Latest news with #andDispatchableRenewableEnergy
Business Standard
21 hours ago
- Business
- Business Standard
ACME Solar Holdings spurts after reporting multi-fold jump in Q1 PAT
ACME Solar Holdings rallied 6.42% to Rs 287.60 after the company's consolidated net profit stood at Rs 130.83 crore in Q1 FY26, steely higher than Rs 1.39 crore in Q1 FY25. Revenue from operations jumped 65% YoY to Rs 510.98 crore in Q1 June 2025. Profit before tax (PBT) surged 247% to Rs 174.39 crore in Q1 FY26 compared with Rs 50.25 crore in Q1 FY25. EBITDA stood at Rs 531 crore in Q1 FY26, registering the growth 75.7% compared with Rs 302 crore in Q1 FY25. EBITDA margin stood at 90.9% in Q1 FY26 as against 88.8% in Q1 FY25, on account of higher scale and favorable operating leverage. The company generated 1,636 million units (MUs) in Q1 FY26, recording the growth of 107.1% from Q1 FY25, driven by higher CUF and new capacity addition. The capacity utilization factor (CUF) improved from 27.0% in Q1 FY25 to 28.5% in Q1 FY26. Manoj Kumar Upadhyay, chairperson & MD, ACME Solar Holdings, said, We are proud to report another strong quarter, marked by robust financial performance and meaningful operational progress. The commissioning of 350 MW, including our first wind project, underscores our commitment to diversifying our clean energy portfolio. Securing our maiden standalone battery storage projects is a landmark moment - positioning us at the forefront of the energy transition as we scale solutions that enhance grid reliability and flexibility. Our continued focus on execution excellence and disciplined financial management is clearly reflected in our margin expansion, significant improvement in cash PAT, and reduced debt cost. The adoption of tariffs for majority of our under-construction portfolio and signing of key PPAs reflect the strong demand for the renewable energy solutions. 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.
Time of India
4 days ago
- Business
- Time of India
JSW Energy signs power purchase agreement with SECI for FDRE project
New Delhi: JSW Energy on Friday said its arm JSW Neo Energy has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India ( SECI ). The agreement is for the supply of 230 MW ISTS connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI-FDRE Tranche IV scheme, a company statement said, adding that this marks the company's first PPA for a FDRE project . Explore courses from Top Institutes in Please select course: Select a Course Category Management Leadership Project Management Technology Operations Management Product Management Cybersecurity Data Science CXO Degree Artificial Intelligence Public Policy healthcare Digital Marketing PGDM Data Analytics Design Thinking Others Healthcare Finance Data Science MBA MCA others Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details According to the statement, the agreement has been signed for a tenure of 25 years at a tariff of Rs 4.98 per kWh. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy the Dip: Top 5 Dividend Stocks with Growth Potential Seeking Alpha Read More Undo With this, the company's total under-construction capacity stood at 12.9 GW, and its total locked-in generation capacity was at 30.2 GW. JSW Energy remains well-positioned to achieve its strategic target of 30 GW installed generation capacity and 40 GWh of energy storage by 2030. Live Events "We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy's commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers. "With this project, we are strengthening our energy products and services offering while supporting the country's energy transition goals," Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said.
News18
4 days ago
- Business
- News18
JSW Energy signs power purchase agreement with SECI for FDRE project
New Delhi, Jul 25 (PTI) JSW Energy on Friday said its arm JSW Neo Energy has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The agreement is for the supply of 230 MW ISTS connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI-FDRE Tranche IV scheme, a company statement said, adding that this marks the company's first PPA for a FDRE project. According to the statement, the agreement has been signed for a tenure of 25 years at a tariff of Rs 4.98 per kWh. With this, the company's total under-construction capacity stood at 12.9 GW, and its total locked-in generation capacity was at 30.2 GW. JSW Energy remains well-positioned to achieve its strategic target of 30 GW installed generation capacity and 40 GWh of energy storage by 2030. 'We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy's commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers. 'With this project, we are strengthening our energy products and services offering while supporting the country's energy transition goals," Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said. PTI KKS DRR First Published: July 25, 2025, 10:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
4 days ago
- Business
- Business Upturn
JSW Energy signs first FDRE power purchase agreement with SECI for 230 MW project
By Arunika Jain Published on July 25, 2025, 08:50 IST JSW Energy Limited, through its wholly owned subsidiary JSW Neo Energy, has signed its first Power Purchase Agreement (PPA) under the SECI-FDRE Tranche IV scheme with the Solar Energy Corporation of India (SECI) for a 230 MW Firm and Dispatchable Renewable Energy (FDRE) project. The agreement has a tenure of 25 years at a tariff of ₹4.98/kWh, and is JSW Energy's first step into the load-following FDRE space, marking a significant milestone in its renewable energy strategy. With the addition of this agreement, the company's under-construction capacity has reached 12.9 GW, bringing its total locked-in generation capacity to 30.2 GW. JSW Energy reiterated its goal of achieving 30 GW of installed generation capacity and 40 GWh of energy storage by 2030, staying aligned with India's renewable energy transition targets. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, commented, 'This milestone underscores JSW Energy's commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers. With this project, we are strengthening our energy products and services offering while supporting the country's energy transition goals.' JSW Energy is among India's leading private power producers, operating across the power value chain with diversified assets in generation and transmission. The company has evolved from a 260 MW thermal base in 2000 to a robust and geographically diverse capacity of over 12.8 GW today. Disclaimer: This article is based on information from a regulatory filing and official press release by JSW Energy dated July 25, 2025. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
