Latest news with #ACMESolarHoldings
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.
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Business Standard
28-05-2025
- Business
- Business Standard
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.
Business Standard
20-05-2025
- Business
- Business Standard
Acme Solar Q4 PAT fall 77% YoY to Rs 123 cr
Acme Solar Holdings reported a 76.82% decline in consolidated net profit to Rs 123.36 crore in Q4 FY25, compared to Rs 532.39 crore in Q4 FY24. Despite the steep drop in profitability, the companys revenue from operations surged 64.95% to Rs 486.89 crore during the quarter, reflecting strong topline growth. The company reported a profit before exceptional items of Rs 180.35 crore, compared to a loss of Rs 14.99 crore in the same period last year. However, the firm has reported an exceptional loss of Rs 14.08 crore was recorded during the quarter. EBITDA for the quarter increased sharply by 118.3% YoY to Rs 488 crore, up from Rs 224 crore in Q4 FY24. The EBITDA margin also improved significantly to 90.5% in Q4 FY25, from 70.3% reported in Q4 FY24. For the full financial year FY25, the companys consolidated net profit dropped 63.87% to Rs 252.11 crore, even as revenue from operations rose 6.54% to Rs 1,405.13 crore compared to FY24. The companys net debt stood at Rs 7,507 crore as of FY25, with Rs 6,232 crore linked to the operational portfolio and Rs 1,275 crore associated with under-construction (UC) capacity. The net debt-to-EBITDA ratio came in at 4.4x, comfortably within the companys target range of 5.5x. During the year, Acme commissioned 1,200 MW of solar power projects. In addition, 165 MW of capacity was commissioned in May 2025, representing a 101.9% increase over the previous fiscal year. The company won 1,900 MW in new projects, taking its total portfolio to 6,970 MW. It also signed 1,890 MW of Power Purchase Agreements (PPAs) during FY25. Operationally, the company achieved a Capacity Utilisation Factor (CUF) of 25.6%, generating 4,013 million units (MUs) of electricityup 55.2% year-on-year. Acme also strengthened its balance sheet through an equity raise, improving the net debt-to-net worth ratio to 1.7x, positioning the company well for future growth. Manoj Kumar Upadhyay, chairperson & MD, ACME Solar Holdings, said, As Indias energy landscape evolves, ACME Solar is well-positioned to lead the transition towards integrated, scalable, and firm renewable energy solutions. FY25 has been a remarkable year for us. We significantly expanded our operational portfolio and successfully commissioned our largest single-location projectthe 1,200 MW SECI ISTS solar project. This capacity build-out, aligned with disciplined capital structuring, is now translating into stronger earnings performance. In Q4 FY25, our revenue rose by 70% year-on-year to Rs 539 crore, while EBITDA surged 118% to Rs 488 crore. As we continue to scale our presence in the hybrid and FDRE space, our business is becoming more resilient and future ready. With over 4,265 MW under construction and strong alignment across stakeholders, we are confident in our ability to deliver sustained growth and long-term value creation. Looking ahead, we are targeting a contracted capacity portfolio of 10 GW by 2030, reinforcing our commitment to sustainable growth and energy transition leadership. 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 counter slipped 2.94% to Rs 239.05 on the BSE.
