ACME Solar Gets Rs 3892 Million Loan for 400 MW Project

15 Sep 2025 CW Team

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after the company announced that its wholly owned subsidiary, ACME Venus Urja, has secured long-term project financing worth Rs 3.89 billion from the State Bank of India (SBI).

The funds will be used for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project located in Barmer, Rajasthan. The loan repayment will be spread over 19 years.

The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure greater reliability and dispatchability, in line with the requirements of the power purchase agreement (PPA).

ACME Solar Holdings is a fully integrated renewable energy company in India, with a diversified portfolio across solar, wind, storage, hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects.

The company’s consolidated net profit stood at Rs 13.08 million in Q1 FY26, sharply higher than Rs 0.14 million in Q1 FY25. Revenue from operations jumped 65 per cent year-on-year to Rs 51.10 million in Q1 ending June 2025.

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