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ACME Solar Secures 25-Year Deal to Supply 300 MW Peak Power
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CNBC TV18•16-10-2026, 21:46
ACME Solar Secures 25-Year Deal to Supply 300 MW Peak Power
- •ACME Solar Holdings signed a 25-year agreement with Solar Energy Corporation of India to supply 300 megawatts of peak power starting April 2028.
- •The power purchase agreement was secured under the ninth tranche of the Firm and Dispatchable Renewable Energy programme at a tariff of six rupees per unit.
- •ACME Solar reported a 79.9 percent year-on-year increase in consolidated profit after tax to 235 crore rupees in the June quarter of fiscal year 2027.
- •Consolidated revenue for the quarter rose 63.3 percent to 954 crore rupees, driven by better solar irradiation and increased battery storage capacity.
Key Questions Answered
ACME Solar's subsidiary, ACME Greentech Twenty Private Limited, signed a 25-year agreement with the Solar Energy Corporation of India to supply 300 MW of peak power starting April 6, 2028, at a tariff of ₹6 per unit under the FDRE programme.
ACME Solar reported a 79.9% year-on-year increase in consolidated profit after tax to ₹235 crore for the June quarter of FY27. Revenue grew by 63.3% to ₹954 crore, while EBITDA increased by 56.5% to ₹831 crore, driven by higher solar irradiation, improved plant performance, and capacity additions.
Shares of ACME Solar Holdings closed 0.60% higher at ₹410.05 on October 16, marking an increase of ₹2.45.
