ACMESOLAR
Acme Solar Holdings Limited
NSELast Traded Price
₹414
-4.75 (-1.13%)
Open
₹420.65
High
₹420.85
Low
₹406
Prev Close
₹418.75
Industry
Power Generation
Market Cap
29261.06 Cr
Filing History
Recent corporate announcements and filings for ACMESOLAR
Business Update
Positive
2026-10-13 17:53
- Acme Solar Holdings Limited has incorporated two wholly owned subsidiaries on October 13, 2026: Amshuman Renewables Private Limited and Urjita Powertech Private Limited.
- Both entities belong to the renewable energy and power generation sector and were incorporated in Gurugram, India.
- The initial subscription cost for each subsidiary is ₹1,00,000 for 10,000 equity shares of face value ₹10 each, held entirely in cash.
Governance
Neutral
2026-10-10 13:50
- Acme Solar Holdings Limited has approved the grant of 116,788 employee stock options (ESOPs) to eligible employees on October 10, 2026.
- Each ESOP converts into one equity share of face value ₹2 at an exercise price of ₹2.
- Vesting period ranges from 1 to 4 years at 25% per year.
Financials
Positive
2026-10-07 19:47
- ACME Solar Holdings Limited has informed about credit rating action by ICRA Limited.
- Total rated amount increased from ₹2,500.00 crore to ₹3,500.00 crore.
- Long-term non-fund based rating reaffirmed/assigned at [ICRA]AA- (Stable) for the enhanced amount.
Business Update
Positive
2026-10-06 19:45
- Acme Solar Holdings Limited has incorporated 18 wholly owned subsidiaries on October 06, 2026.
- The subsidiaries belong to the renewable energy and power generation sector.
- Each subsidiary was incorporated with a cash subscription of Rs. 1,00,000 for 10,000 equity shares of face value Rs. 10 each.
Business Update
Positive
2026-10-05 20:33
- ACME Solar Holdings Limited announced that its subsidiary, ACME Renewtech Private Limited, has commissioned an additional 66.68 MW of solar capacity in Rajasthan.
- The Commercial Operation Date (COD) is set for October 07, 2026.
- Total commissioned solar capacity for this 300 MW Hybrid Power Project now stands at 133.36 MW.
- The PPA for the project is signed with NTPC Limited.
Governance
Neutral
2026-10-03 20:09
- Appointed Mr. Nikhil Dhingra as Joint Managing Director & CEO effective October 03, 2026, for a 5-year term subject to member approval.
- His previous role as Whole-Time Director stands superseded while he continues as Chief Executive Officer.
Financials
Positive
2026-10-02 19:45
- Crisil Ratings revised its rating outlook on the long-term bank facilities of ACME Solar Holdings Limited to 'Positive' from 'Stable'.
- Long-term rating reaffirmed at 'Crisil AA-'.
- Total bank loan facilities rated enhanced to Rs 2500 crore from Rs 1500 crore.
Business Update
Positive
2026-10-01 12:57
ACME Solar has operationalized an additional cumulative BESS capacity of 107.36 MW / 437.49 MWh across two projects in Rajasthan.
Total operational BESS capacity of the company now stands at 4.96 GWh.
Projects achieved commissioning on September 30, 2026, with COD on October 02, 2026.
Business Update
Positive
2026-10-01 00:16
Acme Solar Holdings Limited announced that its wholly-owned subsidiary, ACME Greentech Seventh Private Limited, has commissioned Phase-III of the BESS component (53.63 MW/214.52 MWh) out of the 300 MW / 1200 MWh FDRE Project in Rajasthan.
- Commercial Operation Date (COD) is set for October 02, 2026.
- Total cumulative commissioned capacity of the BESS component has now reached 159.58 MW / 638.32 MWh.
- Power Purchase Agreement (PPA) for the project is signed with SJVN Limited.
Business Update
Positive
2026-10-01 00:16
Acme Solar Holdings Limited informed the exchange that its wholly-owned subsidiary, ACME Sigma Urja Private Limited, commissioned Phase-I of the BESS component (53.73 MW/222.969 MWh out of 250 MW/1069 MWh) of the FDRE Project in Rajasthan on September 30, 2026.
- Commercial operation date (COD) is October 2, 2026.
- Renewable energy generation component is still under development.
Governance
Neutral
2026-09-30 20:47
- Acme Solar Holdings Limited announced the appointment of M/s. BSR & Co. LLP as Joint Statutory Auditors for a 5-year term starting from the conclusion of the 11th AGM.
- The appointment follows the completion of the term of the previous auditors, M/s. Walker Chandiok & Co. LLP.
- Shareholders also approved the alteration of the Object Clause of the Memorandum of Association (MoA) to expand business operations into power, energy, and data centre related infrastructure and services.
Governance
Neutral
2026-09-30 20:47
- Acme Solar Holdings Limited held its 11th Annual General Meeting on September 29, 2026.
- Approved the appointment of M/s. BSR & Co. LLP as Joint Statutory Auditors for a 5-year term following the completion of the term of M/s. Walker Chandiok & Co. LLP.
- Approved the alteration of the Object Clause of the Memorandum of Association (MOA) to expand business scope into power/energy generation, storage, transmission, and data center related operations.
Routine
Neutral
2026-09-28 20:36
- Trading window closure for Designated Persons and their Immediate Relatives will take effect from October 01, 2026.
- Window to remain closed until 48 hours after the declaration of un-audited financial results for the quarter and half-year ending September 30, 2026.
Business Update
Positive
2026-09-19 21:59
- ACME Solar Holdings Limited announced the incorporation of its wholly-owned subsidiary, "ACME Greentech Twenty Nine Private Limited," on September 18, 2026.
- The new subsidiary is established to undertake businesses related to power generation and renewable energy projects.
- The initial paid-up share capital is ₹1,00,000, 100% subscribed by ACME Solar Holdings Limited.
Business Update
Positive
2026-09-18 20:03
- ACME Solar Holdings Ltd's Board approved an amalgamation of three wholly-owned subsidiaries (ACME Pokhran Solar, ACME Sikar Solar, ACME Eco Clean Energy) with the parent company.
- This aims to simplify group structure, boost efficiencies, optimize cash flows, and strengthen infrastructure. No cash/share consideration; no change in shareholding.
Business Update
Positive
2026-09-17 23:37
- ACME Solar's subsidiary commissioned Phase-II of a Battery Energy Storage System (BESS) project (52.32 MW/209.28 MWh).- Total commissioned BESS capacity for the project reached 105.95 MW/423.80 MWh.- Commercial Operation Date (COD) is September 19, 2026.- Entire BESS capacity expected to be commissioned by Q3 of current fiscal.
Business Update
Positive
2026-09-16 08:26
- ACME Solar commissioned 66.68 MW Solar capacity and 300 MWh Battery Energy Storage System (BESS) capacity in Bikaner, Rajasthan.
- This commissioning expands their operational renewable energy capacity to approximately 3,057 MW and 4.16 GWh BESS.
- The company expects to commission the entire 300 MW solar capacity by Q3 FY27 and entire BESS capacity by Q3 of the current fiscal.
Business Update
Positive
2026-09-15 18:56
- ACME Solar Holdings Limited incorporated four new wholly-owned subsidiaries (ACME Greentech Twenty Five, Twenty Six, Twenty Seven, and Twenty Eight Private Limited) on September 15, 2026.
- These subsidiaries will undertake business related to the development and operation of power generation and renewable energy projects.
Business Update
Neutral
2026-09-15 17:56
- Investor/Analyst Interaction Schedule
- Date: 21 September 2026
- Nature of Meeting: Group (Physical)
- Venue: MS Energy Security & Powering AI Field Trip, Delhi
Business Update
Positive
2026-09-14 22:26
- ACME Solar Holdings Ltd (ASHL) through its wholly-owned subsidiary commissioned Phase-I of the Battery Energy Storage Systems (BESS) component of the FDRE Project in Bikaner, Rajasthan.
- The BESS has a capacity of 53.63 MW/300 MWh.
- The Commercial Operation Date (COD) for Phase-I is September 16, 2026.
Business Update
Positive
2026-09-12 23:31
- ACME Renewtech Private Limited, a subsidiary of ACME Solar Holdings Limited, commissioned Phase-I (66.68 MW) of its 300 MW solar power project in Bikaner, Rajasthan, on September 12, 2026.
- The Commercial Operation Date (COD) is September 14, 2026.
Business Update
Positive
2026-09-10 20:09
- ACME Solar Holdings Limited has approved the incorporation of a wholly-owned subsidiary, ACME Renewables FZCO, in the United Arab Emirates. This subsidiary will support the company's renewable energy business through procurement, supply chain management, and raw material hedging.
Governance
Neutral
2026-09-03 21:35
- Annual Report for FY 2025-26 dispatched to shareholders.
- 11th Annual General Meeting (AGM) scheduled for September 29, 2026, at 3:00 PM (IST) via video conference.
- Web-links for AGM Notice and Annual Report provided for access.
Business Update
Positive
2026-09-03 21:13
- Filed the Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, along with an independent assurance report. - Key environmental targets for 2030 include achieving 10 GW operational renewable energy capacity, zero waste to landfill, and water neutrality. - Social targets involve increasing women's representation to at least 7% by 2030 and increasing average annual learning hours. - Governance commitment includes maintaining zero substantiated human-rights violations.
Governance
Positive
2026-09-01 21:40
- Outcome of the Board meeting held on September 01, 2026.
- Approved the appointment of M/s. BSR & Co. LLP as Joint Statutory Auditors for a 5-year term, replacing M/s Walker Chandiok & Co. LLP.
- Approved the alteration of the Objects Clause of the Memorandum of Association to expand into electricity/power generation, distribution, and data center/cloud infrastructure businesses, subject to shareholder approval.
- Recommended the re-appointment of Mr. Nikhil Dhingra as Director liable to retire by rotation.
- The 11th Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026.
Governance
Positive
2026-09-01 21:30
- Board approved the appointment of M/s. BSR & Co. LLP as Joint Statutory Auditors for a 5-year term, replacing M/s Walker Chandiok & Co. LLP due to term completion.
- Approved the alteration of the Memorandum of Association's Objects Clause to expand business activities into electricity, power, energy, and data center services.
- Recommended the re-appointment of Mr. Nikhil Dhingra as a Director.
- The 11th Annual General Meeting (AGM) is scheduled for September 29, 2026, to obtain shareholder approvals for these proposals.
Business Update
Positive
2026-08-28 13:18
- Order Win: ACME Solar Holdings Limited won an order from Solar Energy Corporation of India Limited (SECI)
- Order Value: Estimated potential revenue of ~₹7,884 Cr over the 25-year PPA tenure (based on 300 MW capacity at ₹6.00/kWh with ~20% PLF)
- Completion Timeline: Scheduled Commencement of Supply Date (SCSD) 18 months from PPA signing; project tenure 25 years from SCSD
Business Update
Positive
2026-08-27 19:54
- ACME Solar Holdings' subsidiary, ACME Suryodaya Private Limited, commissioned a 15 MW/240.752 MWh Battery Energy Storage System (BESS) Project in Jaisalmer, Rajasthan.
- The Commercial Operation Date (COD) is August 29, 2026.
- This commissioning brings the total capacity commissioned by the subsidiary to 300 MW / 1354.224 MWh.
Business Update
Neutral
2026-08-27 19:12
- Investor / Analyst Interactions Scheduled
- Date: September 02, 2026 (Group Physical meeting at Ashwamedh - Elara India Dialogue 2026, Mumbai)
- Date: September 03, 2026 (Group Physical meeting at Phillip Capital - Market Marvel, Delhi)
- No unpublished price-sensitive information will be disclosed during these interactions.
Business Update
Neutral
2026-08-27 19:12
- Investor/Analyst Meetings Schedule
- 02 September 2026: Group (Physical) at Ashwamedh - Elara India Dialogue 2026 (Mumbai)
- 03 September 2026: Group (Physical) at Phillip Capital - Market Marvel: Investing Beyond The Headlines (Delhi)
- No unpublished price-sensitive information will be disclosed during these interactions.
Business Update
Positive
2026-08-27 08:31
- Funding Secured: ACME Solar Holdings Ltd (ACME Solar) secured INR 1,571 crore long-term project funding from India Infrastructure Finance Company Ltd (IIFCL).
- Project: For the construction and development of ACME Renewtech Sixth 300 MW assured peak power project in Rajasthan.
- Repayment Tenor: 19 years.
- Total Project Capex: INR 2,123 crore.
- Power Purchase Agreement: Executed with SECI Limited for 25 years at a tariff of INR 6.28/unit.
Business Update
Positive
2026-08-26 09:26
- Order Win: ACME Solar Holdings Limited's wholly-owned subsidiary, ACME Marigold Urja Private Limited, has secured a Power Purchase Agreement (PPA) with Northeast Frontier Railway (NFR).
- Project Details: To set up a 130 MW Round the Clock (RTC) renewable energy power project.
- Order Value: Estimated total revenue of approximately ₹12,384 Crores over a 25-year project tenure, at a tariff of ₹4.35 per kWh.
- Completion Timeline: Scheduled Commencement of Supply Date is February 25, 2029.
Business Update
Positive
2026-08-25 11:34
- Order Win: ACME Solar Holdings Limited won 300 MW capacity in SECI's Assured Peak Power Tender (FDRE-IX).
- Project Details: Secured 300 MW contracted capacity at Rs. 6.00/kWh for 1,200 MWh supply during a four-hour duration.
- Strategic Impact: Adds 1.2 GWh to ACME's battery energy storage portfolio, increasing the PPA-signed BESS pipeline to approximately 15 GWh.
- Execution Readiness: Company possesses connectivity grant and substantial land, aiming for shortened project execution and timely commissioning.
Business Update
Neutral
2026-08-13 19:08
- Concall Schedule
- Concall Date: 19 August 2026
- Meeting Type: Group (Virtual) at Goldman Sachs India Energy Security & Grid Resilience Corporate Day
Business Update
Positive
2026-08-12 08:49
- ACME Solar completed ₹2,147 crore domestic refinancing, redeeming offshore dollar bonds and NCDs. - This reduced borrowing costs by ~150 basis points, enhancing cash flows and strengthening capital structure. - Total fiscal financing reached ₹8,198 crore.
Business Update
Positive
2026-08-04 22:31
- ACME Solar Holdings reported highest-ever Q1 FY27 Consolidated Revenue of ₹954 Cr (▲63% YoY).
- EBITDA for Q1 FY27 stood at ₹831 Cr (▲56% YoY) with an 87% margin.
- PAT for Q1 FY27 was ₹235 Cr (▲80% YoY).
- Commissioned ~2.3 GWh BESS, reaching cumulative 3.62 GWh (40% of India's capacity).
- Upgraded FY27 capex guidance to ₹15,000-20,000 Cr and BESS commissioning guidance to >10 GWh by FY27.
- Expects 10-12 GWh of battery capacity for short-term market annually, with potential revenue of ₹2,000-2,500 Cr from next year.
- Clarified fire incident at BESS facility was due to AC cabling, not battery systems; no damage to batteries.
- Core business EBITDA margin (ex-BESS) is ~91%, with a positive outlook on future RE bids and exploring C&I/data center opportunities.
Financials
Positive
2026-07-29 20:41
- Consolidated Revenue ₹954 Cr vs ₹584 Cr (▲63.3% YoY)
- EBITDA ₹831 Cr vs ₹531 Cr (▲56.5% YoY)
- PAT ₹235 Cr vs ₹131 Cr (▲79.9% YoY)
- EBITDA Margin 87.1% vs 90.9% (▼380bps)
- Company revised upward guidance to commission cumulative 10+ GWh BESS capacity by FY27.
Financials
Positive
2026-07-29 20:02
- Consolidated Total Income ₹953.77 Cr vs ₹583.99 Cr (▲63.31% YoY)
- EBITDA ₹830.53 Cr vs ₹530.82 Cr (▲56.46% YoY)
- PAT ₹235.33 Cr vs ₹130.82 Cr (▲79.88% YoY)
- EBITDA Margin 87.08% vs 90.90% (▼382bps)
Business Update
Positive
2026-07-29 08:37
- Project Funding: ACME Solar Holdings Ltd secured funding for its ACME Urja One 250 MW FDRE Project from Power Finance Corporation Limited (PFC).
- Funding Amount: INR 3,404.57 crore.
- Project Details: 250 MW FDRE project, including Solar, Wind, and Battery Energy Storage System (BESS), with a 25-year PPA with NHPC Limited.
- Commissioning: Expected next year.
Business Update
Positive
2026-07-24 19:50
- Crisil Ratings assigned a 'Crisil A+/Stable (Assigned)' long-term rating to ACME Eco Clean Energy Private Limited for bank loan facilities of ₹657.08 Crore.
- ACME Pokhran Solar Private Limited also received a 'Crisil A+/Stable (Assigned)' long-term rating for bank loan facilities of ₹310.74 Crore.
Business Update
Positive
2026-07-23 21:51
- ACME Solar operationalized ~3.62 GWh Battery Energy Storage System (BESS) projects across 3 sites in Rajasthan.
- The company commissioned ~2.29 GWh BESS in the current financial year, marking it one of the fastest scale-ups in India.
- Restoration activities for a past electrical short circuit incident at the ACME Suryodaya BESS facility have been successfully completed.
Business Update
Neutral
2026-07-21 20:12
- Concall Schedule for Q1 FY27 results
- Concall Date: Thursday, July 30, 2026
- Concall Time: 12:00 PM IST
Business Update
Positive
2026-07-21 08:39
- Order Win: ACME Renewtech Fifth Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, has executed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI).
- Project Details: The PPA is for a 300 MW ISTS-connected Wind-Solar Hybrid Renewable Energy Project, at a tariff of Rs. 3.25 per unit.
- Completion Timeline: Scheduled Commencement of Supply Date (SCSD) is June 30, 2028, with a project tenure of 25 years from SCSD.
- Portfolio Update: This increases the company's PPA-signed portfolio to 6,870 MW out of a total contracted portfolio of 8,070 MW.
Business Update
Positive
2026-07-20 19:57
- ACME Solar Holdings Limited (ASHL) through its subsidiary, ACME Suryodaya Private Limited, has commissioned a 160.512 MWh Battery Energy Storage System (BESS) Project in Jaisalmer, Rajasthan.- The commercial operation date (COD) is July 22, 2026.- This commissioning brings ACME Suryodaya Private Limited's total commissioned capacity to 285 MW / 1113.472 MWh.
Business Update
Neutral
2026-07-17 18:01
- Media statement clarifies incorrect news reports regarding damage at ACME Suryodaya BESS facility.
- Only 4 power conversion systems (PCS) were affected, not 13 BESS containers.
- Total revenue loss is estimated at INR 20 Lakhs, which is not material.
- Damaged equipment is expected to be restored within a week.
Business Update
Positive
2026-07-16 08:34
- ACME Solar secured INR 2,646.64 crore project funding from REC Ltd. for its 450MW/1800MWh FDRE Project.
- REC Ltd will be the sole financer for 20 years.
- PPA for the project was signed with SJVN Limited at a tariff of INR 6.74/unit for 25 years.
Business Update
Positive
2026-07-15 23:08
- ACME Solar Holdings' subsidiary, ACME Suryodaya Private Limited, commissioned a 110.336 MWh Battery Energy Storage System (BESS) project in Jaisalmer, Rajasthan, on July 15, 2026 (COD July 17, 2026).
- This brings the subsidiary's total commissioned capacity to 285 MW / 952.960 MWh.
Business Update
Positive
2026-07-01 08:17
- ACME Solar Holdings Limited's subsidiary commissioned a 240.720 MWh Battery Energy Storage System (BESS) project in Jaisalmer, Rajasthan, on June 30, 2026.
- The Commercial Operation Date (COD) for the project is July 02, 2026.
- With this, the subsidiary has achieved a commissioned capacity of 285 MW / 842.624 MWh.