ACME Solar Holdings inches up on signing PPA with Solar Energy Corporation of India
Acme Solar Holdings is currently trading at Rs. 411.10, up by 1.05 points or 0.26% from its previous closing of Rs. 410.05 on the BSE.
The scrip opened at Rs. 407.45 and has touched a high and low of Rs. 415.15 and Rs. 402.70 respectively. So far 55364 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 476.40 on 22-Sep-2026 and a 52 week low of Rs. 195.65 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 426.90 and Rs. 399.00 respectively. The current market cap of the company is Rs. 28607.20 crore.
The promoters holding in the company stood at 71.40%, while Institutions and Non-Institutions held 23.49% and 5.11% respectively.
ACME Solar Holdings, through its subsidiary ACME Greentech Twenty, has signed a Power Procurement Agreement (PPA) with Solar Energy Corporation of India (SECI) for 300 MW / 1,200 MWh assured peak supply under SECI’s FDRE-IX tranche at a tariff of Rs 6 per unit, with effective date of October 06, 2026.
This FDRE project supports the growing need for reliable, dispatchable clean power during evening and night-time peak demand, helping strengthen the grid stability as renewable energy’s share of India’s power mix increases. Following this PPA, the under construction PPA signed contracted portfolio stands at 4,310 MW out of total under construction contracted capacity of 5,380 MW.
Through this FDRE project, the company will supply 4 MWh per MW of contracted capacity for any four hours daily during the non-Solar hours, while maintaining a minimum availability of 90% on monthly basis. The project would integrate a combination of Solar and Battery Energy Storage System (BESS) technologies to meet the contracted obligations and would utilize the night-time connectivity already available with the company.
