ACME Solar Holdings Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Small Cap

ACME Solar Holdings has appointed Ayalur S Kumar as Chief Procurement Officer and Supply Chain of the company strengthening its leadership team as it accelerates its growth plans of achieving 10 GW operational contracted capacity by 2030 in the renewable energy business.

Kumar brings 30 years of experience in procurement, supply chain strategies, operations and logistics across renewable energy, EV infrastructure, biorefinery and power sectors, including more than 15 years in senior leadership roles. He has deep expertise in building and scaling procurement organizations, leading cross-cultural teams, driving supplier relationship management and sustainability assessments, and optimizing globally aligned yet locally anchored supply chains, with a track record of high-tech component sourcing, project insurance optimization and technology transfer. His prior roles with Fortum, Skoda Power, ABB and Alstom along with strong academic foundation that includes a B.Tech in Mechanical Engineering and an MBA in International Business from IIFT, New Delhi.

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ACME Solar Holdings through its wholly-owned subsidiary, ACME Platinum Urja, has signed a 25-year Power Purchase Agreement (PPA) with SECI for its 200 MW Solar with 100 MW/400 MWh ESS project at a tariff of INR 3.42 per unit. The PPA was signed on 24 November 2025 post adoption of tariff by Central Regulator and power procurement approval by State Regulator. SECI had awarded the Letter of Award to ACME Solar for a cumulative capacity of 350 MW in July 2024, out of which the Company had already signed a PPA for 150 MW in October 2024. The current milestones brings the project's full capacity under PPA.

Under the project, ACME Solar is required to supply power with annual Capacity Utilization Factor (CUF) of 25%-27% during solar hours, and ensure minimum availability of 70% on a monthly basis and 85% on an annual basis during the evening peak hours. The project is scheduled to be commissioned by June 2027. Project timeline will benefit from final grant of connectivity already available for this project with Acme Solar.

Following this milestone, ACME Solar has cumulatively signed PPAs of 800 MW contracted capacity which include BESS capacity of 2,320 MWh in the current financial year. This brings ACME Solar's overall PPA signed capacity to 5,380 MW.

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According to the company?s exchange filing, the PPA covers a 200 MW solar project integrated with a 100 MW/400 MWh energy storage system (ESS) at a tariff of Rs 3.42 per unit. The agreement was finalized on 24 November 2025, following tariff adoption by the Central Regulator and power procurement approval by the State Regulator.

SECI had earlier awarded ACME Solar a Letter of Award for 350 MW in July 2024. The company had already signed a PPA for 150 MW in October 2024, and with the latest agreement, the entire 350 MW capacity is now tied under PPA.

Under the contract, ACME Solar must deliver power with an annual Capacity Utilization Factor (CUF) of 25%?27% during solar hours while maintaining minimum availability of 70% monthly and 85% annually during evening peak hours. The project is expected to be commissioned by June 2027, aided by the availability of the final connectivity grant.

With this milestone, ACME Solar has signed PPAs totaling 800 MW of contracted capacity, including 2,320 MWh of battery energy storage, in the current financial year. This increases the company?s cumulative PPA-backed capacity to 5,380 MW.

ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects.

The company?s consolidated net profit stood at Rs 115.06 crore in Q2 FY26, up 652.51% as against Rs 15.29 crore in Q2 FY25. Revenue from operations jumped 80.18% YoY to Rs 467.74 crore in Q1 September 2025.

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The company?s winning bid stood at Rs 4.35 per unit.

The bid is aimed at the procurement of power by the Indian Railways, which requires a consistent power profile throughout the day due to its unique load requirements. Under the tender, the Railways will enter into a direct Power Purchase Agreement (PPA) with the winning bidders, eliminating intermediaries.

The tariff discovered in the auction highlights the competitiveness of renewable energy in providing high CUF power around the clock through co-located solar, wind, and battery solutions at competitive prices.

As per the tender, ACME Solar will supply renewable energy complemented with dispatchable sources and/or Energy Storage Systems (ESS) from ISTS-connected projects to ensure firm, round-the-clock clean power. The project requires a minimum annual availability of 75% for the first three years from commissioning, increasing to 85% thereafter. Achieving this will involve optimal deployment of solar, battery, and complementary wind power.

ACME Solar is expected to commission the project within 30 months of signing the PPA, leveraging available land and connectivity within its existing portfolio.

ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects.

The company?s consolidated net profit stood at Rs 115.06 crore in Q2 FY26, up 652.51% as against Rs 15.29 crore in Q2 FY25. Revenue from operations jumped 80.18% YoY to Rs 467.74 crore in Q1 September 2025.

Shares of ACME Solar Holdings shed 0.99% to Rs 235.65 on the BSE.

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