ACME Solar Secures ₹1,571 Crore IIFCL Funding; Shares Rise 0.13%

Mumbai August, 27: ACME Solar Holdings Limited has secured ₹1,571 crore in long-term project funding from India Infrastructure Finance Company Limited (IIFCL) for the construction and development of its ACME Renewtech Sixth 300 MW assured peak power project in Rajasthan.

According to the company’s exchange disclosure, the financing has been arranged at a competitive interest rate and carries a repayment tenure of 19 years. IIFCL is participating as the sole lender for the project, marking its first greenfield financing to ACME Solar.

The latest funding takes ACME Solar’s overall financing secured for its assured peak power projects during the current financial year to ₹10,976 crore. The company said the project has already achieved key execution milestones, including operational grid connectivity, while the pooling substation and dedicated transmission line are at advanced stages of completion.

The project has an estimated capital expenditure of ₹2,123 crore and will combine solar generation with a 350 MW battery energy storage system. The power purchase agreement has been executed with SECI for 25 years at a tariff of ₹6.28 per kWh.

Stock Market Snapshot

ACME Solar share price stood at ₹396.45, up ₹0.50 or 0.13%, as of 9:23:04 a.m. IST on August 27, 2026, according to the market data shown in the price chart.

The stock opened around ₹399.50 in the displayed session before easing towards ₹396. The movement remained relatively muted, with shares still holding marginally above the previous reference level.

The funding announcement adds visibility to the project’s financing structure as ACME Solar moves towards construction. The company said land for the project has been substantially secured and the existing execution readiness is expected to support timely construction.

ACME Solar Expands Assured Peak Power Portfolio

The Rajasthan project is part of ACME Solar’s wider battery-storage deployment programme. The company said the project will integrate 350 MW of BESS alongside solar generation, allowing it to provide assured peak power under the PPA.

ACME Solar currently has an integrated renewable energy portfolio of 8,370 MW spanning solar, wind, storage, FDRE and hybrid projects. Its operational contracted capacity stands at 2,990 MW, alongside approximately 3.62 GWh of BESS capacity and a contracted capacity of 5,380 MW.

The company said its under-construction PPA portfolio stands at 4,010 MW. With an in-house engineering, procurement and construction division and operations and maintenance capabilities, ACME Solar undertakes project development and execution internally.

Conclusion

The ₹1,571 crore IIFCL facility provides long-term funding for ACME Solar’s 300 MW assured peak power project in Rajasthan, which carries a 25-year PPA with SECI and a planned 350 MW battery storage component.

Shares were trading at ₹396.45, up 0.13%, as of 9:23:04 a.m. IST on August 27, 2026. The financing strengthens the project’s funding position as ACME Solar progresses towards construction and commissioning.

Source:

• https://www.nseindia.com/get-quote/equity/ACMESOLAR/Acme-Solar-Holdings-Limited
• https://nsearchives.nseindia.com/corporate/ACMECS_27082026082459_Intimation27082026.pdf