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ACME Solar Holdings (ACME Solar) has secured Rs 1,571 crore long-term project funding from India Infrastructure Finance Company (IIFCL) for the construction and development of ACME Renewtech Sixth 300 MW assured peak power project in Rajasthan. This project financing, secured at a competitive rate of interest, marks IIFCL's first sole greenfield finance to ACME, with IIFCL acting as the sole lender for the project with a repayment tenor of 19 years.
The current funding milestone takes the overall financing secured by ACME Solar during this fiscal to Rs 10,976 crore.
The Power Purchase agreement (PPA) for this project has been executed with SECI for a period of 25 years at a tariff of INR 6.28/unit. ACME Greentech Seventh assured peak power project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet the supply obligations under its PPA ensuring higher predictability and dispatchability.
The project entails a total capex of Rs 2123 crore and forms part of ACME Solar's broader battery-storage capital deployment programme for the current financial year.
The funding takes the total financing secured by ACME Solar during the current financial year to Rs 10,976 crore. The power purchase agreement (PPA) for the project has been executed with Solar Energy Corporation of India (SECI) for 25 years at a tariff of Rs 6.28 per unit.
The ACME Greentech Seventh assured peak power project combines multiple renewable energy technologies, including solar and battery energy storage system (BESS), to meet the supply obligations under its PPA and ensure greater predictability and dispatchability of power. The project entails a total capex of Rs 2,123 crore and forms part of ACME Solar’s broader battery-storage capital deployment programme for the current financial year.
According to the company, the project is progressing on a strong execution footing, with grid connectivity already operational, while the pooling substation and dedicated transmission line are at advanced stages of completion. Land for the project site has also been substantially secured, positioning the project for timely construction.
The plant will integrate a 1,350 MWh BESS alongside solar generation, enabling assured peak power supply under its PPA. Like ACME Solar’s other assured peak power projects, the asset is being developed entirely within Rajasthan, reinforcing the state’s growing role as a hub for the company’s hybrid renewable capacity.
ACME Solar is an integrated renewable energy company with a diversified portfolio of 8,370 MW across solar, wind, hybrid, storage and FDRE projects. It has an operational contracted capacity of 2,990 MW, around 3.62 GWh of BESS capacity and 5,380 MW of contracted capacity under construction.
On a consolidated basis, the company’s net profit rose 79.87% to Rs 235.33 crore in the quarter ended June 2026 from Rs 130.83 crore in the quarter ended June 2025. Sales increased 67.81% to Rs 857.48 crore in the June 2026 quarter from Rs 510.98 crore in the June 2025 quarter.
The counter shed 0.92% to Rs 392 on the BSE.
Balrampur Chini Mills Ltd, ACME Solar Holdings Ltd, Pfizer Ltd, Emmvee Photovoltaic Power Ltd are among the other stocks to see a surge in volumes on NSE today, 20 August 2026.
MMTC Ltd notched up volume of 373.46 lakh shares by 14:14 IST on NSE, a 29.12 fold spurt over two-week average daily volume of 12.82 lakh shares. The stock rose 6.68% to Rs.66.30. Volumes stood at 7.03 lakh shares in the last session.
Balrampur Chini Mills Ltd witnessed volume of 214.63 lakh shares by 14:14 IST on NSE, a 24.59 times surge over two-week average daily volume of 8.73 lakh shares. The stock increased 13.31% to Rs.737.40. Volumes stood at 16.18 lakh shares in the last session.
ACME Solar Holdings Ltd notched up volume of 84.11 lakh shares by 14:14 IST on NSE, a 9.43 fold spurt over two-week average daily volume of 8.92 lakh shares. The stock rose 4.63% to Rs.398.00. Volumes stood at 21.21 lakh shares in the last session.
Pfizer Ltd registered volume of 2.81 lakh shares by 14:14 IST on NSE, a 4.55 fold spurt over two-week average daily volume of 61761 shares. The stock slipped 0.16% to Rs.4,911.50. Volumes stood at 1.6 lakh shares in the last session.
Emmvee Photovoltaic Power Ltd notched up volume of 67.43 lakh shares by 14:14 IST on NSE, a 4.2 fold spurt over two-week average daily volume of 16.06 lakh shares. The stock rose 3.19% to Rs.327.05. Volumes stood at 14.63 lakh shares in the last session.
ACME Solar has successfully completed the refinancing of Rs 2,147 crore thereby redeeming existing Non-Convertible Debentures (NCDs) issued by 12 operational special purpose vehicles (SPVs), representing a cumulative capacity of 450 MW, in August 2021 under Restricted Group (RG) Structure.
Concurrently, the underlying offshore dollar bonds under the orphan structure has also been fully redeemed. This takes the total financing raised so far during the current fiscal to Rs 8,198 crore.
RG Structure comprises of 12 Operational Solar Assets with 56% of the overall capacity being tied up with Central Utilities viz. SECI and NTPC and rest capacity tied up with various States offtakers. RG structure is provisionally rated as AA- from CARE ratings which demonstrates credit rating agency comfort on the operational and financial parameters of these assets.
This long-term refinancing has been availed from National Bank for Financing Infrastructure and Development (NaBFID).
This has reduced the borrowing cost by approximately 150 basis points across these issuing SPVs, resulting in stronger project cash flows and an enhanced long-term capital structure.
ACME Solar Holdings (ACME Solar) has secured Rs 3,404.57 crore long-term project funding for its ACME Urja One (Phase – III) 250 MW FDRE project from Power Finance Corporation (PFC) for the development & construction of the project.
PFC will serve as the sole financer for this project with a repayment tenor of 19 years.
The current funding milestone takes the overall project funding raised by the company during this fiscal to Rs 6,051 crore.
The PPA for this project was signed with NHPC for a period of 25 years at a tariff of Rs 4.33/unit. The tariff is already approved and adopted by Central and State Regulator.
The ACME Urja One (Phase-III) FDRE project combines multiple renewable energy technologies including Solar, Wind and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. It spans across Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat with necessary land and connectivity already in place. The development of this project is progressing on schedule and is expected to be commissioned next year.
With this transaction, ACME Solar has raised Rs 6,051 crore in project funding during the current financial year.
The project has a 25-year power purchase agreement (PPA) with NHPC, with a tariff of Rs 4.33 per unit. The tariff has already been approved and adopted by the central and state regulators.
The FDRE project integrates solar, wind and battery energy storage system (BESS) technologies to provide a more reliable and dispatchable renewable power supply. It is being developed across Jaisalmer, Rajasthan, and Devbhumi Dwarka, Gujarat, where land and grid connectivity are already in place. The company said the project is progressing as scheduled and is expected to be commissioned next year.
ACME Solar is an integrated renewable energy company with a diversified portfolio of 8,070 MW spanning solar, wind, hybrid, storage and FDRE projects. It has an operational contracted capacity of 2,990 MW, around 3.62 GWh of BESS capacity, and 5,080 MW of contracted capacity under construction.
On a consolidated basis, ACME Solar Holdings' net profit rose 12.94% to Rs 139.32 crore while net sales rose 12.50% to Rs 547.77 crore in Q4 March 2026 over Q4 March 2025.