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ACME Solar Holdings moves up as its arm secures Rs 3,753 crore term loan financing from REC
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Acme Solar Holdings is currently trading at Rs. 230.40, up by 1.40 points or 0.61% from its previous closing of Rs. 229.00 on the BSE.
The scrip opened at Rs. 235.10 and has touched a high and low of Rs. 242.55 and Rs. 229.00 respectively. So far 88981 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 279.00 on 13-Nov-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. 279.00 and Rs. 228.15 respectively. The current market cap of the company is Rs. 13856.51 crore.
The promoters holding in the company stood at 100.00%.
ACME Solar Holdings’ wholly owned subsidiary -- ACME Sun Power has secured Rs 3,753 crore term loan financing from REC for the development & construction of a 320 MW Firm and Dispatchable Renewable Energy (FDRE) projects in collaboration with SJVN.
The project would be located at high resource potential areas at Jaisalmer, Rajasthan for solar capacity and Bhuj & Jam Khambhaliya, Gujarat for wind sites. Power Purchase Agreement (PPA) has been signed with SJVN and the grid connectivity has also been secured. The land acquisition process is in advanced stages.
REC will serve as the sole lender for this project, highlighting its confidence in ACME Solar’s project execution capabilities. Recently, another FDRE project, ACME Surya Power, has secured project financing for a 250 MW FDRE project from REC.
ACME Solar Holdings is a renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) projects.
