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ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

2025-09-12

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).

The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.

The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and dispatchability, in line with the power purchase agreement (PPA).

ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio spanning solar, wind, storage, hybrid, and FDRE projects.

The company’s consolidated net profit rose sharply to Rs 1.31 billion in Q1 FY26 from Rs 13.9 million in Q1 FY25. Revenue from operations increased 65 per cent year-on-year to Rs 5.11 billion in Q1 June 2025.

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