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ACME Solar Holdings through its subsidiary, ACME Urja One, has signed a 25-year Power Purchase Agreement (PPA) with NHPC, a AAA-rated Central Government enterprise, on 29 January 2026 for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) Tranche VI Project. The project will be connected to ISTS substations, for which connectivity approvals are already in place. The current PPA has been signed with a minimum annual Capacity Utilisation Factor (CUF) of 40 per cent and an obligation to meet 90% of peak power requirement for 4 hours daily on monthly basis.
ACME Solar will establish this FDRE project at a capex investment of approximately Rs 3,700 crore. It is fast-tracking the project's construction and has already acquired nearly 40 per cent of the land requirement. The expected CUF of this project is more than 60 per cent. Following this PPA, ACME Solar's total PPA-signed portfolio now stands at 5,630 MW, complemented by a firm pipeline of 2140 MW, where LOAs have been awarded or are currently awaited.
With this, ACME Eco Clean Energy has achieved a commissioned capacity of 72 MW out of 100 MW.
ACME Solar Holdings has elevated Yogesh Kumar Sanklecha as Head of Business Development and designated him as Senior Management Personnel of the Company with effect from 15 January 2026. In this role, he will be heading all Commercial functions of the Group.
Yogesh Kumar Sanklecha is an MBA Gold Medallist and has been associated with the ACME Group for over 25 years, during which he has held several leadership positions across diverse functions and played a pivotal role in shaping the organisation's growth journey. Particularly at ACME Solar in the last few years, he has spearheaded multiple strategic initiatives and has been responsible for driving significant growth in the renewable business, reflecting his strong commercial acumen and deep understanding of the sector.
In his new role as Head of Business Development and Commercial functions, Yogesh is expected to be a key enabler in advancing ACME Solar's ambitious growth charter to reach 10GW by 2030, while continuing to be responsible for end-to-end stakeholder management from bidding through to project commissioning as an integral member of the company's leadership team.
Realty stocks extended their rally for a third straight trading session.
At 11:25 IST, the barometer index, the S&P BSE Sensex advanced 358.64 points or 0.42% to 85,544.61. The Nifty 50 index climbed 108.45 points or 0.41% to 26,255.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.68% and the S&P BSE Small-Cap index gained 0.67%.
The market breadth was strong. On the BSE, 2,575 shares rose and 1,272 shares fell. A total of 203 shares were unchanged.
Economy:
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) – a single-figure indicator of sector performance – fell from 56.6 in November to 55.0 in December, signalling the weakest improvement in the health of the sector in two years. Amid a general lack of pressure on operating capacities, there was only a marginal increase in factory employment during December.
Buzzing Index:
The Nifty Realty index climbed 1.42% to 897.90. The index jumped 3.23% for the three consecutive trading sessions.
Godrej Properties (up 2.31%), Oberoi Realty (up 1.95%), DLF (up 1.83%), Anant Raj (up 1.57%) and Sobha (up 1.5%), Phoenix Mills (up 1.27%), Lodha Developers (up 1.2%), Prestige Estates Projects (up 1.1%), SignatureGlobal India (up 0.21%) and Brigade Enterprises (up 0.09%) advanced.
Stocks in Spotlight:
ACME Solar Holdings rose 0.78%. The company announced the incorporation of a wholly owned subsidiary, ACME Greentech Eighteen, to strengthen its presence in the renewable energy segment.
Remsons Industries rallied 3.89% after the company has secured a Rs 60-crore order from a leading domestic commercial vehicle (CV) OEM.
Global Market:
South Korea’s Kospi hit a new record Friday as the Asia markets kicked off the new year on a positive trading note.
Some Asian markets were still closed for the holidays, including Japan and mainland China.
Meanwhile, Singapore’s economy expanded 5.7% year-on-year for the fourth quarter, driven mainly by strong manufacturing growth in the three months through December. The latest reading is faster than the revised 4.3% growth in the previous quarter.
On Wednesday, Prime Minister Lawrence Wong announced in his New Year message that the country had clocked a stronger-than-expected 4.8% expansion for the full year of 2025.
U.S. stock futures were looking up in early Asian hours, with S&P futures up by 0.15% and Nasdaq-100 futures climbing 0.12%. Dow Jones Industrial Average futures were 0.16% higher.
On Wednesday stateside, the S&P 500 dipped 0.74%, while the Nasdaq Composite fell 0.76% and the Dow Jones Industrial Average lost 0.63%.
ACME Greentech Eighteen was incorporated on 1 January 2026 and has its registered office in Gurugram, Haryana, India.
The company has subscribed to 100% of the initial paid-up share capital of the subsidiary in cash, amounting to Rs 1 lakh, comprising 10,000 equity shares of face value Rs 10 each.
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 115.06 crore in Q2 FY26, up 652.51% as against Rs 15.29 crore in Q2 FY25. Revenue from operations jumped 80.18% YoY to Rs 467.74 crore in Q2 September 2025.
The counter rose 0.17% to Rs 238.15 on the BSE.