ACME Solar Holdings surges on commissioning 300 MW Sikar Solar project in Rajasthan
Acme Solar Holdings is currently trading at Rs. 249.35, up by 3.75 points or 1.53% from its previous closing of Rs. 245.60 on the BSE.
The scrip opened at Rs. 250.05 and has touched a high and low of Rs. 252.20 and Rs. 247.80 respectively. So far 18355 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. 167.55 on 28-Jan-2025.
Last one week high and low of the scrip stood at Rs. 256.00 and Rs. 241.15 respectively. The current market cap of the company is Rs. 15054.58 crore.
The promoters holding in the company stood at 83.41%, while Institutions and Non-Institutions held 11.83% and 4.75% respectively.
ACME Solar Holdings has commissioned its 300 MW renewable energy capacity at ACME Sikar Solar project in Rajasthan following the commissioning of additional 60 MW capacity. Earlier this quarter, the company had part-commissioned 240 MW out of a full capacity of 300 MW. With this milestone, ACME Solar’s total operational capacity has increased to 2,890 MW.
Spread across around 1300 acres in Bikaner, Rajasthan-one of India’s highest solar irradiation zones- the project is connected to Bikaner II substation at 220 kV & is expected to generate around 780 million units (MUs) of renewable energy annually. ACME Sikar Solar project is allocated to LOA won by ACME Solar Holdings under SECI-ISTS XVIII scheme at a tariff of Rs 3.05 per unit for which the tariff has been adopted by CERC & Power Purchase Agreement (PPA) is expected to be signed soon.
In addition, ACME Solar has also commissioned its maiden wind project of 50 MW at Shapar, Gujarat during the current quarter following commissioning of last turbine adding additional 3.3 MW capacity. This project is located in one of India’s highest wind zones and has 25 year PPA with GUVNL. With commissioning of this wind project through in-house EPC, the company has diversified its portfolio & EPC capabilities.
ACME Solar Holdings is a renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy projects.
