ACME Solar Gains As BESS Capacity Tops Two GWh In Rajasthan

27 Apr 2026 CW Team

ACME Solar Holdings shares rose one point three five per cent to Rs 300.30 after the company operationalised more than two gigawatt-hour (GWh) of battery energy storage system (BESS) capacity in Rajasthan. The firm said the move followed completion of projects intended to bolster grid stability by storing power during off?peak periods and supplying it during peak demand. Market response reflected investor focus on the expanded storage footprint.

The company said cumulative operational battery energy storage system capacity now stands at 591.18 Megawatt (MW) and 2,031.24 megawatt-hour (MWh) across subsidiaries in the state. The projects are intended to smooth supply variability from renewable generation and to support grid balancing services. Operationalisation in multiple locations is expected to enhance dispatch flexibility for the regional network.

ACME Solar plans to scale up its BESS capacity to 10 GWh by 2027 and aims to accelerate deployment as part of its growth programme. The firm has a total portfolio of 8,071 Megawatt across solar, wind, storage and hybrid projects, with 2,990 MW operational and 5,081 MW under construction. The expansion strategy targets both capacity build and commissioning timelines to improve earnings visibility.

The company reported consolidated net profit rose one point four seven per cent to Rs 1,137.1 million (mn) on a forty two point three per cent jump in net sales to Rs 4,966.2 mn in the third quarter of FY26 over the same period a year earlier. Earlier this month a foreign brokerage initiated coverage with a buy rating and a target price of Rs 350, noting that the firm is well placed to benefit from a strong project pipeline and supportive policy measures. The brokerage indicated that ongoing capacity expansion and rising solar auction activity underpin the growth outlook. No Business Standard journalist was involved in preparation of the original release.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..