Latest news with #ACMESolar
Time of India
5 hours ago
- Business
- Time of India
ACME Solar inks pact to supply 250 MW electricity from RE project in Rajasthan
New Delhi: ACME Solar Holdings on Friday said it has inked a pact with state-owned NHPC to supply 250 MW of electricity from a renewable energy project in Rajasthan. The power purchase agreement (PPA) has been signed at a tariff of Rs 4.56 per kWh for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and to meet 90 per cent of peak power requirement of 4 hours daily, according to a company statement. ACME Solar Holdings Ltd (ACME Solar) signed a 25-year PPA with NHPC Limited, a AAA-rated central government enterprise, for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan, the company said. This PPA marks a significant step in strengthening ACME Solar's footprint in the FDRE space while supporting India's clean energy ambitions through an innovative mix of solar, wind, and battery storage technology. The project will be connected to an ISTS (Inter-State Transmission System) substation for which connectivity is already in place. The requisite approval under section 63 of the Electricity Act 2003 for adoption of tariff has been issued by CERC (Central Electricity Regulatory Commission) on June 19, 2025, the company said. With this, the company's PPA-signed portfolio stands at 5,130 MW, of which 2,826.2 MW is already operational, and the balance is under various stages of implementation. ACME Solar's overall portfolio comprises 86 per cent offtake with central government enterprises and the remaining 14 per cent with State discoms. The company is an integrated renewable energy player with a diversified portfolio of 6,970 MW spanning solar, wind, FDRE and hybrid solutions. PTI
Time of India
16 hours ago
- Business
- Time of India
ACME Solar inks pact to supply 250 MW electricity from RE project in Rajasthan
New Delhi: ACME Solar Holdings on Friday said it has inked a pact with state-owned NHPC to supply 250 MW of electricity from a renewable energy project in Rajasthan. The power purchase agreement (PPA) has been signed at a tariff of Rs 4.56 per kWh for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and to meet 90 per cent of peak power requirement of 4 hours daily, according to a company statement. ACME Solar Holdings Ltd (ACME Solar) signed a 25-year PPA with NHPC Limited, a AAA-rated central government enterprise, for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan, the company said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Older People Are Losing Weight (This Has Gone Viral) NEWSCASA Undo This PPA marks a significant step in strengthening ACME Solar's footprint in the FDRE space while supporting India's clean energy ambitions through an innovative mix of solar, wind, and battery storage technology. The project will be connected to an ISTS (Inter-State Transmission System) substation for which connectivity is already in place. Live Events The requisite approval under section 63 of the Electricity Act 2003 for adoption of tariff has been issued by CERC ( Central Electricity Regulatory Commission ) on June 19, 2025, the company said. With this, the company's PPA-signed portfolio stands at 5,130 MW, of which 2,826.2 MW is already operational, and the balance is under various stages of implementation. ACME Solar's overall portfolio comprises 86 per cent offtake with central government enterprises and the remaining 14 per cent with State discoms. The company is an integrated renewable energy player with a diversified portfolio of 6,970 MW spanning solar, wind, FDRE and hybrid solutions.
Mint
20 hours ago
- Business
- Mint
ACME Solar inks pact with NHPC to supply 250 MW electricity to RE project in Rajasthan
ACME Solar Holdings on Friday said it has inked a pact with state-owned NHPC to supply 250 MW of electricity from a renewable energy project in Rajasthan. The power purchase agreement (PPA) has been signed at a tariff of ₹ 4.56 per kWh for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and to meet 90 per cent of peak power requirement of 4 hours daily, according to a company statement. ACME Solar Holdings Ltd (ACME Solar) signed a 25-year PPA with NHPC Limited, a AAA-rated central government enterprise, for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan, the company said. This PPA marks a significant step in strengthening ACME Solar's footprint in the FDRE space while supporting India's clean energy ambitions through an innovative mix of solar, wind, and battery storage technology. The project will be connected to an ISTS (Inter-State Transmission System) substation for which connectivity is already in place. The requisite approval under section 63 of the Electricity Act 2003 for adoption of tariff has been issued by CERC (Central Electricity Regulatory Commission) on June 19, 2025, the company said. With this, the company's PPA-signed portfolio stands at 5,130 MW, of which 2,826.2 MW is already operational, and the balance is under various stages of implementation. ACME Solar's overall portfolio comprises 86 per cent offtake with central government enterprises and the remaining 14 per cent with State discoms. The company is an integrated renewable energy player with a diversified portfolio of 6,970 MW spanning solar, wind, FDRE and hybrid solutions.
Business Upturn
a day ago
- Business
- Business Upturn
ACME Solar signs PPA with NHPC for 250 MW project in Rajasthan
By Aditya Bhagchandani Published on June 20, 2025, 14:58 IST ACME Solar Holdings Limited has signed a significant Power Purchase Agreement (PPA) with NHPC Limited for a 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan. The agreement spans 25 years and has been secured at a tariff of ₹4.56 per kWh, with a minimum annual Capacity Utilization Factor (CUF) of 40% and a commitment to meet 90% of peak power demand for 4 hours each day. The project is designed to leverage a hybrid energy mix comprising solar, wind, and battery storage, and will be connected to an ISTS substation with existing connectivity. This development reinforces ACME Solar's strategic role in India's clean energy transition. With this addition, ACME Solar's PPA-signed capacity now stands at 5,130 MW, of which 2,826.2 MW is operational. The company also has a confirmed project pipeline of 1,840 MW for which Letters of Award have been received. Notably, 86% of its offtake agreements are with central government entities. The project has already received regulatory clearance from the Central Electricity Regulatory Commission (CERC), enhancing its implementation timeline certainty. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Economic Times
13-06-2025
- Business
- Economic Times
Stock Market LIVE Updates: Sensex off day's low, trades 900 pts lower; Nifty below 24,650; India VIX spikes 10%
All 13 sectoral indices ended in the red, while the broader small-cap and mid-cap indices, which are more domestically focused, dropped 2% each.1) Israeli strike on Iran2) Oil prices surge on supply fears3) Broader global selloff4) Risk-off sentiment lifts safe-haven assetsThe MSCI Asia ex-Japan index slipped 1.1%, as investors sought safety in assets like gold and the Swiss franc. Meanwhile, oil prices jumped 9% amid growing concerns over potential supply disruptions. Sensex Today | Stock Market | Nifty 50 Live Updates | Indian benchmark induces Sensex and Nifty tumbled on Friday, mirroring losses across Asian markets, after Israel carried out military strikes on Iran, intensifying tensions in the oil-rich Middle East. Sensex Today | Stock Market LIVE Updates: ONGC shares climb 3% as Brent crude spikes on Mideast tensions ONGC stock rose 3% on Friday, touching Rs 255.40, after Brent crude prices surged over $6 to $75.36 per barrel. The sharp rise in oil prices comes amid heightened geopolitical tensions following Israel's airstrikes on Iran, pushing crude to multi-month highs and boosting upstream oil stocks like ONGC. FOREX NEWS | RBI steps in to contain fallout of oil price jump on Rupee, traders say The Reserve Bank of India intervened in the currency market following a spike in oil prices, triggered by Israeli strikes on Iran. The rupee faced downward pressure. The RBI sold dollars to stabilize the currency. The rupee initially fell to 86.20 against the U.S. dollar. It recovered to 86. Sensex Today | Stock Market LIVE Updates: Force India among key companies bucking broader market selloff Sensex Today | Stock Market LIVE Updates: India bond yields hit 5-week high as surging oil prices add to bearishness before auction India's 10-year bond yield climbed to a five-week high on Friday, driven by a surge in crude oil prices and investor caution ahead of the weekly debt auction. The benchmark yield rose to 6.3192% from its previous close of 6.2798%. China, Hong Kong stocks fall as Israeli strikes on Iran weigh on risk assets Escalating Middle East tensions, triggered by Israeli strikes on Iran, sent shockwaves through Asian markets on Friday. Mainland China and Hong Kong stocks both experienced declines, with investors seeking refuge in safe-haven assets like gold and oil. The Shanghai Composite and Hang Seng Index fell by 0.72% and 0.7% respectively. Sensex Today | Stock Market LIVE Updates: ACME Solar adds 19.8 MW to Gujarat wind project, nears full commissioning ACME Solar has commissioned an additional 19.8 MW at its maiden wind power project in Shapar, Gujarat, bringing the total to 46.2 MW out of the planned 50 MW. With this, its total operational capacity now stands at 2,826.2 MW. Full commissioning is expected soon. Nifty50 Today | Stock Market LIVE Updates | Sectoral Watch Oil & gas, auto, media, FMCG, PSU back indices tumble over 1%. Stock Market LIVE Updates | Energy stocks tumble as Iran-Isreal tensions deepen BSE Energy index is down 1.5% or over 150 pts BPCL, IGL shares drop 4% each Nifty50 Today | Market LIVE Updates | Kotak Bank, Trent among top laggards as Nifty50 tests 24,600 mark Stock Market LIVE Updates | IOC, BPCL, other OMC's shares tumble up to 6% as Brent Crude prices cross $75 mark over Israel-Iran tensions The heightened geopolitical unrest has sparked fears of potential disruptions to global oil supplies, especially through key transit points like the Strait of Hormuz. Read More Shares of oil marketing companies (OMCs) fell by as much as 6% on Friday, as Brent crude futures surged $6 to $75.36 per barrel — their highest level in months — following an Israeli airstrike on Iran that sharply escalated tensions in the Middle heightened geopolitical unrest has sparked fears of potential disruptions to global oil supplies, especially through key transit points like the Strait of Hormuz. Stock Market LIVE Updates | Volatility Spike! Volatility index, India VIX spikes over 10% to a low of 14.02. FOREX NEWS | Rupee plummets 61 paise to 86.15 against US dollar in early trade Sensex Today | Stock Market LIVE Updates | RIL, HDFC Bank weigh Sensex lower Stock Market LIVE Updates | Sensex Heatmap All the top stocks open in red. L&T, Adani Ports top laggards Opening Bell: Sensex crashes 1,100 pts amid Mideast tensions flare up; Nifty below 24,550; India VIX spikes 14% Sensex Today | Stock Market LIVE Updates: Sensex tanks over 1,200 points, Nifty below 24,500 in pre-open trade Sensex Today | Stock Market LIVE Updates: Indian gold futures rise above 100,000 rupees per 10 grams for first time Sensex Today | Stock Market LIVE Updates: HCL Tech shares in focus after Volvo Cars picks firm for end-to-end engineering services HCL Tech shares will be in the spotlight on Friday after Swedish automaker Volvo Cars named the Indian IT giant as one of its strategic partners for engineering services. Read more Sensex Today | Stock Market LIVE Updates: Canara Bank shares in focus as board approves Rs 9,500 crore fundraise for FY26 Canara Bank shares will be in the spotlight on Friday after the lender announced that its board has approved a capital-raising plan of up to ₹9,500 crore for FY26 through the issuance of debt instruments. Read more Sensex Today | Stock Market LIVE Updates: Stocks to buy in 2025 for long term: PDS, Tata Technologies among 5 stocks that could give 10-60% return JM Financial has maintained a Buy rating on PDS Ltd, setting a target price of ₹690. This suggests a potential upside of 65% from its current market price of ₹417. Read more Sensex Today | Stock Market LIVE Updates: Indices decline 1% amid rising crude prices and geopolitical tensions India's equity indices fell 1% on Thursday, weighed down by escalating tensions in West Asia and a subsequent rise in crude oil prices, which dampened investor sentiment. Read more Sensex Today | Stock Market LIVE Updates: NBFCs turn top overseas borrowers in April with over $1.5 billion loans Non-banking financial companies (NBFCs) led overseas loan fundraising by Indian corporates in April, extending the trend observed throughout the previous financial year. Read more Sensex Today | Stock Market LIVE Updates: Oil jumps more than 10% as Israel strikes Iran, rattling investors Oil prices surged over 10% on Friday, reaching multi-month highs after Israel confirmed a strike on Iran, sharply escalating Middle East tensions and fueling concerns over potential disruptions to global oil supply. Read more Sensex Today | Stock Market LIVE Updates: Banks see 15% rise in non-SLR investments in FY25 amid strong market returns In FY25, banks' investments in non-Statutory Liquidity Ratio (SLR) instruments increased by 15%, while their SLR investments saw a 10% rise during the same period. Read more Sensex Today | Stock Market LIVE Updates: Reliance sells 3.6% Asian Paints for $900 million to SBI MF SBI Mutual Fund has reportedly purchased a 3.6% stake in Asian Paints from Reliance Industries Limited for ₹7,704 crore ($900 million), according to sources. This is likely the largest bilateral block deal between a domestic asset manager and a seller. The transaction allows Reliance to monetise a significant portion of its 17-year-old investment in Asian Paints, delivering substantial returns. Sensex Today | Stock Market LIVE Updates: Aten Papers and Foam IPO opens for subscription today. Check details Aten Papers and Foam's initial public offering (IPO) opens for subscription on June 13 and will close on June 17. The SME issue comprises a fresh offering of 33 lakh equity shares and seeks to raise ₹31.68 crore via the book-building process. Read more Sensex Today | Stock Market LIVE Updates: Oswal Pumps IPO opens today The Rs 1,387 crore initial public offering (IPO) of Oswal Pumps, a leading solar pump manufacturer, opens for subscription on June 13 and will remain open till June 17. The price band is set between Rs 584 and Rs 614 per share. Retail investors can apply for a minimum of 24 shares and in multiples thereafter. The Rs 1,387 crore initial public offering (IPO) of Oswal Pumps, a leading solar pump manufacturer, opens for subscription on June 13 and will remain open till June 17. The price band is set between Rs 584 and Rs 614 per share. Retail investors can apply for a minimum of 24 shares and in multiples thereafter. Read more Sensex Today | Stock Market LIVE Updates: Gold set for weekly gain as Middle East tensions boost safe-haven demand Gold prices rose on Friday and were on track for a weekly gain, driven by escalating tensions in the Middle East that lifted demand for safe-haven assets. A weaker dollar and expectations of upcoming interest rate cuts by the U.S. Federal Reserve also supported sentiment. Spot gold was up 0.8% at $3,412.29 an ounce as of 0028 GMT, marking a 3.1% gain so far this week. U.S. gold futures climbed 1.2% to $3,384.40. Gold prices rose on Friday and were on track for a weekly gain, driven by escalating tensions in the Middle East that lifted demand for safe-haven assets. A weaker dollar and expectations of upcoming interest rate cuts by the U.S. Federal Reserve also supported sentiment. Spot gold was up 0.8% at $3,412.29 an ounce as of 0028 GMT, marking a 3.1% gain so far this week. U.S. gold futures climbed 1.2% to $3,384.40. Read more Sensex Today | Stock Market LIVE Updates: RBI permits STRIPS trading in state government bonds The Reserve Bank of India has approved the trading of state government securities under the STRIPS format—Separate Trading of Registered Interest and Principal of Securities. This move allows market participants to trade bond principal and interest components separately. The decision, announced Thursday, follows consultations with individual state governments and Union Territories. Read more Sensex Today | Stock Market LIVE Updates: Oil surges over 5% as Israel strikes Iran, raising supply disruption fears Oil prices spiked sharply on Friday, climbing over 5% after Israel confirmed a military strike on Iran, intensifying fears of supply disruptions from the Middle East. Brent crude surged $3.91 (5.64%) to $73.27 a barrel, while WTI rose $4.09 (6.01%) to $72.13, hitting their highest levels since early April. Read more Sensex Today | Stock Market LIVE Updates: Forex News The euro fell 0.3% to $1.1547 The Japanese yen rose 0.3% to 143.06 per dollar The offshore yuan fell 0.1% to 7.1832 per dollar Sensex Today | Stock Market LIVE Updates: Global markets watch S&P 500 futures fell 1.8% as of 10:14 a.m. Tokyo time Japan's Topix fell 1.3% Australia's S&P/ASX 200 fell 0.4% Euro Stoxx 50 futures fell 1.8% Sensex Today | Stock Market LIVE Updates: Stocks tumble, oil and gold surge after Israeli strike on Iran Asian markets opened sharply lower on Friday as a reported Israeli military strike on Iran rattled global sentiment. U.S. futures dropped, while oil prices surged and investors rushed to traditional safe havens like gold and the Swiss franc. The escalation fuels fresh concerns over Middle East stability amid already fragile global market conditions. Sensex Today | Stock Market LIVE Updates| Stocks to Watch: Torrent Power, ICICI Bank, HCL Tech, Canara Bank, RIL in Focus Markets slipped over 1% on weekly expiry after a short consolidation phase. In today's session, key stocks like Torrent Power, ICICI Bank, HCL Tech, Canara Bank, and RIL are expected to remain in focus amid fresh news triggers and corporate developments. Markets slipped over 1% on weekly expiry after a short consolidation phase. In today's session, key stocks like Torrent Power, ICICI Bank, HCL Tech, Canara Bank, and RIL are expected to remain in focus amid fresh news triggers and corporate developments. Read more Sensex Today | Stock Market LIVE Updates: GIFT Nifty down 200 points; here's the trading setup for today's session GIFT Nifty on the NSE IX traded lower by 203 points, or 0.81 per cent, at 24,722, signalling that Dalal Street was headed for negative start on Friday. Read more Sensex Today | Stock Market LIVE Updates: Ahead of Market: 10 things that will decide stock market action on Friday Indian markets ended notably lower on Thursday, weighed down by a mix of global concerns such as rising Middle East tensions and cautious sentiment ahead of the weekly F&O expiry. IT stocks bore the brunt of the sell-off, dragging benchmark indices down by over 1%. Read more Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Thursday Indian equities witnessed a sharp sell-off on Thursday, weighed down by a combination of global jitters and domestic caution. The Sensex plunged 823 points to end at 81,692, while the Nifty dropped 253 points, closing just under the 24,900 level. The sell-off was led by IT stocks, with benchmark indices slipping over 1%. Read more
