ACME Solar up 4% on commissioning first phase of 26.4 MW wind power project

ACME Solar share price: ACME Solar Holdings (ACME Solar) shares were buzzing in trade on Wednesday, May 28, 2025, with the scrip rising up to 3.67 per cent to hit an intraday high of ₹255.30 per share.
At 1:52 PM, ACME Solar shares continued to trade near day's high level, up 3.29 per cent at ₹254.35 apiece. In comparison, BSE Sensex was trading 0.18 per cent lower at 81,401.17 levels.
What drove ACME Solar shares 4% higher today?
ACME Solar shares advanced after the company announced it has commissioned the initial 26.4 MW phase of its first wind power project in Shapar, Gujarat.
The capacity is part of the larger 50 MW ACME Pokhran wind project, which is being developed in stages.
'Strategically located in one of India's highest wind resource regions, it is poised to be an important contribution to India's renewable energy goals,' ACME Solar said, in a statement.
The development is financed by Power Finance Corporation (PFC) and executed by ACME's in-house EPC team, utilising Envision's 3.3 MW wind turbines. Power generated from the facility is collected at a 33/220 kV pooling station and transmitted via a dedicated 220 kV single-circuit line to the Shapar sub-station. This infrastructure will also serve ACME Solar's upcoming 100 MW wind project, currently in advanced construction, the company said.
Moreover, the electricity from the project will be supplied under a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited.
With this commissioning, ACME Solar's total operational capacity has increased from 2,705 MW to 2,731.4 MW.
ACME Solar Q4 results
ACME Solar reported a 77 per cent year-on-year decline in consolidated net profit to ₹122 crore in Q4FY25, primarily due to the absence of an exceptional gain recorded in the same period last year.
In the January–March quarter of FY24, the company had posted a one-time gain of ₹696 crore from the sale of 369 MW of operational solar assets located in Punjab, Uttarakhand, and Karnataka. The gain had boosted net profit to ₹532.3 crore in the corresponding quarter.
Despite the profit decline, the company's total income rose to ₹539.2 crore in Q4FY25, up from ₹318 crore in the year-ago period, according to a regulatory filing with the BSE.
ACME Solar listing
ACME Solar made a lacklustre debut on the stock exchanges, falling short of market expectations. On the BSE Sensex, the stock was listed at ₹259 per share, marking a 10.3 per cent drop from its IPO issue price of ₹289.
About ACME Solar
ACME Solar Holdings is a fully integrated, pure-play renewable energy company in India, with a diversified portfolio spanning solar, wind, hybrid, and Firm and Dispatchable Renewable Energy (FDRE) projects. The company is recognised as one of the top 10 independent power producers (IPPs) in the country's renewable energy sector.'
ACME Solar generates long-term, stable cash flows by selling electricity to a range of offtakers, including central and state government-backed entities, under long-term Power Purchase Agreements (PPAs) with fixed tariffs typically spanning 25 years.
With in-house engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) capabilities, the company maintains strong control over project execution, costs, and timelines—offering flexibility in technology and supplier selection.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Business Standard

13 hours ago

• Business Standard

Israel-Iran war, oil prices likely to be key factors for markets this week

Indian stock market concluded the last week on a robust note, shrugging off mid-week volatility triggered by escalating tensions in the Middle East and a spike in crude oil prices Press Trust of India New Delhi The domestic stock market will continue to monitor the Israel-Iran conflict and its impact on global supplies besides prices of crude oil this week, analysts said. Global trends and trading activity of foreign investors would also drive investors' sentiment during the week. The Indian stock market concluded the last week on a robust note, shrugging off mid-week volatility triggered by escalating tensions in the Middle East and a spike in crude oil prices, an expert said. "This week, global cues will remain the dominant force, with a focus on geopolitical tensions between Iran and Israel, US economic data, and commentary from the Federal Reserve officials. "Domestically, investors will closely monitor monsoon progress, volatility related to monthly expiry, crude oil price movements, and FII activity for further cues," Ajit Mishra,? SVP, Research, Religare Broking Ltd, said. On Friday, the BSE Sensex surged 1,046.30 points, or 1.29 per cent, to settle at 82,408.17. The 50-share NSE Nifty climbed 319.15 points, or 1.29 per cent, to 25,112.40. Vinod Nair, Head of Research, Geojit Investments Ltd, said, geopolitical uncertainty continues to loom. "Investors will also keep a close eye on the upcoming US GDP and PCE (Personal Consumption Expenditure) data, along with India's PMI figures, for cues on the strength and direction of economic recovery at home and abroad," he said. Last week, the BSE benchmark gauge jumped 1,289.57 points, or 1.58 per cent, and the Nifty surged 393.8 points, or 1.59 per cent. "Looking ahead, global cues will remain key, with investors eyeing US manufacturing and services PMI, and further developments on the geopolitical front. Markets may consolidate with bouts of volatility," Siddhartha Khemka, Head, Research, Wealth Management, Motilal Oswal Financial Services Ltd, said. On FPIs movement, Vipul Bhowar, Senior Director, Listed Investments, Waterfield Advisors, said, "The trend of foreign portfolio investment experienced a reversal in April and demonstrated considerable strengthening in May, characterised by positive inflows. The inflows recorded in May represented the highest level observed in eight months, signifying a resurgence of interest from foreign investors in the Indian markets." Nonetheless, geopolitical tensions, including the conflict between Israel and Iran, alongside global uncertainties, fostered a cautiously optimistic pattern in June, he added.

Hans India

13 hours ago

• Hans India

Airtel, Reliance lead market gains: Top-10 valued firms add ₹1.62 lakh crore in a week

India's top corporates saw a sharp rise in valuations last week as six of the ten most-valued companies collectively added ₹1,62,288.06 crore to their market capitalisation, buoyed by bullish investor sentiment and a strong rally in benchmark indices. The BSE Sensex gained 1,289.57 points or 1.58% during the week, fueling the surge in market caps. Leading the charge were Bharti Airtel and Reliance Industries, while a few blue chips like TCS and Bajaj Finance posted marginal losses. Top Gainers in Market Capitalisation: Bharti Airtel: Jumped by ₹54,055.96 crore to ₹11,04,469.29 crore Reliance Industries: Rose by ₹50,070.14 crore to ₹19,82,033.60 crore HDFC Bank: Added ₹38,503.91 crore, reaching ₹15,07,281.79 crore Infosys: Gained ₹8,433.06 crore to ₹6,73,751.09 crore ICICI Bank: Increased by ₹8,012.13 crore to ₹10,18,387.76 crore State Bank of India (SBI): Added ₹3,212.86 crore to touch ₹7,10,399.75 crore Top Losers in Market Capitalisation: Bajaj Finance: Lost ₹17,876.42 crore, ending at ₹5,62,175.67 crore TCS: Down ₹4,613.06 crore to ₹12,42,577.89 crore Hindustan Unilever: Dropped ₹3,336.42 crore to ₹5,41,557.29 crore LIC: Fell ₹1,106.88 crore to ₹5,92,272.78 crore Latest Valuation Rankings: Reliance Industries – ₹19.82 lakh crore HDFC Bank – ₹15.07 lakh crore TCS – ₹12.42 lakh crore Bharti Airtel – ₹11.04 lakh crore ICICI Bank SBI Infosys LIC Bajaj Finance Hindustan Unilever Despite mixed movements in heavyweight stocks, the market remains resilient, with strong institutional buying and sectoral performance driving momentum in large-cap names.

United News of India

17 hours ago

• United News of India

Sensex surges by 1,289.57 points during week

Mumbai, June 21 (UNI) BSE Sensex surged 1,289.57 points, or 1.58 per cent, to settle at 82,408.17 during the week ended Friday, June 20, tracking gains in Asian markets and renewed foreign fund inflow, amid easing crude oil prices, improved investor sentiments. Nifty jumped 393.8 points, or 1.59 per cent, to settle at 25,112.40. Broader markets underperformed. The BSE Mid-Cap index shed 0.44 per cent to close at 45,480.26. The BSE Small-Cap declined 1.85 percent to end at 52,378.52. On Monday, the Sensex snapped a two-day losing streak and ended with solid gains. Sensex gained 677.55 points to settle at 81,796.15. Nifty 50 jumped 227.90 points to 24,946.50. The domestic equity benchmarks slipped into the red on Tuesday, dragged down by rising tensions between Israel and Iran. Investor sentiment remained subdued ahead of the U.S. Federal Reserve's policy decision. BSE Sensex declined 212.85 points to 81,583.30. Nifty fell 93.10 points to 24,853.40. On Wednesday, marking their second straight day of losses, as rising geopolitical tensions between Israel and Iran weighed on investor sentiment, the Sensex declined 138.64 points to 81,444.66. Nifty too fell 41.35 points to 24,812.05. On Thursday, marking the third straight session of decline, as investor sentiment remained shaky due to escalating tensions between Israel and Iran, the Sensex shed 82.79 points to 81,361.87. Nifty fell 18.80 points to 24,793.25. On Friday, snapping a three-day losing streak in a row, as the market remained firm despite rising geopolitical tensions between Israel and Iran. Sensex jumped 1,046.30 points to 82,408.17. Nifty 50 rose by 319.15 points to 25,112.40. Sectoral gainer During the week, BSE Auto was 1.17 pc, BSE BANKEX was 1.35 pc, BSE Consumer Durables was 0.93 pc, BSE Capital Goods was 0.68 pc, and BSE IT was 0.88 pc. BSE Realty 0.65 pc and BSE TECK by 2.07 Sectoral losers during the week were BSE Oil & Gas by 0.4, BSE FMCG by 0.21 pc, BSE Healthcare by 2.08 pc, BSE METAL by 1.12 pc and BSE Power by 0.19 pc. Stocks that fell during the week were Nestle India by 0.49 pc. Tamilnad Mercantile Bank by 2.83 pc, Tata Consultancy Services (TCS) by 0.36 pc, AAVAS Financiers by 1.58 pc, Tata Motors by 5.04 pc, SpiceJet by 8.60 pc, Sun TV Network by 2.16 pc and Alembic Pharmaceuticals by 2.92 pc. Godrej Properties rose 0.76 pc. The company announced that it has acquired an approximately 16-acre land parcel in Upper Kharadi, Pune. The project will have a developable potential of 2.5 million square feet with an estimated revenue potential of about Rs 3,100 crore. DLF rose 0.30 pc. The company said that its latest luxury offering, DLF Privana North, valued at approximately Rs 11,000 crore, has been sold within one week of its launch. UNI JS ARN