ACME Solar Holdings Ltd

ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 7 May 2026.

The company said its cumulative operational BESS capacity now stands at 591.18 MW / 2,031.24 MWh across subsidiaries in the state. The projects are aimed at improving grid stability by storing power during off-peak periods and supplying it during peak demand. The company plans to scale up its BESS capacity to 10 GWh by 2027. ACME Solar has a total portfolio of 8,071 MW across solar, wind, storage and hybrid projects, with 2,990 MW operational and 5,081 MW under construction. 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. Earlier this month, a foreign brokerage initiated coverage on ACME Solar Holdings with a 'Buy' rating and a target price of Rs 350. The brokerage said the company is well placed to benefit from a strong project pipeline, ongoing capacity expansion and improving earnings visibility as execution picks up. It also cited supportive policy measures and rising solar auction activity as key growth drivers, adding that the current valuation does not fully reflect the company's growth prospects or improving financial profile.

ACME Solar Holdings (ACME Solar) has cumulatively operationalized more than 2 GWh BESS capacity in Rajasthan. The company is among the first Indian renewable energy companies to achieve this scale of energy storage deployment. With this, the company's total operational BESS capacity cumulatively stands at 591.18 MW / 2031.24 MWh across various subsidiaries in Rajasthan. Overall, the company plans to operationalise 10 GWh of BESS by 2027. 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 (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