News

ACME Solar Holdings Limited appointed M/s. BSR & Co. LLP as Joint Statutory Auditors, replacing M/s Walker Chandiok & Co. LLP, for a five-year term subject to shareholder approval at the 11th Annual General Meeting. The company also seeks shareholder approval to alter its Memorandum of Association to include businesses related to electricity, power, energy, and data centers, and recommended the re-appointment of Mr. Nikhil Dhingra as a director liable to retire by rotation. The 11th Annual General Meeting is scheduled for September 29, 2026, with remote e-voting available from September 26 to September 28, 2026.

Net profit of ACME Solar Holdings rose 79.87% to Rs 235.33 crore in the quarter ended June 2026 as against Rs 130.83 crore during the previous quarter ended June 2025. Sales rose 67.81% to Rs 857.48 crore in the quarter ended June 2026 as against Rs 510.98 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales857.48510.98 68 OPM %85.6389.59 - PBDT486.26297.85 63 PBT331.46190.30 74 NP235.33130.83 80 Powered by Capital Market - Live News

ACME Solar Holdings (ACME Solar) has secured Rs 3,404.57 crore long-term project funding for its ACME Urja One (Phase - III) 250 MW FDRE project from Power Finance Corporation (PFC) for the development & construction of the project. PFC will serve as the sole financer for this project with a repayment tenor of 19 years. The current funding milestone takes the overall project funding raised by the company during this fiscal to Rs 6,051 crore. The PPA for this project was signed with NHPC for a period of 25 years at a tariff of Rs 4.33/unit. The tariff is already approved and adopted by Central and State Regulator. The ACME Urja One (Phase-III) FDRE project combines multiple renewable energy technologies including Solar, Wind and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. It spans across Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat with necessary land and connectivity already in place. The development of this project is progressing on schedule and is expected to be commissioned next year.

ACME Solar Holdings, through its subsidiary ACME Renewtech Fifth Private, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for a 300 MW ISTS-connected Wind-Solar Hybrid Renewable Energy Project. The tariff is already approved and adopted by Central and State Regulator. The Hybrid RE Project will be connected to ISTS substations and will utilize company`s already secured connectivity at high-irradiation and wind zones. Under the PPA, ACME Solar will supply power at a minimum annual capacity utilization factor (CUF) of 30%. With this, out of the total contracted portfolio of 8,070 MW, the PPA-signed portfolio stands at 6,870 MW.

ACME Solar has secured Rs 2,646.64 crore long term project funding for its ACME Greentech Seventh 450MW/1800MWh Assured Peak Power Project from REC. The company will deploy these funds for the development & construction of this project. REC will serve as the sole financer for this project for 20 years. The PPA for this project was signed with SJVN at a tariff of INR 6.74/unit for a period of 25 years. The ACME Greentech Seventh Assured Peak Power Project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability.