Acme Solar Holdings

June 5 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• COMPLETES 28 BILLION RUPEES QUALIFIED INSTITUTIONAL PLACEMENT

Source text: ID:nBSE6ckgQ7

Further company coverage: ACMO.NS

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** Shares of Acme Solar Holdings ACMO.NS rise 7.5% to 330.25 rupees

** ACME Solar Holdings has launched a Qualified Institutional Placement (QIP) on Monday, with a floor price of 294.13 rupees per share

** ACMO aims to raise up to 28 billion rupees through the QIP, CNBC-TV 18 reported, citing sources, and the term sheet

** The proceeds from the fundraise will be utilised towards debt repayment and general corporate purposes, the report added

** More than 8.9 million shares traded, about 5x more than their 30-day avg

** Seven analysts have a "Strong Buy" rating while four have a "Buy" rating; median PT is 343 rupees - data compiled by LSEG

** Stock up ~39%, YTD

(Reporting by Urvi Dugar in Bengaluru)

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June 1 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR - APPROVES OPENING OF QUALIFIED INSTITUTIONS PLACEMENT ON JUNE 1, 2026

• ACME SOLAR - SETS FLOOR PRICE FOR ISSUE AT 294.13 RUPEES PER EQUITY SHARE

Source text: ID:nBSE9pLmDQ

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April 22 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - PLANS TO OPERATIONALISE 10 GWH BESS OVERALL BY 2027

Source text: ID:nNSEbvbpFy

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April 8 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• UNIT COMMISSIONS ADDITIONAL 4 MW OF 100 MW WIND PROJECT IN GUJARAT

Source text: ID:nNSE8n0PW9

Further company coverage: ACMO.NS

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** Acme Solar Holdings ACMO.NS rises 5.9% to 266 rupees; marks steepest rise since November 2025

** Investec starts with "buy", PT of 319 rupees

** Says co's 5.1GW under construction (UC) pipeline gives co multi-year growth visibility, scaling installed capacity to 6GW by FY28 and 8GW by FY30 (26% growth over FY25-30)

** Expects consol return on equity to rise to 19.5% by FY28 from 7.1% in FY25 as share of high quality assets (~79% of co's UC pipeline) ramps up through FY26-28

** Says co's installed capacity to rise to 6GW by FY28 from 2.5GW in FY25, driving revenue, EBITDA, PAT growth of 62%, 63%, 69%, respectively

** Adds EBITDA margins to expand to 89.5% by FY28 vs 87.9% in FY25 on higher execution of high-margin projects

** YTD, ACMO up 7%

(Reporting by Yagnoseni Das in Bengaluru)

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** Shares of Acme Solar Holdings Ltd ACMO.NS rise as much as 5.6% to 250.95 rupees

** The renewable energy company via its units has commissioned additional 155 MW / 470.25 MWh of battery energy storage system (BESS)

** BESS units in Rajasthan are linked to inter-state transmission system network, and will operate on a merchant basis, earning revenue from price difference between peak, off‑peak demand hours

** Stock on track to snap two sessions of losses, if gains hold

** More than 1.2 million shares traded, as of 1:22 P.M. IST, nearly their 30-day moving avg of over 1.3 million shares

** Mean rating of seven brokerages is "strong buy"; their median PT is 325 rupees - data compiled by LSEG

(Reporting by Meenakshi Maidas in Bengaluru)

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** Shares of Acme Solar Holdings ACMO.NS rise 6.7% to 256.10 rupees, set to gain for fourth straight session

** Subsidiary ACME Sun Power commissions second phase of 33.335 MW/160.51 MWh capacity of battery energy storage system project in Rajasthan

** Also ACMO, through its units, commissioned 142.67 MW/481.49 MWh capacity of battery energy storage system in Rajasthan

** Trading vols nearly 15x the 30-day average at 9.6 mln shares so far

** YTD, ACMO up ~8%

(Reporting by Vijay Malkar)

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March 12 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - SIGNS TWO PPAS WITH SJVN FOR 450 MW/1,800 MWH CAPACITY

Source text: ID:nBSE9ZtJzY

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Feb 19 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• SIGNS PPA WITH SECI FOR 190 MW HYBRID PROJECT

• PROJECT AT TARIFF OF 4.72 RUPEES PER UNIT WITH 25-YEAR TENURE

Source text: ID:nBSE8lD5M5

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Feb 10 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - AWARDED LOA FOR 220 MW SOLAR WITH BATTERY ENERGY STORAGE SYSTEM PROJECT

• ACME SOLAR HOLDINGS LTD - PROJECT WITH TARIFF OF 2.764 RUPEES PER UNIT

Source text: ID:nBSE2xxXFy

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Feb 2 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• GETS COMMISSIONING CERTIFICATE GEDA FOR 16 MW WIND POWER PROJECT

Source text: ID:nBSE3k8z0z

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Jan 6 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - UNIT RECEIVES COMMISSIONING CERTIFICATE FROM GEDA

• ACME SOLAR HOLDINGS LTD - 12 MW OF 100 MW WIND PROJECT COMMISSIONED IN GUJARAT

Source text: ID:nBSE8DWr0K

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Nov 20 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• COMMISSIONS SECOND PHASE OF ADDITIONAL 16 MW OF ITS 100 MW WIND POWER PROJECT

• PROJECT'S OPERATIONAL CAPACITY NOW 44 MW OUT OF 100 MW IN GUJARAT

Source text: ID:nBSE4sYzds

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By Sethuraman N R

NEW DELHI, Oct 6 (Reuters) - India's federal power regulator has admitted petitions filed by two renewable energy developers seeking compensation for financial losses incurred due to delays in setting up transmission infrastructure, according to regulatory filings.

The outcome could set a precedent for renewable energy developers facing transmission bottlenecks, as India accelerates its clean energy rollout.

In the filing posted over the weekend, the Central Electricity Regulatory Commission (CERC) is examining whether the Power Grid Corporation of India PGRD.NS and the Central Transmission Utility of India, the institutions responsible for setting up transmission infrastructure, should compensate developers for losses.

CERC has asked both to respond within six weeks.

The developers, ACME Solar ACMO.NS and AMPIN Energy, argued in separate petitions that they suffered financial losses due to their inability to transmit power from their solar projects due to delays in operationalising transmission infrastructure.

The Gurugram-based ACME Solar is seeking more than 210 million rupees in compensation, while AMPIN Energy did not specify its losses.

CERC has directed the Central Transmission Utility and Power Grid to submit details on the transmission system, commissioning timelines, and reasons for the delays.

The petitions are scheduled to be heard on November 27.

Power Grid and the Central Transmission Utility did not immediately respond to Reuters' email seeking comments.

India has been forced to curb solar output during periods of low demand to maintain grid stability and ease congestion, as renewable energy supply rises and transmission projects lag.

Rajasthan, India’s top green power-producing state, has seen nearly 4 gigawatts of clean energy curtailed, with estimated losses of up to 2.5 billion rupees ($28.16 million), according to the Rajasthan Solar Association.

($1 = 88.7875 Indian rupees)

(Reporting by Sethuraman NR; Editing by Harikrishnan Nair)

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Sept 23 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - SECURES 11 BILLION RUPEES REFINANCING FROM SBI

Source text: ID:nBSE9XLF3Q

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NEW DELHI, Sept 20 (Reuters) - The central Indian state of Madhya Pradesh has secured India’s lowest-ever price for buying solar power backed by battery storage in a clean energy auction, a top state official said, in a deal that could reshape how states buy power.

CEIGALL India CEIG.NS and ACME Solar ACMO.NS won the tenders to supply clean power to Madhya Pradesh at 2.70 rupees (about 3 U.S. cents) per kWh and 2.764 rupees per kWh, respectively, the official said on Saturday.

The lower price at which solar power can be supplied using battery storage could set a precedent for other states, showing them that renewable energy with storage can be cheaper than coal, said Manu Srivastava, a top official at the state's Power and Renewable Energy Department.

The project has two units, each delivering 220 megawatts of power during sunny hours using solar panels, and in the evenings drawing power from batteries charged by solar energy.

In the mornings, before the sun has charged the panels, the units draw power from those same batteries, which have been recharged with cheaper night-time electricity from the grid.

The state is planning longer-duration storage projects and aims to eventually offer 24-hour renewable power at rates comparable to coal power, Srivastava said.

The lower prices come as India is rapidly adding to its renewable energy capacity, aiming to expand its non-fossil fuel capacity to 500 GW by 2030.

Coal power, however, remains central to the country's energy strategy because of the need for stable power during non-solar hours and the absence of viable, affordable storage projects.

($1 = 88.0950 Indian rupees)

(Reporting by Sethuraman NR; Editing by Tom Hogue)

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** Shares of Acme Solar ACMO.NS rise 3.2% to 312 rupees

** Renewable energy co forms JV with Japan's IHI Corp 7013.T to develop one of India's largest green ammonia projects in Odisha

** IHI will acquire 30% stake in JV, ACME to retain the rest; aims to produce 0.4 mln tonnes of green ammonia annually

** Green ammonia used in energy and industrial applications, as a fuel and feedstock to decarbonise sectors

** ACMO also secured a 38.92 billion rupee ($441.58 million) funding from SBI SBI.NS to develop a 400 MW renewable project in Rajasthan

** Stock up ~33% YTD

($1 = 88.1390 Indian rupees)

(Reporting by Urvi Dugar)

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** Shares of ACME Solar Holdings ACMO.NS rise 2.9% to 295.6 rupees

** Renewable energy co wins 50 MW solar-plus-storage project from Tata Power TTPW.NS at 4.43 rupees/unit tariff under a 25-year power purchase agreement

** Project to be commissioned within 24 months from signing of agreement

** Stock rated "strong buy" on avg; median PT is 350 rupees - data compiled by LSEG

** Stock up 25.4% YTD

(Reporting by Aleef Jahan in Bengaluru)

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Aug 27 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• APPROVES FUNDRAISING UP TO 30 BILLION RUPEES VIA SECURITIES

Source text: ID:nBSE5d0QPb

Further company coverage: ACMO.NS

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Updates August 1 story on August 2 with background in paragraph 2; SPDA comment in paragraph 6, India power ministry in paragraphs 10, 11

By Sudarshan Varadhan

SINGAPORE, Aug 1 (Reuters) - India's stranded renewable power capacity - projects awarded but unable to come online - more than doubled over nine months, due to unfinished transmission lines, and legal and regulatory delays, letters from an industry group to the government showed.

The South Asian nation aims to more than double its non-fossil fuel power capacity to 500 gigawatts (GW) by 2030, but the acceleration has left projects without firm agreements to supply power.

Renewable projects that won tenders to generate power but are yet to sign power purchase agreements with buyers have surged to over 50 gigawatts (GW), India's Sustainable Projects Developers Association (SPDA) said in a letter to the Ministry of New and Renewable Energy on June 27.

That compared with stranded projects of over 20 GW, another letter sent by the SPDA on October 4 showed. Both letters were reviewed by Reuters.

Tendered projects cumulatively worth billions of dollars awarded to companies including JSW, NTPC NTPC.NS, NTPG.NS, Adani Green ADNA.NS, ACME Solar ACMO.NS, Renew RNW.O and Sembcorp SEMB.NS are stranded, two industry officials familiar with the matter said.

"Energy transition is not just about building solar and wind capacity, it is also about ensuring that clean power reaches in a most optimum cost and timely manner," the SPDA said in its June 27 letter to the renewable energy ministry.

The stranded solar and wind capacity without buyers of over 50 GW reported by the SPDA is about a quarter the size of India's current installed renewable capacity of 184.6 GW.

The companies did not respond to Reuters requests seeking comment.

Delays in critical transmission infrastructure - especially in sun-drenched states such as Rajasthan and Gujarat - have forced many solar plants to miss commissioning deadlines, the SPDA said in the June letter.

Interstate transmission lines connecting renewable energy projects to the grid are being fast-tracked, and compensation for landowners allowing power cables on their property has been increased to facilitate construction, the federal power ministry told Reuters.

India plans to connect 230 GW of renewable energy projects to the grid through interstate transmission lines, of which 20% have been completed, 70% are under construction and the remainder is being bid out, the ministry said, without specifying a timeline for completion.

Renewable projects are also stuck due to prolonged legal disputes over land and environmental permissions, SPDA said, adding that several developers have paused operations over unresolved court cases.

(Reporting by Sudarshan Varadhan
Editing by Frances Kerry and Louise Heavens)

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By Sudarshan Varadhan

SINGAPORE, Aug 1 (Reuters) - India's stranded renewable power capacity - projects awarded but unable to come online - more than doubled over nine months, due to unfinished transmission lines, and legal and regulatory delays, letters from an industry group to the government showed.

Renewable projects that won tenders to generate power but are yet to sign power purchase agreements with buyers have surged to over 50 gigawatts (GW), India's Sustainable Projects Developers Association (SPDA) said in a letter to the Ministry of New and Renewable Energy on June 27.

That compared with stranded projects of over 20 GW, another letter sent by the SPDA on October 4 showed. Both letters were reviewed by Reuters.

The stranded solar and wind capacity without buyers of over 50 GW reported by the SPDA is about quarter the size of India's current installed renewable capacity of 184.6 GW.

"India's energy transition is not just about building solar and wind capacity, it is also about ensuring that clean power reaches in a most optimum cost and timely manner," the SPDA said in the June 27 letter to the renewable energy ministry.

The ministry did not immediately respond to a request seeking comment.

India has been ramping up renewables as it pushes to more than double its non-fossil fuel power capacity to 500 GW by 2030. A record 22 GW of solar and wind capacity came online in the six months ended June, government data showed.

However, tendered projects cumulatively worth billions of dollars awarded to companies including JSW, NTPC NTPC.NS, NTPG.NS, Adani Green ADNA.NS, ACME Solar ACMO.NS, Renew RNW.O and Sembcorp SEMB.NS are stranded, two industry officials familiar with the matter said.

The companies did not respond to Reuters requests seeking comment.

The SPDA includes leaders of some of India's largest renewable energy producers Renew Power, ACME Group and Avaada Group as members of its core committee.

Delays in critical transmission infrastructure - especially in sun-drenched states such as Rajasthan and Gujarat - have forced many solar plants to miss commissioning deadlines, risking financial penalties and potential loss of government incentives, the SPDA said in the June letter.

The SPDA urged the government in the same letter to recognise delays in approvals and transmission construction as force majeure events to help protect developers from financial penalties, and to expedite regulatory permissions.

Renewable projects are also stuck due to prolonged legal disputes over land and environmental permissions, it said, adding that several developers have paused operations over unresolved court cases.

(Reporting by Sudarshan Varadhan
Editing by Frances Kerry)

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** Shares of ACME Solar Holdings Ltd ACMO.NS rise as much as ~10% to 297.48 rupees

** Renewable energy co reported over 94-fold y/y rise in Q1 consol net profit to 1.31 bln rupees ($15.2 mln); total income rose 71.8%

** Adds, rev increase driven by capacity addition and higher capacity utilization factor

** Stock on track to snap 2 days of losses

** More than 7.1 mln shares traded as of 10:26 a.m. IST, 3.7x their 30-day moving avg;

** Mean rating of stock is 'strong buy'; their median PT is 327.5 rupees - data compiled by LSEG

** ACMO last up 9.3%, adding to YTD gains of 14.8%

($1 = 86.4560 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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July 25 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD JUNE-QUARTER CONSOL NET PROFIT 1.31 BILLION RUPEES

• ACME SOLAR HOLDINGS JUNE-QUARTER CONSOL TOTAL INCOME 5.84 BILLION RUPEES

Source text: ID:nBSE92V11L

Further company coverage: ACMO.NS

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July 7 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• PLACES BATTERY STORAGE ORDER FOR 3.1 GWH FROM ZHEJIANG NARADA AND TRINA ENERGY

Source text: ID:nNSE450MMs

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June 25 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - 25-YEAR PPA SIGNED FOR 300 MW CAPACITY AT 3.05 RUPEES PER KWH

Source text: ID:nBSE57HYBq

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June 24 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• COMMISSIONING OF FINAL PHASE OF 60 MW SOLAR POWER PROJECT BY UNIT AT BIKANER

• ACME SOLAR COMMISSIONS 300 MW SIKAR SOLAR PROJECT IN RAJASTHAN

Source text: ID:nnAZN40S8D0

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June 23 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - COMMISSIONS ADDITIONAL 3.3 MW WIND POWER PROJECT

Source text: ID:nBSE4sDL3x

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June 20 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• SIGNS 25-YEAR PPA WITH NHPC FOR 250 MW PROJECT

• PPA SIGNED AT 4.56 RUPEES PER KWH WITH 40% CUF

Source text: ID:nBSE4zP1Vd

Further company coverage: ACMO.NS

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