ACMESOLAR

** India's Acme Solar Holdings' ACMO.NS shares jump by an exchange-allowed maximum of 10% to 210.35 rupees for the second consecutive session

** The renewable energy developer's Q3 profit more than doubled from last year

** Kotak starts coverage on stock with "buy" rating and fair value of 320 rupees

** "ACME’s revenues are estimated to grow at 52% CAGR over FY2024-28E, on the back of incremental project commissioning of 4.4 GW," says Kotak

** Stock down 27% from its IPO price of 289 rupees after listing on Nov. 13

(Reporting by Vivek Kumar M)

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** Shares of Acme Solar Holdings ACMO.NS jump by an exchange-allowed maximum 10% to touch 191.23 rupees

** ACMO shares mark best intraday pct gain since their debut in Nov

** The renewable energy developer on Wednesday reported Q3 profit that more than doubled to 1.12 bln rupees ($12.93 million) on higher capacity additions

** ACMO shares down ~ 24% since Nov listing

($1 = 86.5900 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

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Jan 28 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• SIGNS PPA WITH NHPC FOR 680 MW FDRE PROJECT

Source text: ID:nBSEbGrT1Q

Further company coverage: ACMO.NS

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** ACME Solar Holdings ACMO.NS rises 3.4% to 237.9 rupees

** Co's unit commissions additional capacity of 90 mega watt solar power projects in Rajasthan

** ACMO's total operational renewable energy generation capacity rises to 2453 MW

** Stock has shed 6% since listing in November 2024

(Reporting by Ashna Teresa Britto in Bengaluru)

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

• ACME SOLAR HOLDINGS LTD - UNITS COMMISSIONS ADDITIONAL 90 MW SOLAR PROJECTS IN RAJASTHAN

Source text: ID:nBSE4lqNLT

Further company coverage: ACMO.NS

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Dec 26 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - SECURES 19.88 BILLION RUPEES FINANCING FROM PFC

• ACME SOLAR HOLDINGS LTD - WINS 300 MW SECI ISTS SOLAR PROJECT

• ACME SOLAR HOLDINGS - GETS 300 MW SECI ISTS SOLAR PROJECT AT TARIFF OF 3.05 RUPEES PER UNIT

Source text: ID:nBSE4yXRbD

Further company coverage: ACMO.NS

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

• COMMISSIONS 1,023 MW CAPACITY IN JAISALMER

• REMAINING 177 MW CAPACITY IN PROCESS OF COMMISSIONING

• PROJECT FINANCED BY PFC AND REC

• PROJECT HAS 25-YEAR PPA WITH SECI AT TARIFF OF 2.44 RUPEES/ UNIT

Source text: ID:nBSE2pqHB

Further company coverage: ACMO.NS

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** Shares of Acme Solar Holdings ACMO.NS rise 1.7% to 272.75 rupees

** Renewable energy co wins 250 MW renewable energy project at tariff of 4.56 rupees per unit

** Project includes a green-shoe option that could potentially expand total capacity to 500 MW

** ACMO up ~9% since its trading debut on Nov 13

(Reporting by Vijay Malkar)

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** NTPC Green Energy NTPG.NS, the renewable energy arm of NTPC NTPC.NS, gains 13.6% to 122.65 rupees on market debut after $1.2 bln IPO

** Priced at 108 rupees, NTPG garnered bids worth $1.8 bln; oversubscribed two-folds

** NTPG IPO biggest in India's renewable energy industry - data aggregator Dealogic

** NTPC Green Energy's consistent top-line growth encouraging, though temporary fluctuations in profitability and margins remain a concern, says Shivani Nyati of Swastika Investmart

** Co will use funds to repay its unit NTPC Renewable Energy's debt

** Rival Waaree Energies WAAN.NS also debuted 66% higher earlier this year, while ACME Solar ACMO.NS slumped 13% in debut trade earlier this month

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of ACME Solar Holdings Ltd ACMO.NS fall as much as 7.4% to 238.80 rupees

** Renewable energy co reports 60.4% y/y fall in Q2 net profit; rev fell 19.7% y/y

** Adds, in Q2 FY25, EBITDA margin reduced to 86.8% on account of increase in manpower expense on y/y basis

** More than 1.4 mln shares traded as of 11:16 a.m. IST, vs their 30-day moving avg of over 7.3 mln shares

** Stock trims some losses to last trade 3.7% lower

** Including day's losses, ACMO down ~1.9% since listing on Nov. 13

($1 = 84.2675 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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

• ACME SOLAR HOLDINGS SEPT-QUARTER CONSOL NET PROFIT 153 MILLION RUPEES

• ACME SOLAR HOLDINGS SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 2.6 BILLION RUPEES

Source text: [ID:]

Further company coverage: ACMO.NS

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Nov 15 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS - SEARCH BY TAX DEPARTMENT CONCLUDED WITHOUT SEIZING DOCUMENTS, ITEMS

Further company coverage: ACMO.NS

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** Shares of ACME Solar Holdings ACMO.NS shed 13% at 251 rupees on their first day of trading after IPO

** Price for the solar panel maker's 29 bln rupees IPO was at 289 rupees per share

** ACMO issued new shares worth 5.05 bln rupees (~$60 million) while existing shareholders sold shares worth 23.95 bln rupees in IPO

** Proceeds of the IPO will be used paying its units' borrowings, prospectus showed

** Larger rival NTPC Green Energy announced price band of 102-108 rupees for its IPO which opens on Nov. 19 for retail investors

** ACMO's IPO was over subscribed 2.8 times, exchange data showed

($1 = 84.3570 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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