Q3 FY25: ACME Solar’s PAT Up By 152% YoY, PAT Margin At 28% Updated On Wed, Jan 29th, 2025 by Saurenergy ACME Solar Holdings, in its Q3 FY25 financial results, reported a 152% year-over-year (YoY) increase in Profit After Tax (PAT). It also reported a 632.5% jump in its net profit on a Quarter-On-Quarter (QoQ) basis. The PAT margin reached 28%, while the net debt-to-equity ratio stood at 1.6x. The company’s total revenue increased by 9.9% […] Read more
News In Brief Jan 24: ACME Solar, LONGi, Sungrow, Qcells Updated On Fri, Jan 24th, 2025 by Saurenergy Rajasthan: ACME Solar Operational RE Capacity Touches 2.54 GW ACME Solar Holdings through its subsidiaries ACME Deoghar Solar Power and ACME Phalodi Solar Energy, has commissioned the remaining capacity of 47 MW and 39.95 MW, respectively. The company commissioned these projects in Rajasthan. The company said in a regulatory filing, “These two plants are now […] Read more
ACME Solar Commissions 90 MW Solar Project In Rajasthan Updated On Thu, Jan 9th, 2025 by Saurenergy ACME Solar Holding (ASHL) has now commissioned an additional aggregate capacity of 90 MW of solar power projects in Rajasthan. The company secured this project through its subsidiaries, viz. ACME Dhaulpur Powertech Private Limited and ACME Raisar Solar Energy Private Limited, to commission the remaining capacity of 62 MW and 28 MW, respectively. These two […] Read more
ACME Solar Appoints Dinesh Chadha As President, Renewable Energy (Senior Management) Updated On Tue, Jan 7th, 2025 by Saurenergy Gurugram-based ACME Solar has announced the appointment of Dinesh Chadha as the President, Renewable energy of the company. The company said in a regulatory filing, “Dinesh Chadha holds a bachelor’s degree in Electrical Engineering from Nagpur University. Before joining Acme Solar, he served as the Managing Director at Linxon India (earlier ABB India) for India […] Read more
Winning Bids Cross Rs 3/kWh In SECI’s 1 GW Solar Tender Updated On Thu, Dec 26th, 2024 by Saurenergy In an ominous sign of changing market dynamics, SECI’s 1000 MW Tranche XVIII tender for ISTS connected solar projects has attracted winning bids, all over Rs 3/kWh. The tender, released in September this year, has ReNew Solar Power( 250 MW at Rs 3.04), Acme Solar holdings (300 MW at Rs 3.05) and Adani Green Energy […] Read more
ACME Solar Commissions 1 GW Solar Projects In Rajasthan Updated On Thu, Dec 19th, 2024 by Saurenergy Haryana-based ACME Solar Holdings Limited (ASHL), has now commissioned its four ISTS-connected SECI projects. These solar projects aggregated to 1.02 GW are located in Jaisalmer, Rajasthan. They are part of a 1200 MW cluster spread over 4 projects. This achievement marks the commissioning of one of the largest single-location projects in India. The remaining capacity […] Read more
ACME Solar Set To Bring Its Maiden Wind Project Soon Updated On Mon, Dec 2nd, 2024 by Saurenergy ACME Solar, a renewable energy project developer, is transitioning beyond its solar-focused roots. The company is gearing up to commission its first-ever wind energy project, marking a significant step in its diversification journey. In a recent investors’ call, the company’s top management shared insights into its evolving strategy and plans for the future. Transition to […] Read more
Green Stocks Nov 28: Adani Bounce Back Continues, NTPC Green Shines Updated On Thu, Nov 28th, 2024 by Saurenergy Following its strong recovery yesterday, Adani Green Energy continued its sharp recovery, rising 10% again today. Keeping it company was the newly listed NTPC Green, which rose almost 5% to 127 on the back of a project commissioning. Waaree Renewable Technologies powered up 5% after its announcement late last evening of a 2 GW project. […] Read more
CERC To Acme Solar-Complete 300 MW Solar Project After Paying Penalty Updated On Thu, Nov 28th, 2024 by Saurenergy Ruling on a case involving Acme Solar and Central Transmission Utility of India (CTUIL), the Central Electricity Regulatory Commission (CERC) has allowed Acme Solar an extension on its delayed project in Rajasthan, with the provision of more damages in case it does not deliver a phased commissioning under the new deadlines. Petition Overview: ACME Solar […] Read more
