ACME Solar Holdings Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

ACME Solar Holdings announced that the Board of Directors of the Company at its meeting held on 25 April 2025, inter alia, have recommended the interim dividend of Rs 0.2 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 25 April 2025.

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The financing initiative aims to support a project life of 18 to 20 years, focusing on refinancing existing debt facilities and reducing financing costs for the company's 490 MW operational renewable energy projects across Andhra Pradesh, Rajasthan, and Punjab.

This refinancing of state counterparty projects has been secured from the State Bank of India (SBI) and Rural Electrification Corporation (REC) at a reduced weighted average interest rate of 8.8%. This strategic move has improved the credit profile and secured a higher credit rating for the Andhra Pradesh and Punjab entities under a co-obligor structure.

This move aligns with the group's objective of achieving a credit rating upgrade and reducing overall interest costs for all operational projects. The Andhra Pradesh (160 MW) and Punjab (30 MW) projects have an operational track record of approximately nine years, while the Rajasthan project (300 MW) has been operational for around three years.

ACME Solar Holdings is at the forefront of India?s transition to clean energy, with an operational capacity of 2,540 MW and a robust target of reaching 6,970 MW within the next three years.

Purushottam Kejriwal, chief financial officer of ACME Solar Holdings, said, ?The refinancing initiative aligns with our strategy to create an efficient capital structure while consistently reducing cost of debt. We have been able to improve our projects? credit ratings by demonstrating our commitment to financial discipline and stability. The reduced cost of debt enables us to further strengthen our financial position as we pursue capacity growth over the next three years.?

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 company?s consolidated net profit surged 152.14% to Rs 112.05 crore in Q3 FY25 as compared with Rs 44.44 crore in Q3 FY24. Revenue from operations increased 5.24% YoY to Rs 349.01 crore during the quarter.

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ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 25 April 2025.

Powered by Capital Market - Live News

The financing initiative aims to support a project life of 18 to 20 years, focusing on refinancing existing debt facilities and reducing financing costs for the company's 490 MW operational renewable energy projects across Andhra Pradesh, Rajasthan, and Punjab.

This refinancing of state counterparty projects has been secured from the State Bank of India (SBI) and Rural Electrification Corporation (REC) at a reduced weighted average interest rate of 8.8%. This strategic move has improved the credit profile and secured a higher credit rating for the Andhra Pradesh and Punjab entities under a co-obligor structure.

This move aligns with the group's objective of achieving a credit rating upgrade and reducing overall interest costs for all operational projects. The Andhra Pradesh (160 MW) and Punjab (30 MW) projects have an operational track record of approximately nine years, while the Rajasthan project (300 MW) has been operational for around three years.

ACME Solar Holdings is at the forefront of India?s transition to clean energy, with an operational capacity of 2,540 MW and a robust target of reaching 6,970 MW within the next three years.

Purushottam Kejriwal, chief financial officer of ACME Solar Holdings, said, ?The refinancing initiative aligns with our strategy to create an efficient capital structure while consistently reducing cost of debt. We have been able to improve our projects? credit ratings by demonstrating our commitment to financial discipline and stability. The reduced cost of debt enables us to further strengthen our financial position as we pursue capacity growth over the next three years.?

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 company?s consolidated net profit surged 152.14% to Rs 112.05 crore in Q3 FY25 as compared with Rs 44.44 crore in Q3 FY24. Revenue from operations increased 5.24% YoY to Rs 349.01 crore during the quarter.

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ACME Solar Holdings has secured Rs 2,491 crore long term project finance facility for project life of 18- 20 years to refinance its existing debt facilities and reduce cost of financing of its 490 MW operational renewable energy projects in Andhra Pradesh, Rajasthan and Punjab.

This refinancing of state counterparty projects has been secured from SBI and REC at reduced weighted average interest rate of 8.8%. This has helped to improve the credit profile and obtain higher credit rating for Andhra Pradesh and Punjab entities under co-obligor structure. This aligns well with group's goal of credit upgrade and bringing overall interest cost down for all operational projects. The operational track record for AP (160 MW) & Punjab (30 MW) Project is ~9 years and Rajasthan (300 MW) is ~3 Years.

According to Purushottam Kejriwal, Chief Financial Officer of ACME Solar Holdings, ?The refinancing initiative aligns with our strategy to create an efficient capital structure while consistently reducing cost of debt. We have been able to improve our projects' credit ratings by demonstrating our commitment to financial discipline and stability. The reduced cost of debt enables us to further strengthen our financial position as we pursue capacity growth over the next three years.?

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ACME Solar Holdings announced that the Board of Directors of the Company at its meeting held on 25 April 2025, inter alia, have recommended the interim dividend of Rs 0.2 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 25 April 2025.

Powered by Capital Market - Live News

The financing initiative aims to support a project life of 18 to 20 years, focusing on refinancing existing debt facilities and reducing financing costs for the company's 490 MW operational renewable energy projects across Andhra Pradesh, Rajasthan, and Punjab.

This refinancing of state counterparty projects has been secured from the State Bank of India (SBI) and Rural Electrification Corporation (REC) at a reduced weighted average interest rate of 8.8%. This strategic move has improved the credit profile and secured a higher credit rating for the Andhra Pradesh and Punjab entities under a co-obligor structure.

This move aligns with the group's objective of achieving a credit rating upgrade and reducing overall interest costs for all operational projects. The Andhra Pradesh (160 MW) and Punjab (30 MW) projects have an operational track record of approximately nine years, while the Rajasthan project (300 MW) has been operational for around three years.

ACME Solar Holdings is at the forefront of India?s transition to clean energy, with an operational capacity of 2,540 MW and a robust target of reaching 6,970 MW within the next three years.

Purushottam Kejriwal, chief financial officer of ACME Solar Holdings, said, ?The refinancing initiative aligns with our strategy to create an efficient capital structure while consistently reducing cost of debt. We have been able to improve our projects? credit ratings by demonstrating our commitment to financial discipline and stability. The reduced cost of debt enables us to further strengthen our financial position as we pursue capacity growth over the next three years.?

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 company?s consolidated net profit surged 152.14% to Rs 112.05 crore in Q3 FY25 as compared with Rs 44.44 crore in Q3 FY24. Revenue from operations increased 5.24% YoY to Rs 349.01 crore during the quarter.

Powered by Capital Market - Live News

ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 25 April 2025.

Powered by Capital Market - Live News

The financing initiative aims to support a project life of 18 to 20 years, focusing on refinancing existing debt facilities and reducing financing costs for the company's 490 MW operational renewable energy projects across Andhra Pradesh, Rajasthan, and Punjab.

This refinancing of state counterparty projects has been secured from the State Bank of India (SBI) and Rural Electrification Corporation (REC) at a reduced weighted average interest rate of 8.8%. This strategic move has improved the credit profile and secured a higher credit rating for the Andhra Pradesh and Punjab entities under a co-obligor structure.

This move aligns with the group's objective of achieving a credit rating upgrade and reducing overall interest costs for all operational projects. The Andhra Pradesh (160 MW) and Punjab (30 MW) projects have an operational track record of approximately nine years, while the Rajasthan project (300 MW) has been operational for around three years.

ACME Solar Holdings is at the forefront of India?s transition to clean energy, with an operational capacity of 2,540 MW and a robust target of reaching 6,970 MW within the next three years.

Purushottam Kejriwal, chief financial officer of ACME Solar Holdings, said, ?The refinancing initiative aligns with our strategy to create an efficient capital structure while consistently reducing cost of debt. We have been able to improve our projects? credit ratings by demonstrating our commitment to financial discipline and stability. The reduced cost of debt enables us to further strengthen our financial position as we pursue capacity growth over the next three years.?

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 company?s consolidated net profit surged 152.14% to Rs 112.05 crore in Q3 FY25 as compared with Rs 44.44 crore in Q3 FY24. Revenue from operations increased 5.24% YoY to Rs 349.01 crore during the quarter.

Powered by Capital Market - Live News

ACME Solar Holdings has secured Rs 2,491 crore long term project finance facility for project life of 18- 20 years to refinance its existing debt facilities and reduce cost of financing of its 490 MW operational renewable energy projects in Andhra Pradesh, Rajasthan and Punjab.

This refinancing of state counterparty projects has been secured from SBI and REC at reduced weighted average interest rate of 8.8%. This has helped to improve the credit profile and obtain higher credit rating for Andhra Pradesh and Punjab entities under co-obligor structure. This aligns well with group's goal of credit upgrade and bringing overall interest cost down for all operational projects. The operational track record for AP (160 MW) & Punjab (30 MW) Project is ~9 years and Rajasthan (300 MW) is ~3 Years.

According to Purushottam Kejriwal, Chief Financial Officer of ACME Solar Holdings, ?The refinancing initiative aligns with our strategy to create an efficient capital structure while consistently reducing cost of debt. We have been able to improve our projects' credit ratings by demonstrating our commitment to financial discipline and stability. The reduced cost of debt enables us to further strengthen our financial position as we pursue capacity growth over the next three years.?

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