ACME Solar Shares Gain 1% Following Power Purchase Agreement with SECI

ACME Solar Holdings Ltd Sees 1% Gain Following Power Purchase Agreement

Shares of ACME Solar Holdings Ltd ended nearly 1 per cent higher on Tuesday after the company signed a power purchase agreement with state-owned Solar Energy Corporation of India for a 300 MW/1,200 MWh power project. The stock settled at Rs 303 apiece on the NSE, up 0.8 per cent from the previous close.

ACME Solar Holdings Ltd announced that its subsidiary, ACME Renewtech Sixth Pvt Ltd, has signed a 25-year power purchase agreement with SECI for 300 MW/1,200 MWh of ISTS-connected assured peak power capacity. The FDRE project will be connected to ISTS substations and will utilize the company's existing night-time connectivity at high irradiation zones.

Under the agreement, ACME Solar will supply four hours of assured peak power during non-solar hours, with a minimum annual availability requirement of 85 per cent. The project was awarded to the company under SECI's FDRE Tranche-VII tender following the Letter of Award dated February 10, 2026. The tender was issued under tariff-based competitive bidding guidelines, while the e-reverse auction was conducted on February 2.

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Following the signing of the agreement, the company's PPA-signed portfolio has risen to 6,570 MW out of its total contracted portfolio of 8,070 MW. ACME Solar Holdings Ltd operates in the renewable energy sector with a portfolio spanning solar, wind, storage, FDRE, and hybrid solutions.