Latest news with #ACMESolarHoldingsLtd
Time of India
10-06-2025
- Business
- Time of India
ACME Solar commissions 75 MW solar capacity in Rajasthan
ACME Solar Holdings Ltd on Monday said it has commissioned 75 megawatt capacity at its 300 MW solar project in Sikar, Rajasthan. The development follows the commissioning of 165 MW capacity at the ACME Sikar Solar Project earlier, the company said in a statement. ACME Solar Holdings Limited has commissioned an additional 75 MW of renewable energy capacity at its Sikar project, taking the total commissioned capacity to 240 MW out of the planned 300 MW. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nissan Qashqai fırsatı Nissan TR Teklif Al Undo With this, the company's total operational capacity has increased to 2,806.4 MW.
Time of India
28-05-2025
- Business
- Time of India
ACME Solar commissions 1st phase of 26.4 MW wind project in Gujarat; operational capacity reaches 2,731.4 MW
New Delhi: ACME Solar Holdings Ltd has commissioned the first phase of its 50 MW wind power project at Shapar in Gujarat, adding 26.4 MW and taking the company's total operational renewable energy capacity to 2,731.4 MW, according to a company statement. The ACME Pokhran wind project is being implemented in phases, and the 26.4 MW capacity commissioned is the initial stage. Prior to this, the company's operational capacity stood at 2,705 MW. The project is financed by Power Finance Corporation (PFC) and constructed in-house by ACME's EPC division using Envision 3.3 MW turbines. The power generated is pooled at a 33/220 kV pooling station and stepped up for evacuation via a dedicated single circuit 220 kV transmission line to the Shapar sub-station. The Shapar sub-station will also be used for evacuating power from ACME's upcoming 100 MW wind project currently under advanced stages of construction. The power generated from the ACME Pokhran wind project will be sold under a 25-year Power Purchase Agreement signed with Gujarat Urja Vikas Nigam Ltd (GUVNL). ACME Solar Holdings has a total renewable energy portfolio of 6,970 MW comprising solar, wind, firm and dispatchable renewable energy (FDRE), and hybrid projects. Of this, 2,731.4 MW is operational, while the remaining 4,238.6 MW is at various stages of implementation.
Time of India
21-05-2025
- Business
- Time of India
ACME's FY25 net profit rises 130% to 251cr
Jaipur: ACME Solar Holdings Ltd reported a 130.7% increase in profit after tax (PAT) to Rs 251 crore in the financial year ended March 2025 (FY25), compared to Rs109 crore in FY24. Revenue in FY25 increased to Rs 1,575 crore from Rs 1,466 in FY24, registering a growth of 7.4%. During the reporting year, the company won 1,900 MW capacity comprising 1,000 MW FDRE, 600 MW solar and 300 MW hybrid projects. Manoj Kumar Upadhyay, chairperson & MD, ACME Solar Holdings Ltd, said, "As we continue to scale our presence in the hybrid and FDRE space, our business is becoming more resilient and future ready." ACME is a leading integrated renewable energy player with a diversified portfolio of 6,970 MW spanning solar, wind, FDRE and hybrid solutions. The company is one of the top 10 renewable energy Independent Power Producers in India with an operational capacity of 2,705 MW and under-construction capacity of 4,265 MW. tnn
Time of India
21-05-2025
- Business
- Time of India
ACME Solar commissions 112.5 MW second phase of Sikar project; operational capacity at 2,705 MW
New Delhi: ACME Solar Holdings Ltd has commissioned 112.5 MW of capacity under the second phase of its Sikar Solar Power Project in Bikaner, Rajasthan, taking the project's total commissioned capacity to 165 MW out of a planned 300 MW, the company said on Tuesday. The 112.5 MW was commissioned on May 19, 2025, following the earlier commissioning of 52.5 MW in early May. The remaining 135 MW is currently under commissioning. With this milestone, ACME Solar's total operational capacity has increased from 2,592.5 MW to 2,705 MW. The company said the Sikar Solar Project is expected to generate approximately 780 million units of clean energy annually once fully commissioned. The electricity generated will be sold on power exchanges on a merchant basis and allocated based on optimal commercial utilization.
