| Funding Amount | ₹1,571 CrLong-term Debt |
|---|---|
| Market Cap | ₹27,988 CrMid Cap |
| Revenue Growth | 59.16%Annual YoY |
| RSI | 60.02Neutral Zone |
| Order from | India Infrastructure Finance Company Ltd (IIFCL) |
| Deal value | ₹1,571 Cr |
| Share of market cap | 5.6% |
Key highlights
- Debt facility of ₹1,571 crore secured with a long-term repayment tenor of 19 years
- Funding supports the ACME Renewtech Sixth 300 MW assured peak power project in Rajasthan
- The project integrates a massive 1,350 MWh Battery Energy Storage System (BESS)
- Power Purchase Agreement (PPA) signed with SECI for 25 years at a tariff of ₹6.28 per unit
- Total financing secured by the company during the current fiscal year reaches ₹10,976 crore
Terms of the Debt Facility
The project financing marks a significant milestone as it represents India Infrastructure Finance Company Ltd (IIFCL) acting as the sole lender for a greenfield initiative by ACME Solar. The loan carries a competitive interest rate and features a repayment tenor of 19 years, providing the long-term capital structure required for large-scale renewable utility assets. This facility is part of a broader capital mobilization strategy by the company, which has seen it secure nearly ₹11,000 crore in financing within the current fiscal year to support its aggressive expansion in the hybrid renewable energy space.
Project Specifications and Execution
- The 300 MW project is designed to provide assured peak power, addressing grid stability and intermittency issues
- Integration of a 1,350 MWh Battery Energy Storage System (BESS) ensures higher dispatchability for the solar-generated power
- Infrastructure development is on a fast track with grid connectivity already operational and land for the site substantially secured
- Pooling substations and dedicated transmission lines are currently in advanced stages of completion
- The project reinforces Rajasthan's position as the primary hub for the company's hybrid renewable capacity
Financial and Operational Context
Acme Solar Holdings has demonstrated strong financial momentum with a trailing twelve-month net profit of ₹603.43 crore and an annual revenue growth of over 59%. The company operates a diversified portfolio of 8,370 MW, encompassing solar, wind, and hybrid solutions. With an operational contracted capacity of 2,990 MW and a massive under-construction pipeline of 5,380 MW, the company leverages its in-house EPC and O&M divisions to maintain industry-leading operating margins.
The current funding reinforces its ability to execute large-scale projects that combine generation with storage to meet specific PPA obligations.
Industry Funding Trends
The shift toward 'firm and dispatchable' renewable energy (FDRE) is gaining momentum in India, as evidenced by the increasing number of peak power tenders. The involvement of state-backed lenders like IIFCL in sole-lending roles for greenfield storage-linked projects signals growing institutional confidence in the commercial viability of large-scale battery systems. As the sector matures, developers are moving beyond pure-play solar to hybrid models that can capture higher tariffs, such as the ₹6.28 per unit secured by ACME for this project, reflecting the premium value of peak power delivery compared to standard solar contracts.
| Share price | ₹395.95 |
|---|---|
| Market capitalisation | ₹27,988.69 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) | 46.38×Sector 22.53× |
| 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 regarding the procurement of project funding from IIFCL for its 300 MW project. Market figures from a third-party data provider.
