| Project Capacity | 130 MWRTC Renewable |
|---|---|
| Tariff Rate | ₹4.35Per kWh |
| Market Cap | ₹28,225 CrMid Cap |
| Revenue TTM | ₹2,369.9 CrOperating |
| Order from | Northeast Frontier Railway (NFR) / REMC Limited |
| Execution period | 25 years from Scheduled Commencement of Supply Date (25.02.2029) |
Key highlights
- Execution of PPA by wholly owned subsidiary ACME Marigold Urja Private Limited
- Contract awarded by REMC Limited for supply to Northeast Frontier Railway
- Project capacity of 130 MW under the Round-the-clock (RTC) renewable model
- Fixed tariff of Rs 4.35 per kWh applicable throughout the 25-year project tenure
- Scheduled Commencement of Supply Date (SCSD) set for February 25, 2029
Strategic Power Purchase Agreement
ACME Marigold Urja Private Limited, a wholly owned subsidiary of ACME Solar Holdings, has formalized a Power Purchase Agreement with Northeast Frontier Railway. The contract involves the development of a 130 MW renewable energy project capable of providing power on a Round-the-clock basis. Awarded by REMC Limited, the agreement stipulates a fixed tariff of Rs.
4.35 per kWh for the entire project life. The scheduled commencement of supply is slated for February 25, 2029, following which the contract will remain in effect for a tenure of 25 years. This voluntary disclosure follows a previous intimation regarding the project award made in late 2025.
Profile of the Awarding Entities
The order originates from REMC Limited, the nodal agency responsible for managing the energy requirements of the Indian Railways. REMC operates as a joint venture between the Ministry of Railways and RITES Limited, focusing on renewable energy procurement to meet the national carrier's net-zero carbon goals. Northeast Frontier Railway, the primary beneficiary, serves as a critical infrastructure zone covering the northeastern states and parts of West Bengal and Bihar.
This collaboration highlights the growing role of private independent power producers in modernizing India's railway energy infrastructure through large-scale green energy transitions.
Significance of Round-the-Clock Power
This project emphasizes ACME Solar's transition toward sophisticated Round-the-clock (RTC) renewable solutions. Unlike traditional solar projects that generate power only during daylight hours, RTC projects integrate storage or multiple energy sources to provide a stable, continuous supply. This model is increasingly preferred by institutional clients like the Indian Railways for grid stability and reliability.
Securing a 25-year revenue stream at a pre-determined tariff provides significant long-term cash flow visibility for the company, further strengthening its order book and competitive positioning in the high-growth green energy utilities sector.
Financial Trajectory and Market Standing
ACME Solar Holdings currently maintains a robust financial profile, with a trailing twelve-month operating revenue of Rs. 2,369.9 crore. The company reported a significant net profit growth of 79.87% year-on-year in the most recent quarter, reaching Rs.
235.33 crore. With an annual operating profit margin of 85.63%, the firm demonstrates high efficiency in its utility-scale operations. The stock has shown strong market momentum with a 37.31% return over the past year, currently trading near its 52-week high.
Institutional interest remains high, with domestic mutual funds and foreign investors collectively holding over 20% of the equity.
| Share price | ₹399.3 |
|---|---|
| Market capitalisation | ₹28,225.49 Cr |
| Revenue (annual) | ₹2,023.38 Cr |
| Net profit (annual) | ₹498.92 Cr |
| Revenue (latest quarter) | ₹857.50 Cr+56.52% vs previous quarter |
| Net profit (latest quarter) | ₹235.33 Cr+68.92% vs previous quarter |
| P/E (TTM) | 46.77×Sector 22.58× |
| Promoter holding | 71.4%-11.89% QoQ |
| FII holding | 4.39%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by ACME Solar Holdings Limited announcing the execution of a Power Purchase Agreement with Northeast Frontier Railway. Market figures from a third-party data provider.
