| Contract Capacity | 300 MWWind-Solar Hybrid |
|---|---|
| Market Cap | ₹26,677 CrGreen Energy |
| Revenue TTM | ₹2,023 CrOperating |
| RSI | 62.25Neutral Zone |
| Order from | Solar Energy Corporation of India Limited (SECI) |
| Execution period | 25 years from the date of SCSD (SCSD is 30.06.2028) |
Key highlights
- Subsidiary ACME Renewtech Fifth Private Limited signed the PPA under SECI Hybrid Tranche IX
- Project capacity of 300 MW with a scheduled commencement date of June 30, 2028
- Contracted supply period of 25 years at a fixed tariff of Rs. 3.25 per unit
- Commitment to maintain a minimum annual capacity utilization factor of 30%
- Company's total PPA-signed portfolio expands to 6,870 MW out of 8,070 MW total
Details of the Power Purchase Agreement
ACME Renewtech Fifth Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, has formalized a 25-year Power Purchase Agreement with the Solar Energy Corporation of India Limited. The contract pertains to a 300 MW Wind-Solar Hybrid project awarded under the Hybrid Tranche IX program. The project is scheduled for commencement on June 30, 2028, and will supply renewable energy at a fixed tariff of Rs.
3.25 per unit. The agreement mandates a minimum annual capacity utilization factor of 30%, ensuring consistent energy delivery through the Inter-State Transmission System substations located in high-irradiation and high-wind zones.
Operational and Strategic Business Impact
- Strengthens the long-term revenue pipeline with a 25-year contracted supply commitment
- Increases the total PPA-signed portfolio to 6,870 MW, representing a significant portion of the 8,070 MW total portfolio
- Leverages pre-secured connectivity at ISTS substations to optimize infrastructure utilization
- Validates the company's hybrid energy strategy designed for high-irradiation and wind-heavy geographic zones
- Enhances project execution visibility with a defined Scheduled Commencement of Supply Date in mid-2028
Company Profile and Market Position
ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio spanning solar, wind, storage, and hybrid solutions. The company manages an operational capacity of 2,990 MW and is currently developing an under-construction pipeline of 5,080 MW. With an in-house Engineering, Procurement, and Construction division and dedicated Operations and Maintenance teams, ACME executes end-to-end development of renewable plants.
This integrated model allows the company to deliver projects cost-effectively while maintaining industry-leading operating margins and capacity utilization factors across its national footprint.
Financial Performance and Industry Context
- Annual net profit witnessed a growth of 97.9%, reaching ₹498.92 crore for the fiscal year
- Operating revenue for the trailing twelve months stands at ₹2,023.38 crore with an 87.4% quarterly profit margin
- The renewable energy sector is increasingly adopting hybrid solar-wind models to improve grid stability and load profiles
- Company maintains a healthy PEG ratio of 0.55, indicating growth potential relative to earnings
- Promoter holding remains substantial at 71.48%, reflecting strong internal backing of the green energy roadmap
| Share price | ₹377.4 |
|---|---|
| Market capitalisation | ₹26,677.44 Cr |
| Revenue (annual) | ₹2,023.38 Cr |
| Net profit (annual) | ₹498.92 Cr |
| Revenue (latest quarter) | ₹547.85 Cr+10.28% vs previous quarter |
| Net profit (latest quarter) | ₹139.32 Cr+22.52% vs previous quarter |
| P/E (TTM) | 53.47×Sector 24.47× |
| Promoter holding | 71.48%-11.81% QoQ |
| FII holding | 3.93%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 Solar Energy Corporation of India Limited. Market figures from a third-party data provider.
