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

The scrip was listed at Rs 259, exhibiting a discount of 10.38% to the issue price. So far, the stock has hit a high of 279 and a low of 255. On the BSE, over 7.51 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of ACME Solar Holdings was subscribed 2.75 times. The issue opened for bidding on 6 November 2024 and it closed on 8 November 2024. The price band of the IPO was fixed between Rs 275 to 289 per share. The public issue comprised both offer for sale and a fresh issue. The OFS comprised sales of equity shares with a value aggregating Rs 505 crore by ACME Cleantech Solutions, the promoter company. The fresh issue comprised an issue of shares aggregating up to Rs 2,395 crore. Of the net proceeds from fresh issue, Rs 1,795 crore for investment in subsidiaries for repayment/prepayment of a portion/full of certain outstanding borrowings availed by its subsidiaries and the balance is for general corporate expenses. As on 31 August 2024, the company had outstanding borrowings (fund based) of Rs 9,891.693 crore on a consolidated basis. Ahead of the IPO, ACME Solar Holdings on Tuesday, 5 November 2024, raised Rs 1,300.5 crore from anchor investors. The board allotted 4.5 crore shares at Rs 289 each to 58 anchor investors. 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. As end of Oct 29, 2024, it have an aggregate operational solar power capacity of 1,340 MW (1,826 MWp); under construction contracted (Project for which PPA signed but not yet achieved its commercial operation date) capacity of 3,250 MW [comprising 1500 MW of Solar, 150 MW wind, 1030 MW of hybrid, 570 MW of FDRE]. The firm reported a consolidated net profit of Rs 1.39 crore and sales of Rs 309.64 crore for the three months ended on 30 June 2024. Powered by Capital Market - Live

The equity shares of ACME Solar Holdings (Scrip Code: 544283) are listed with effect from 13 November 2024 and admitted to dealings on the Exchange in the list of ''B'' Group Securities. Powered by Capital Market - Live