commissioned by June 2027. Project timeline will benefit from final grant of connectivity already available for this project with Acme Solar. Following this milestone, ACME Solar has cumulatively signed PPAs of 800 MW contracted capacity which include BESS capacity of 2,320 MWh in the current financial year. This brings ACME Solar's overall PPA signed capacity to 5,380 MW. Powered by Capital Market - Live

According to the company's exchange filing, the PPA covers a 200 MW solar project integrated with a 100 MW/400 MWh energy storage system (ESS) at a tariff of Rs 3.42 per unit. The agreement was finalized on 24 November 2025, following tariff adoption by the Central Regulator and power procurement approval by the State Regulator. SECI had earlier awarded ACME Solar a Letter of Award for 350 MW in July 2024. The company had already signed a PPA for 150 MW in October 2024, and with the latest agreement, the entire 350 MW capacity is now tied under PPA. Under the contract, ACME Solar must deliver power with an annual Capacity Utilization Factor (CUF) of 25%'27% during solar hours while maintaining minimum availability of 70% monthly and 85% annually during evening peak hours. The project is expected to be commissioned by June 2027, aided by the availability of the final connectivity grant. With this milestone, ACME Solar has signed PPAs totaling 800 MW of contracted capacity, including 2,320 MWh of battery energy storage, in the current financial year. This increases the company's cumulative PPA-backed capacity to 5,380 MW. 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 115.06 crore in Q2 FY26, up 652.51% as against Rs 15.29 crore in Q2 FY25. Revenue from operations jumped 80.18% YoY to Rs 467.74 crore in Q1 September 2025. Powered by Capital Market - Live

The company's winning bid stood at Rs 4.35 per unit. The bid is aimed at the procurement of power by the Indian Railways, which requires a consistent power profile throughout the day due to its unique load requirements. Under the tender, the Railways will enter into a direct Power Purchase Agreement (PPA) with the winning bidders, eliminating intermediaries. The tariff discovered in the auction highlights the competitiveness of renewable energy in providing high CUF power around the clock through co-located solar, wind, and battery solutions at competitive prices. As per the tender, ACME Solar will supply renewable energy complemented with dispatchable sources and/or Energy Storage Systems (ESS) from ISTS-connected projects to ensure firm, round-the-clock clean power. The project requires a minimum annual availability of 75% for the first three years from commissioning, increasing to 85% thereafter. Achieving this will involve optimal deployment of solar, battery, and complementary wind power. ACME Solar is expected to commission the project within 30 months of signing the PPA, leveraging available land and connectivity within its existing 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 115.06 crore in Q2 FY26, up 652.51% as against Rs 15.29 crore in Q2 FY25. Revenue from operations jumped 80.18% YoY to Rs 467.74 crore in Q1 September 2025. Shares of ACME Solar Holdings shed 0.99% to Rs 235.65 on the BSE. Powered by Capital Market - Live

ACME Solar Holdings (ACME Solar) has emerged as the winning bidder for 130 MW under e-Reverse auction conducted by REMC's 1000 MW Round-the-Clock (RTC) Renewable Energy project tender. The company's winning bid was Rs 4.35 per unit . The letter of award is expected to be awarded within the timelines prescribed in the tender document. This bid is for procurement of power by end user, i.e. Indian Railways, which requires consistent power profile throughout the day due to its unique load requirements. The Railways will enter into a direct Power Purchase Agreement (PPA) with the winning bidders without any intermediary. This bid and tariff discovered demonstrates the competitiveness of renewable energy to provide high CUF power throughout the day by co-locating Solar/wind and battery at most competitive price.  As part of this winning bid, ACME Solar will be required to supply renewable energy complemented with dispatchable sources and/or Energy Storage Systems (ESS) from ISTS connected projects to ensure firm, round-the-clock clean power, in line with the obligations laid out in the tender document. It mandates a minimum annual availability of 75% for the first three contractual years from commissioning and 85% thereafter. This will necessitate a multiplier of contracted capacity of solar and battery installation with optimal amount of complementary wind power as and when required. ACME Solar will commission this project within 30 months of signing the PPA. This commissioning will be expedited by availability of land and connectivity available within the ACME portfolio.  Powered by Capital Market - Live

With this phase, the project's operational capacity now stands at 44 MW, contributing to ACME Solar's overall operational portfolio rising to 2,934 MW. Officials from the Gujarat Energy Development Agency (GEDA) and Paschim Gujarat Vij Company (PGVCL) witnessed and confirmed the commissioning. The formal certificate is expected to be issued shortly. The remaining capacity will be commissioned in phases. The company recently received an extension to the project's Scheduled Commercial Operation Date (SCOD) from the Gujarat Electricity Regulatory Commission (GERC) after Force Majeure events under the power purchase agreement (PPA) were recognised. The revised SCOD is now 5 March 2026. ACME Solar has already achieved early commissioning for the first two phases with a cumulative 44 MW. The wind project is financed by the Power Finance Corporation (PFC) and constructed through ACME's in-house EPC team, using SANY 4 MW turbines. Power generated from the project will be supplied under a 25-year PPA between ACME Eco Clean and Gujarat Urja Vikas Nigam (GUVNL). 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 115.06 crore in Q2 FY26, up 652.51% as against Rs 15.29 crore in Q2 FY25. Revenue from operations jumped 80.18% YoY to Rs 467.74 crore in Q1 September 2025. Shares of ACME Solar Holdings rose 0.53% to Rs 244.35 on the BSE. Powered by Capital Market - Live

ACME Solar Holdings has commissioned additional 16 MW of 100 MW wind power project located at Surendaranagar, Gujarat. This follows the first phase commissioning of 28MW in October 2025. The current commissioning takes the project's operational capacity to 44 MW out of 100 MW to be commissioned in phases. The company's total operational capacity has increased to 2,934 MW. Powered by Capital Market - Live

ACME Eco Clean Energy, a subsidiary of ACME Solar Holdings, has commissioned the second phase of 16 MW out of 100 MW wind power project at Village: Titoda, Taluka: Sayla, Dist: Surendaranagar, Gujarat. The commissioning has been witnessed and confirmed by Gujarat Energy Development Agency (GEDA) and Paschim Gujarat Vij Company Limited (PGVCL) officials, and the formal certificate is expected to be issued shortly. With this, ACME Eco Clean Energy has achieved a commissioned capacity of 44 MW out of 100 MW. Powered by Capital Market - Live

ACME Solar Holdings subsidiary - ACME Aklera Power Technology has secured an award of Rs 47.40 crore as change in law compensation by the Rajasthan Electricity Regulatory Commission (RERC). As a result of the ruling, the 250 MW solar project contracted with SECI is expected to benefit with an additional revenue of ~3.5% for a period of 15 years. The case sets a precedent for regulatory certainty and project development cost stability in the renewable energy industry. The awarded compensation includes compensation towards imposition of basic customs duty on solar cells and modules, increase in GST from 5% to 12% and carrying cost. The total amount is to be received through an annuity mechanism at a discount rate of 9% over a period of 15 years, ensuring fair recovery of unforeseen regulatory cost increases and protecting project economics. Powered by Capital Market - Live

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