Acme Solar Holdings: Small-cap stock bags NHPC's 275 MW battery storage deal in Andhra Pradesh. Details here
Small-cap stock: Acme Solar Holdings on Thursday, 26 June 2025, emerged as the winner of the NHPC tender in Andhra Pradesh, where the company will be tasked with creating a 275 megawatt (MW) battery storage unit, according to an exchange filing.
'ACME Solar Holdings Limited has emerged as the winning bidder for NHPC's tender for cumulative capacity of 275 MW/550 MWh standalone Battery Energy Storage System (BESS) projects in Andhra Pradesh across two projects at Kuppam and Ghani,' said the company in the BSE filing.
According to the filing data, the company secured the Kuppam project deal at a monthly tariff of ₹ 2,10,000 per MW with a capacity of 50 MW, while the Ghani project was at a tariff of ₹ 2,22,000 per MW with a capacity of 225 MW.
As part of the project, the company will also receive the viability gap funding of ₹ 27 lakh per MWh or 30 per cent of the total project cost, whichever is lower.
'We feel privileged for the opportunity to develop NHPC's standalone Battery Energy Storage System project in Andhra Pradesh. This milestone reflects ACME Solar's commitment to pioneering innovative clean energy solutions that strengthen India's grid reliability and accelerate the nation's renewable energy transition,' said Rahula Kashyapa, the chief commercial officer of Acme Solar.
Acme Solar Holdings shares closed 0.62 per cent higher at ₹ 246.70 after Thursday's stock market close, compared to ₹ 248.25 in the previous market close. The company announced the NHPC deal update after the stock market hours on 26 June 2025.
The shares of the renewable energy producer have given the investors more than 7.63 per cent returns since its listing on the Indian stock market in November 2024.
On a year-to-date (YTD) basis, the shares have given 4.96 per cent returns in 2025, and are trading 1.19 per cent in the last five stock market sessions.
Acme Solar Holdings shares hit their 52-week high level at ₹ 292 on 4 December 2024 and their 52-week low level at ₹ 167.55 on 28 January 2025, according to the data collected from the BSE website.
The company's market capitalisation (M-Cap) was at ₹ 14,954.74 crore as of the stock market close on Thursday, 26 June 2025.
Read all stories by Anubhav Mukherjee
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
27 minutes ago
- Business Standard
INR extends winning streak
The Indian rupee extends winning streak on Friday amid sustained weakness in greenback overseas. The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, sinks to its lowest level in three and a half years under 97 mark following ceasefire between Israel and Iran. INR opened at Rs 85.50 per dollar and climbed to a high of 85.46 so far during the day. Yesterday, rupee rose 34 paise to 85.75 (provisional) against the US dollar on the back of a sharp drop in the greenback and a strong show in the domestic equity markets amid rise in risk appetite. The benchmark 30-share BSE Sensex surged 1,000.36 points, or 1.21 percent, to 83,755.87 while the broader NSE Nifty index closed at 25,549, up 304.25 points, or 1.21 percent, from its previous close. On the NSE, USDINR futures ended lower by 0.38% at 85.75.
Economic Times
37 minutes ago
- Economic Times
FIIs to return in a big way post BTA with US; IT a big pick for next 18 months: Sunil Subramaniam
Sunil Subramaniam, Market Expert, anticipates a significant return of Foreign Institutional Investors to India after the BTA signing with the US. He suggests focusing on the IT sector for short-term gains, expecting a continued catch-up rally. Private sector lenders, including banks, NBFCs, and gold financing companies, are also highlighted. ADVERTISEMENT The markets are doing really great. Benchmarks as well as the broader markets are throwing up good opportunities. But no matter how much strength the Indian markets show, the foreign institutional investors are not coming back. Do you think the nervousness of FIIs is temporary and they will also come back to Indian markets just like the DIIs? Sunil Subramaniam: Yes, I think so. Over the last six months, there has been so much geopolitical uncertainty, apart from the tariff situation where it does affect India. The Indo-Pak war was India specific and then even in the Israel-Iran war, there was the oil price spike and the fears around that. As a result, internationally, there has been news which has given rise to concern on the short-term implications of this geopolitics on India. That is why compared with the previous time when the Hamas attack or the Russia-Ukraine war, FIIs were not so nervous about the Indian markets, because it was a distance away from India. But this time, it is closer to home, especially considering oil. Now that a ceasefire looks very probable and so from the fact that right from the budget onwards, we have had only positive news around the India front coming through. But the FIIs have not been able to take advantage of this because they were worried. For example, oil has a big impact on multiple sectors, fiscal deficit, everything. So, when you look at an FII, they largely look at India as a stock. And when you put in the risk factors in the stock, oil has a big weightage there and it is very hard for an individual FII to go against the numbers because they do a lot of algorithmic trading. The computer feeds in a lot of negatives about India which are perceived to be negatives. And until they get clarity, they cannot take a call. But now that the oil situation looks to be easing from an uncertain point of view, I think the FIIs are poised to come back to the country in a reasonably big way. But there still remains one uncertain event which will probably be the final trigger post wherein I expect a flood of FIIs money to come in and that is the signing of the BTA. I think there is still uncertainty because the US has gone ahead and signed with the UK. They have kind of done a deal with China. But with India specifically, there has been a lot of action, a lot of bilateral trade meetings happening, both the initial Modi-Trump meeting and even the latest one, Mr Trump said, oh, I am going to do a trade deal with Modi, but it has to be signed and delivered. Meanwhile, in July, the 90-day pause is coming to an end and to that extent, FIIs will still be a bit cautious because they would not want to take a sector call. ADVERTISEMENT In which sector will India come out a winner and where the US will extract some concessions from India is still out in the open. So, they would not like to take that risk now and they would rather wait for the uncertainty to go away before they come back. Otherwise, domestically there is nothing that is a hindrance to their coming in, a very supportive RBI through multiple actions, a supportive fiscal action through putting money in the hands of the middle class, a good monsoon forecast, as well as the ground level GST numbers, the PMI numbers all of which are coming positive. That is why domestic fund managers this month have deployed their cash in a big way. They were also uncertain through the earning season up until the end of May, and now those earnings have come out, it seemed that sequentially all the earnings have done better. Yes, against expectations, it was mixed, but at least that uncertainty is over now. ADVERTISEMENT I want to understand one of your comments which you made on the oil front. You said the situation has eased, and even the price is reflecting that. But in sectors like paints, aviation, what outlook do you hold now? Is it the right time to enter or should one wait and watch? Sunil Subramaniam: When you look at it purely from an oil related perspective, you would say an easing would make sense. But the point is that only one part of aviation, the paints, is the demand side of the business and there is no concern. I see aviation demand really going through quite well and then, you have also seen paints as a part of discretionary. I expect it to do well with the housing sector gaining momentum. So, yes, given that this uncertainty has led to some volatility in the price, it is a good time to accumulate those stocks. But having said so, if one is considering creating a portfolio, doing investment for a longer term, how should one create a mutual fund like portfolio in this market uncertainty. Yes, the undertone of the domestic market is certain, the undertone is bullish, but what are the sectors one should consider? Sunil Subramaniam: I would put this into two buckets. The first is the portfolio for a one, one-and-a-half year period and second is a portfolio for a three, five, seven-year period. The reason I am separating these two out is because in the short run, there have been sectors which have underperformed over the last six months and I expect them to play a catch-up, especially where FIIs have interest because as we just spoke, I expect FII return to happen in a big way post the BTA signing. ADVERTISEMENT So, from a shorter-term perspective, my vote would be to go for IT. I have been saying that for the last couple of weeks. On a six-month basis, the underperformance of the Nifty IT index is about 10% to the Nifty, whereas just a few weeks ago it was 17%. So, already there has been a 7% catchup rally. I expect this to sustain and for it is a next one-and-a-half-year call. IT is a big pick. The second would be private sector lenders whether they are private banks or good quality NBFCs or even gold financing and other companies because the impact of the tax breaks plus the RBI rate cut in terms of reducing EMIs will be felt within the realty, auto, consumer durable space and there the private lenders will do well. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
37 minutes ago
- Time of India
UNESCO working with India on impact of AI in addressing social economic issues: Official
Academy Empower your mind, elevate your skills The UNESCO is working with India on the impact of artificial intelligence (AI) in addressing social and economic issues with technological innovation as New Delhi prepares to host the global summit on AI impact early next year, an official said on Friday."India is a shining star for the rest of the world in terms of digital transformation and in terms of addressing some of the social and economic issues with technological innovation and the right policy," said Irakli Khodeli, Head of Ethics of AI Unit, Social and Human Sciences Sector, UNESCO."The world is looking up to India to learn about that. It would be a significant part of the next year's summit as well," the United Nations Educational, Scientific and Cultural Organisation (UNESCO) official told PTI here at the "Third UNESCO Global Forum on the Ethics of AI 2025".UNESCO, which has 193 countries as members, held the first summit in 2023 in the UK and the second in 2024 in South Korea on AI "Safety". The event was held in Paris in February this year on AI "Action"."It is time now for action to demonstrate AI impact," he said, pointing out that the time for discussing the ethical framework had passed with the recommendation report on AI."We hope to be working with the (Indian) government as we start preparing for the Global Summit on AI Impact to be hosted by India early next," Khodeli said."This is going to be a major event as participants will give updates, share their experiences and lessons learned," he underlining UNESCO's working relationship with the Indian government as a knowledge partner during India's G20 Presidency in 2023, said: "India has been an important partner of UNESCO in our journey from the very beginning when the AI recommendation was prepared."India played a critical role and had an expert in the 24-member advocate group that prepared the Ethics of Artificial Intelligence Recommendation report -- a primary instrument adopted four years ago by the 193 UNESCO member official said the ethics policy is universally valid and pursued the report, UNESCO has deployed another report, "Readiness Assessment Methodology", for member countries to understand AI opportunities and the gaps to be filled for them to take full advantage of the revolutionary technology."India is one of the top innovators - both in terms of technology and also in term of policy to govern the technology," observed Khodeli, underscoring the importance of policy innovation to ensure the technology is put to the best use for mankind, and create an environment that is conducive to investment and noted India's extensive work on technologies, and said UNESCO was capturing those good practices, knowledge and experiences of governance of AI to make them available to the rest of the world for them to replicate such return, UNESCO is also bringing to India what the grouping has learned from the rest of the world, citing the example of the Bangkok Forum, where brainstorming sessions were held by close to 50 member countries, represented by senior officials at ministerial levels, he said."We are doing the Readiness Assessment with over 70 countries. We are learning a lot about what works to promote AI and what doesn't work," he said, adding that the experiences and knowledge are shared with members, including India."India is famous for exporting its talent, and everybody knows the important part the people of Indian-origin play in big tech corporations around the world. That is something to be very proud of," he said UNESCO wants AI engineers to consider ethics as part of designing the technology, and during various talent trainings, ethics is part of the the AI as an incredible breakthrough by humanity, Khodeli felt more work needed to be done to make the technology less access to AI means more data centres and infrastructure for the ecosystem that is currently resource-intensive, he called for a balance and parallel development of technology in terms of environment and resources, as this technology is predictable and beyond human brain revolution."We need to focus on new AI systems that are less resource-intensive," he emphasised, adding, "This transformation of AI is set to continue."
