ACME Solar Holdings stock jumps after receiving LoA for 130 MW renewable energy project

Synopsis: Shares of Renewable Energy Company makes spotlight after bagging a 130MW Energy project. This project extends to a period of 25 years with a fixed tariff of 4.35 per unit.

A renewable stock where the company has a portfolio of solar, wind, hybrid, and firm and dispatchable renewable projects was in the spotlight as the company received an order to develop a 130 MW renewable project for 25 years. With a market cap of Rs 14,480 Cr, ACME Solar Holdings Ltd saw its stock hit an intraday high of Rs 242 which is 2.5 percent higher than the previous close of Rs 236.

What’s the News?

On Wednesday, ACME Solar Holdings Limited announced that the company has received a Letter of Award from REMC Limited to develop a 130 MW Renewable Energy Round the Clock power project, this  marks a significant milestone in India’s clean energy sector. The project will be executed at a fixed tariff of Rs 4.35 per unit for a period of 25 years, ensuring long-term revenue visibility. This domestic order strengthens ACME Solar’s position and aligns well with India’s renewable energy targets.

As of the latest quarter the company had its total portfolio standing at around 7,390 megawatt, which includes 13.5 gigawatt hours of BESS capacity and 5,180 megawatt of Power Purchase Agreement signed capacity. 

Business & Financial Overview

Incorporated in 2015, ACME Solar Holdings Limited is a renewable energy company in India, with its portfolio spanning across solar power, wind energy, hybrid renewable projects, and firm and dispatchable renewable energy solutions. The company focuses on developing, owning, and operating large-scale clean energy project

In the latest quarter ACME saw a YoY revenue growth of 80 percent, going from Rs 260 Cr in Q2FY25 to Rs 468 Cr in Q2FY26,, while the QoQ fell by 8.4 percent from Rs 511 Cr in Q1FY26. The YoY Net Profits growth is at 666 percent, going from Rs 15 Cr in Q2FY25 to Rs 115 Cr in Q2FY26, while the QoQ fell by 12 percent from Rs 131 Cr in Q1FY26.

Other points to highlight includes the company’s 3 year profit CAGR of 48 percent, and ACME also projects to deliver a stronger EBITDA to capex yield of around 14 percent-15 percent which is an upside of Rs 170 Crore in its annual EBITDA.

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