ACME Solar Holdings gains on securing 250 MW FDRE project in NHPC e-reverse auction
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ACME Solar Holdings is currently trading at Rs. 271.25, up by 3.15 points or 1.17% from its previous closing of Rs. 268.10 on the BSE.
The scrip opened at Rs. 278.00 and has touched a high and low of Rs. 279.70 and Rs. 269.55 respectively. So far 110573 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 292.00 on 04-Dec-2024 and a 52 week low of Rs. 228.15 on 14-Nov-2024.
Last one week high and low of the scrip stood at Rs. 286.55 and Rs. 262.60 respectively. The current market cap of the company is Rs. 16434.18 crore.
The promoters hold 100.00% stake in the company.
ACME Solar Holdings has successfully secured a 250 MW Firm & Dispatchable Renewable Energy (FDRE) project in the e-reverse auction held by NHPC on December 10, 2024, at a tariff of Rs 4.56 per unit. Notably, this project includes a green-shoe option that could potentially expand the total capacity of this project from the initial 250 MW to 500 MW. With this latest win, Acme Solar’s total capacity now stands at 6,970 MW.
The auction, titled ‘Supply of 1200 MW FDRE (Assured Peak Power Supply) from ISTS-Connected Renewable Energy Power Projects Coupled with ESS (Tranche VI),’ aims to procure 1,200 MW of renewable energy integrated with Energy Storage Systems (ESS) across India. The project will deliver four hours of peak supply, requiring a blend of solar, wind, and battery technologies, ensuring a reliable and stable energy supply during periods of high demand.
ACME Solar Holdings is a renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy projects.
