Acme Solar Holdings surges on securing LoA for 220 MW Solar-BESS project in Madhya Pradesh
Acme Solar Holdings is currently trading at Rs. 232.90, up by 4.80 points or 2.10% from its previous closing of Rs. 228.10 on the BSE.
The scrip opened at Rs. 231.55 and has touched a high and low of Rs. 235.05 and Rs. 230.00 respectively. So far 41148 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. 171.90 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 235.05 and Rs. 218.10 respectively. The current market cap of the company is Rs. 14076.73 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 has received Letter of Award (LoA) from Rewa Ultra Mega Solar for 220 MW Solar with Battery Energy Storage System (BESS) project. The project is part of a 440 MW tender floated by Rewa Ultra Mega Solar for the Morena Solar Park in Madhya Pradesh. The tender was floated under tariff-based competitive guidelines (TBCB) for which an e-reverse auction was conducted in September 2025.
The project requires suppling power with maximum annual CUF of 35%, along with 4 hours of peak supply (2 hours each in the morning and evening) at 95% annual availability. Charging energy for the evening peak will be sourced from the solar plant, while energy for the morning peak would be supplied free of cost by the procurer during night hours. The land and evacuation infrastructure above 33 kV level would be provided by Rewa Ultra Mega Solar as part of the facilities offered by the solar park developer. Additionally, the project also incorporates the benefit of reduced GST rates already passed through and will be required to adhere only to ALMM List-I (Approved List of Models and Manufacturers - List I).
The project would combine Solar and BESS technologies to meet the supply obligations for Power Purchase Agreement (PPA) tenor of 25 years. Going forward, PPA would be signed with Madhya Pradesh Power Management Company (MPPMCL) and Rewa Ultra Mega Solar.
