ACME Solar Holdings Ltd

ACME Solar Holdings Ltd, through its subsidiary ACME Sigma Urja Private Limited, has commissioned an additional 88.02 MW / 366.969 MWh of Battery Energy Storage System (BESS) capacity. This is part of a larger 250 MW / 1069 MWh project located in Chittorgarh, Rajasthan. The Commercial Operation Date (COD) for this segment is November 01, 2026. With this commissioning, ACME Sigma Urja Private Limited has now achieved a cumulative commissioned BESS capacity of 159.660 MW / 664.261 MWh. This expansion contributes to the company's renewable energy infrastructure and storage capabilities.

ACME Solar Holdings Limited, through its subsidiary ACME Marigold Urja Private Limited, has secured a Power Purchase Agreement (PPA) with NTPC Limited for a 400 MW Inter-State Transmission System (ISTS)-connected Firm and Dispatchable Renewable Energy (FDRE) project. The project, under NTPC's FDRE-01 tranche, will have a tariff of INR 4.37 per unit, adopted by the Central Electricity Regulatory Commission (CERC). The project will integrate renewable energy generation with energy storage solutions to provide reliable and dispatchable power, meeting peak demand hours with a minimum annual Capacity Utilisation Factor (CUF) of 40% and an obligation to meet 90% of peak power requirements for 4.5 hours daily. ACME Solar has secured over 800 acres of land and is on track for commissioning. This PPA brings the under-construction PPA-locked contracted portfolio to 4,710 MW out of a total of 5,380 MW under construction.

ACME Solar Holdings Ltd announced that its wholly-owned subsidiary, ACME Marigold Urja Private Limited, has executed a Power Purchase Agreement (PPA) with NTPC Limited. The agreement is for a Firm and Dispatchable Renewable Energy (FDRE) power project with a contract capacity of 400 MW under NTPC's FDRE Tranche 01. The project has a scheduled commencement of supply date of June 30, 2028, and a tenure of 25 years from that date. The contracted capacity is 400 MW at a tariff of ₹4.37 per unit. This marks a significant business development for ACME Solar, expanding its renewable energy footprint.

ACME Solar Holdings Ltd has filed its Statement of Deviation or Variation for the quarter ended September 30, 2026, as per SEBI regulations. The company raised INR 2800 Crores (approx.) through a Qualified Institutions Placement on June 04, 2026. The report confirms there has been no deviation or variation in the utilization of these funds from the originally disclosed objects. CARE Ratings Limited is the monitoring agency. The company's website also hosts this information.

ACME Solar Holdings Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations. The report, issued by CARE Ratings Limited, pertains to the utilization of proceeds from the company's Qualified Institutions Placement (QIP) of ₹2,800 crore. The agency confirmed that there were no deviations from the stated objects of the issue. The proceeds have been partially utilized as per the objects, with the unutilized amount parked in term deposits and a monitoring account. The report is available on the company's website.

ACME Solar Holdings Limited has announced its unaudited standalone financial results for the quarter and six-month period ended September 30, 2026. The company reported total income of ₹34,257.31 million for the quarter and ₹57,840.06 million for the six-month period. Expenses for the quarter stood at ₹29,944.66 million, and for the six-month period at ₹50,904.75 million. Profit before tax for the quarter was ₹3,226.89 million, and for the six-month period was ₹4,857.45 million. The company's paid-up equity share capital was ₹1,411.97 million as of September 30, 2026. The results were reviewed by BSR&Co. LLP and A Prasad & Associates.

ACME Solar Holdings Ltd reported strong Q2 FY27 results with consolidated EBITDA of INR 874 Cr, a 63.6% year-on-year increase, and PAT of INR 269 Cr, up 133.5% YoY. Total revenue grew 67.5% YoY to INR 1,007 Cr, driven by BESS and RE capacity additions. The company signed 430 MW of FDRE PPAs, bringing total contracted PPA capacity to 4,310 MW. They commissioned approximately 2.1 GWh of BESS, reaching a cumulative 5.2 GWh, making them the second-largest BESS capacity holder in India. ACME Solar's rating was upgraded to CRISIL AA-/Positive. Strategy 2.0 saw upward revisions, targeting 12+ GWh BESS commissioning by FY27 and 15 GW generation capacity by 2030.

ACME Solar Holdings Ltd (ASHL), through its subsidiary ACME Greentech Seventh Private Limited, has commissioned an additional 35.77 MW/143.08 MWh of its Battery Storage System (BESS) component for the FDRE Project in Bikaner, Rajasthan. The commercial operation date is set for October 29, 2026. This brings the cumulative commissioned BESS capacity to 195.35 MW/781.40 MWh. The project has a Power Purchase Agreement with SJVN Limited.

ACME Solar Holdings Ltd, through its subsidiary ACME Sigma Urja Private Limited, has commissioned an additional 17.91 MW/74.323 MWh of Battery Energy Storage System (BESS) capacity at its project in Chittorgarh, Rajasthan. This commissioning is part of a larger 250 MW / 1069 MWh project. The commercial operation date for this segment is October 25, 2026. With this addition, the subsidiary's cumulative commissioned BESS capacity reaches 71.640 MW / 297.292 MWh.

ACME Solar Holdings Ltd has announced that its Board of Directors will convene on October 28, 2026, to consider and approve the un-audited financial results for the quarter and half-year ended September 30, 2026. The approval will cover both standalone and consolidated financial statements, along with the Limited Review Report. Additionally, the company confirmed that the trading window for designated persons and their immediate relatives, which closed on October 1, 2026, will remain shut until 48 hours after the declaration of these financial results, in adherence to the Insider Trading Code. The information is also available on the company's website.