ACME Solar Holdings jumps on signing two PPAs with SJVN
Acme Solar Holdings is currently trading at Rs. 234.45, up by 4.60 points or 2.00% from its previous closing of Rs. 229.85 on the BSE.
The scrip opened at Rs. 228.75 and has touched a high and low of Rs. 239.00 and Rs. 223.60 respectively. So far 12376 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 324.25 on 15-Sep-2025 and a 52 week low of Rs. 172.90 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 239.00 and Rs. 216.15 respectively. The current market cap of the company is Rs. 13982.80 crore.
The promoters holding in the company stood at 83.29%, while Institutions and Non-Institutions held 10.91% and 5.80% respectively.
ACME Solar Holdings through its subsidiary -- ACME Greentech Seventh, has signed two Power Purchase Agreements (PPAs) with SJVN for a total capacity of 450 MW/1,800 MWh.
The PPAs have been signed for a tenor of 25 years on March 02, 2026. The tender (Tranche-FDRE-4) was issued under Tariff-Based Competitive Bidding (TBCB) guidelines for which an e-reverse auction was held on October 9, 2025, and Letter of Award (LOA) was received on November 10, 2025.
The projects will be connected to ISTS substations and will utilize night-time connectivity available with ACME Solar at high irradiation zones in Rajasthan. Under the PPAs, ACME Solar will supply 4 hours of assured peak power supply during non-solar hours with 90% availability on monthly and annual basis. Following this PPA, ACME Solar has signed 1,690 MW of PPAs in current financial year taking the total PPA signed capacity to 6,270 MW.
