Acme Solar Share Price Rises 9% Amid Market Volatility

ACME Solar Share Price Jumps 9% Following BESS Commissioning

March 13, 2026

Market Update

ACME Solar's share price surged over 9% on Friday, March 13, following the company's announcement that it has commissioned 142.67 MW/481.49 MWh of Battery Energy Storage System (BESS) as part of its phase-1 rollout. The BESS installations are connected to the existing operational Inter-State Transmission System (ISTS) and will operate on a merchant basis on a short-term basis, generating additional revenue streams through price differentials between peak and non-peak demand hours.

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Business Update

The commissioned BESS projects are part of ACME Solar's planned capacity of 585 MW/2011.24 MWh under Special Purpose Vehicles (SPVs) in Rajasthan. The company's current portfolio requires the installation of approximately 17 GWh of BESS in multiple phases across different states. ACME Solar Holdings is a leading entity in the renewable energy sector, boasting a diverse range of offerings totaling 8,071 MW across solar, wind, storage, Firm and Dispatchable Renewable Energy (FDRE), and hybrid solutions.

Operational Highlights

The company's operational contracted capacity stands at 2,966 MW, with 481 MWh dedicated to battery energy storage systems (BESS). ACME Solar has a contracted capacity of 5,105 MW under construction, which includes approximately 16.5 GWh of BESS installations. The portfolio of Power Purchase Agreements (PPAs) under construction amounts to 3,304 MW.

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Recent Developments

On Thursday, ACME Solar's subsidiary, ACME Greentech Seventh Pvt Ltd, signed two power purchase agreements (PPAs) with SJVN Ltd to provide 450 MW through a FDRE Power Project. The PPAs were formalized for a duration of 25 years on March 2, following a tender process in accordance with tariff-based competitive bidding (TBCB) regulations.

Share Price Performance

ACME Solar's share price opened at ₹241.95 apiece on the BSE, touching an intraday high of ₹262.45 per share and an intraday low of ₹239.10 apiece. Market analysts believe that the stock's breakout above its 200-day moving average (DEMA) is a positive sign, with potential targets of ₹265 and ₹290 in the near term if the stock manages to stay above the ₹240 mark.