Synopsis:
ACME Solar’s stock rose 5% to Rs. 318 after securing Rs. 3,892 crore SBI funding for its 400 MW renewable project, marking its largest financing milestone.
A leading renewable energy developer known for utility-scale solar and innovative dispatchable solutions, the company advances India’s clean power buildout. This article explores details regarding its Rs. 3,892 crore funding from State Bank of India for the renewable enregy Project.
ACME Solar Holdings Limited’s stock, with a market capitalisation of Rs. 18,721 crores, rose to Rs. 318, hitting a high of up to 5.17 percent from its previous closing price of Rs. 302.35. Furthermore, the stock over the past year has given a return of 22 percent.
Project Funding
ACME Solar has secured Rs. 3,892 crore in long-term funding from State Bank of India for its 400 MW Firm and Dispatchable Renewable Energy (FDRE) project, to be repaid over 19 years. This is the company’s biggest project financing yet and marks SBI’s first loan for ACME’s FDRE ventures, making it a significant milestone for both parties.
The project, located in Barmer, Rajasthan, is contracted with NHPC at a tariff of Rs. 4.64 per unit. It involves setting up solar panels and a Battery Energy Storage System (BESS) to reliably meet energy supply commitments and enhance grid stability as required by the contract.
Q1 Financial Highlights
The company reported revenue of Rs. 511 crore in Q1FY26, a strong growth of 65% YoY from Rs. 310 crore in Q1FY25 and 5% QoQ from Rs. 487 crore in Q4FY25. Profit surged to Rs. 131 crore in Q1FY26 versus Rs. 1 crore in Q1FY25, marking a sharp turnaround, while sequentially rising 7% from Rs. 122 crore in the previous quarter.
Over the longer horizon, the company has delivered a 3-year profit CAGR of 48% despite a 2% decline in sales CAGR, indicating improving margins and operational efficiency. ROE has compounded at a modest 5% over the same period, suggesting moderate returns on equity despite the sharp profit expansion.
Written By Fazal Ul Vahab C H
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