Earlier, on 19 December 2024, the firm informed about the commissioning of an aggregate capacity of 1,023.05 MW of solar power projects in Rajasthan by its wholly owned subsidiaries, ACME Dhaulpur Powertech and ACME Raisar Solar Energy. The subsidiaries have now commissioned the remaining capacity of 62 MW and 28 MW on 7 January 2025. These two plants are now fully commissioned to a rated capacity of 300 MW each. With this, ACME Solar Holdings' total operational renewable generation capacity has increased to 2,453 MW. ACME Solar Holdings is a renewable power generation company in India with a portfolio of solar, wind, hybrid, and FDRE (firm and dispatchable renewable energy) projects. The company's consolidated net profit declined 60.4% to Rs 15.30 crore on 19.7% fall in revenue from operations to Rs 259.59 crore in Q2 FY25 over Q2 FY24. The scrip debuted into the stock market on 13 November 2024. The counter was listed at Rs 259, exhibiting a discount of 10.38% to the issue price of Rs 289. Powered by Capital Market - Live

ACME Solar Holdings has appointed Dinesh Chadha as the President, Renewable Energy of the Company (Senior Management Personnel) with effect from 06 January 2025. Powered by Capital Market - Live

ACME Renewtech, a subsidiary of ACME Solar Holdings (ACME Solar), has successfully secured Rs 1,988 crore in term loan financing from Power Finance Corporation (PFC) to fund the development and construction of a 300 MW Solar-Wind Hybrid Renewable Energy Project. The project will be located in high-resource potential areas, with solar capacity to be developed in Bikaner, Rajasthan, and wind sites in Bhuj, Gujarat. Power Purchase Agreement (PPA) has already been signed with NTPC, and grid connectivity for the project is in place. The land for the solar capacity has been fully procured. PFC, acting as the sole lender, has structured the financing with an optimal debt-to-equity ratio of 80:20. In addition to this significant development, ACME Solar has achieved another milestone in its renewable energy portfolio by securing a 300 MW Solar Power Project under the SECI-ISTS XVIII scheme at a tariff of Rs 3.05 per unit. The project is required to commence operations on or before 30 June 2025 as per the PPA terms. To fulfil this, ACME Solar plans to allocate its existing under construction ACME Sikar project to the new bid, leveraging its existing grid connectivity in Bikaner-2 and the significant capital expenditure already incurred. The project will benefit from the Inter-State Transmission System (ISTS) waiver, as the Scheduled Commercial Opera,on Date (SCOD) is set before June 2025, aligning with the government's incentives for the early operationalization of renewable energy projects.Powered by Capital Market - Live

ACME Solar Holdings has successfully commissioned four ISTS-connected SECI projects aggregating to 1,023 MW capacity in Jaisalmer, Rajasthan, on 18 December 2024. This achievement marks the commissioning of one of the largest single location projects by any renewable energy company in India this year. The remaining capacity of 177 MW from these plants is already energised and is in process of commissioning. The project had already started supplying power from October 2024. This project at its full capacity is estimated to generate around 3000 MUs of clean electricity and will obviate GHG emissions of 2.6 million tonnes each year. The project is strategically located in one of the best solar irradiation zones of the country and leverages common infrastructure from all four plants (300 MW each) to evacuate power leading to optimized generation at a higher efficiency. The project is financed by PFC and REC and has a 25-year PPA with Solar Energy Corporation of India (SECI), at a tariff of Rs 2.44 / unit.Powered by Capital Market - Live

This achievement marks the commissioning of one of the largest single-location projects by any renewable energy company in India this year. The remaining capacity of 177 MW from these plants is already energised and is in the process of commissioning. The project had already started supplying power in October 2024. This project at its full capacity is estimated to generate around 3,000 MUs of clean electricity and will obviate GHG emissions of 2.6 million metric tons each year. The project is strategically located in one of the best solar irradiation zones of the country and leverages common infrastructure from all four plants (300 MW each) to evacuate power, leading to optimized generation at a higher efficiency. The project is financed by PFC and REC and has a 25-year PPA with Solar Energy Corporation of India (SECI) at a tariff of Rs 2.44 per unit. Commenting on this achievement, Nikhil Dhingra, CEO of ACME Solar Holdings, said, 'This commissioning is a very important milestone for us. This takes our total commissioned portfolio to 2,363 MW and our central government counterparty portfolio to 65% of the total portfolio. Out of this, we have 1,773 MW of capacity located in the high irradiance zone of Rajasthan. We are very thankful to all stakeholders for their support. It is a testament to the excellent project and engineering capabilities of our team. We are really looking forward to strengthening our presence in Rajasthan further in the near term with our upcoming CTU-connected solar, FDRE, and hybrid plants utilising our existing connectivity and executed PPA's with Central counterparties. ACME Solar Holdings (ACML) is a renewable power generation company in India with a portfolio of solar, wind, hybrid, and FDRE (firm and dispatchable renewable energy) projects. The company's consolidated net profit declined 60.4% to Rs 15.30 crore on 19.7% fall in revenue from operations to Rs 259.59 crore in Q2 FY25 over Q2 FY24. The scrip debuted into the stock market on 13 November 2024. The counter was listed at Rs 259, exhibiting a discount of 10.38% to the issue price of Rs 289. Shares of Acme Solar Holdings tumbled 4.95% to Rs 238.10 on the BSE.Powered by Capital Market - Live

The said project also includes a green-shoe option, allowing for the potential expansion of its capacity from the initial 250 MW to 500 MW. This latest order win brings the company's total operational capacity to 6,970 MW. The auction, titled Supply of 1200 MW FDRE (Assured Peak Power Supply) from ISTS-Connected Renewable Energy Power Projects Coupled with ESS (Tranche VI), aims to procure 1,200 MW of renewable energy integrated with Energy Storage Systems (ESS) across India. This initiative will provide four hours of peak supply, requiring a blend of solar, wind, and battery technologies, ensuring a reliable and stable energy supply during periods of high demand. ACME Solar Holdings (ACML) is a renewable power generation company in India with a portfolio of solar, wind, hybrid and FDRE (firm and dispatchable renewable energy) projects. The company's consolidated net profit declined 60.4% to Rs 15.30 crore on 19.7% fall in revenue from operations to Rs 259.59 crore in Q2 FY25 over Q2 FY24. The scrip debuted into the stock market on 13 November 2024. The counter was listed at Rs 259, exhibiting a discount of 10.38% to the issue price of Rs 289.Powered by Capital Market - Live

Acme Solar Holdings has successfully secured a 250 MW Firm & Dispatchable Renewable Energy (FDRE) project in the e-reverse auction held by NHPC on 10 December 2024, at a tariff of Rs 4.56 per unit. Notably, this project includes a green-shoe option that could potentially expand the total capacity of this project from the initial 250 MW to 500 MW. With this latest win, Acme Solar's total capacity now stands at 6,970 MW.  The auction, titled Supply of 1200 MW FDRE (Assured Peak Power Supply) from ISTS-Connected Renewable Energy Power Projects Coupled with ESS (Tranche VI), aims to procure 1,200 MW of renewable energy integrated with Energy Storage Systems (ESS) across India. The project will deliver four hours of peak supply, requiring a blend of solar, wind, and battery technologies, ensuring a reliable and stable energy supply during periods of high demand. Powered by Capital Market - Live

Profit before tax (PBT) tumbled 76.5% YoY to Rs 18.15 crore during the quarter. EBITDA stood at Rs 256 crore, registering the de-growth of 20.74% as compared with Rs 323 crore posted in corresponding quarter last year. In Q2 FY25, EBITDA margin has reduced marginally on a y-o-y basis on account of increase in manpower expenses and its allocation towards a lower asset base due to 369 MW asset monetized in H2 FY24. On Half yearly basis, the company's consolidated net profit declined 86.21% to Rs 16.68 crore during the quarter as compared with Rs 120.96 crore in Q2 FY24. Revenue from operations fell 17.76% YoY to Rs 569.23 crore during the quarter. Capacity utilization factor has increased from 23.3% in H1FY24 to 24.6% in H1FY25 owing to initiatives focused on preventive and predictive maintenance. Plant availability has improved from 99.2% in H1FY24 to 99.3% in H1FY25. The company said that the implementation of dry cleaning robots streamlined the process of module cleaning and enhanced operational performance. The scrip debuted into the stock market on 13 November 2024. The counter was listed at Rs 259, exhibiting a discount of 10.38% to the issue price of Rs 289. ACME Solar Holdings (ACML) is a renewable power generation company in India with a portfolio of solar, wind, hybrid and FDRE (firm and dispatchable renewable energy) projects.Powered by Capital Market - Live

Net profit of ACME Solar Holdings declined 60.39% to Rs 15.30 crore in the quarter ended September 2024 as against Rs 38.63 crore during the previous quarter ended September 2023. Sales declined 19.68% to Rs 259.59 crore in the quarter ended September 2024 as against Rs 323.20 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales259.59323.20 -20 OPM %85.0589.60 - PBDT78.02123.48 -37 PBT18.1537.88 -52 NP15.3038.63 -60 Powered by Capital Market - Live

ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 25 November 2024Powered by Capital Market - Live