Latest news with #ACMESolar
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Business Standard
5 days ago
- 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.
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.
Hans India
20-05-2025
- Business
- Hans India
ACME Solar's net profit for FY25 crashes over 64 pc to Rs 250.8 crore
Gurugram-based renewable energy player ACME Solar Holdings Limited has reported a steep decline of over 77 per cent year-on-year (YoY) in its consolidated net profit, which dropped to Rs 122 crore in the March 2025 quarter (Q4 FY25). The company had posted a net profit of Rs 532.3 crore in the same period last financial year, according to its stock exchange filing. For the full financial year (FY25), ACME Solar's net profit declined by around 64 per cent to Rs 250.8 crore, compared to Rs 697.7 crore in FY24. The sharp fall in profits came despite a strong rise in revenue. The company's revenue from operations in Q4 stood at Rs 486.88 crore, up from Rs 295.16 crore a year ago -- marking a YoY growth of nearly 65 per cent. Total income also increased significantly to Rs 539.2 crore in Q4 FY25, from Rs 318 crore in the corresponding quarter last fiscal -- showing a 69.56 per cent rise. However, finance costs grew to Rs 205.5 crore from Rs 177.3 crore in the same period last fiscal -- an increase of around 15.90 per cent. Depreciation and amortisation expenses also rose sharply to Rs 102.2 crore, up 66.99 per cent from Rs 61.2 crore in Q4 FY24. Despite the decline in profits, the company highlighted strong operational progress. Chairperson and Managing Director Manoj Kumar Upadhyay said FY25 was a 'remarkable year' for ACME Solar, as it expanded its operational portfolio and commissioned its largest single-location project -- a 1,200 MW SECI ISTS solar project. He added that the company is now witnessing stronger earnings performance, with Q4 revenue rising 70 per cent YoY to Rs 539 crore and EBITDA jumping 118 per cent to Rs 488 crore. He also stated that ACME's focus on hybrid and firm-dispatchable renewable energy (FDRE) solutions is making the business more resilient.
Time of India
10-05-2025
- Business
- Time of India
ACME Solar commissions first phase of Sikar project in Rajasthan
New Delhi: ACME Solar Holdings on Friday said it has commissioned the first phase of the 300-MW of Acme Sikar Solar power project in Rajasthan, envisaging generation of 52.5 MW. With the commissioning of the first phase, the operational capacity of the company will increase to 2,592.5 MW. Strategically located in one of India's highest solar irradiation zones, it is poised to be an important contribution to India's renewable energy goals, the company said in a statement. According to the statement, the ACME Solar Holdings Ltd (ACME Solar) has commissioned the first phase of ACME Sikar Solar power project in Bikaner, Rajasthan. The current commissioning of 52.5 MW is part of the 300 MW solar project to be fully commissioned in phases. With this milestone, the company's total operational capacity has increased from 2,540 MW to 2,592.5 MW, it stated. The ACME Sikar Solar power project is spread across 1,300 acres in Bikaner, Rajasthan. The clean energy harnessed through this project is pooled at inverter stations and stepped up for evacuation to Bikaner-II grid using a dedicated single circuit 220 kV transmission line, as per the statement. Financed through PFC Ltd, this project is anticipated to generate approximately 780 million units of clean energy annually following its full commissioning, it said. The power generated from the project will be sold on power exchanges on merchant basis and it shall be suitably allocated based on optimal commercial utilisation, it said. ACME Solar Holdings is a leading integrated renewable energy player with a diversified portfolio of 6,970 MW spanning solar, wind, FDRE and hybrid solutions. With this commissioning, the operational capacity of ACME Solar stands at 2,592.5 MW with another 4,377.5 MW at various stages of implementation.
Business Upturn
09-05-2025
- Business
- Business Upturn
ACME Solar commissions first phase of 52.5 MW out of 300 MW Sikar solar power project in Rajasthan
By Aman Shukla Published on May 9, 2025, 15:40 IST ACME Solar Holdings Limited has commissioned the first phase of its Sikar Solar Power Project located in Bikaner, Rajasthan. The commissioned capacity of 52.5 MW is part of the larger 300 MW project that is scheduled to be completed in multiple phases. With this development, ACME Solar's total operational solar power capacity has increased from 2,540 MW to 2,592.5 MW. The project is situated on approximately 1,300 acres in Bikaner, an area recognized for high solar irradiation levels. Energy generated by the solar panels is pooled at inverter stations and stepped up for grid evacuation through a dedicated single-circuit 220 kV transmission line connected to the Bikaner-II grid substation. Financing for the project has been provided by PFC Limited. Upon full commissioning, the project is expected to generate around 780 million units of electricity annually. The generated power will be sold on power exchanges on a merchant basis, with allocation determined by commercial optimization strategies. This project adds to the growing number of solar installations contributing to India's renewable energy infrastructure. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
