ACME Solar Share Price Rise 6.66% After Commissioning 143 MW / 481 MWh Battery Energy Storage Project In Rajasthan

Mumbai, March 13: Share price of ACME Solar Holdings Ltd rose sharply in Friday’s session after the company announced the commissioning of a large battery energy storage system (BESS) project in Rajasthan.

The stock traded at ₹256.06, up ₹15.98 or 6.66%, as of 1:56 pm IST on March 13, 2026, compared with its previous close of ₹240.08. The shares move followed an exchange disclosure confirming the commissioning of a 142.67 MW / 481.49 MWh battery energy storage system in Rajasthan.

Why The Share Price Moved

ACME Solar Holdings Ltd informed exchanges on March 13, 2026, that it has commissioned 142.67 MW / 481.49 MWh of Battery Energy Storage System capacity in phase-1 of its broader BESS portfolio under multiple special purpose vehicles.

The project forms part of the company’s planned BESS capacity of 585 MW / 2,011.24 MWh. According to the company’s official press release submitted to stock exchanges, the Rajasthan installation has been connected to the Inter-State Transmission System (ISTS).

Initially, the storage assets will operate on a merchant basis, allowing the company to generate revenue from the price differential between peak and non-peak electricity demand periods. Over time, these storage systems are expected to integrate with the company’s FDRE projects and operate under long-term power purchase agreements (PPAs) for up to 25 years.

The announcement signalled operational progress in the company’s storage strategy, which appears to have driven investor interest during the session.

Stock Performance Snapshot

As of 1:56 pm IST on March 13, 2026, ACME Solar shares were trading at ₹256.06, marking a 6.66% gain during the session.

The stock opened at ₹243.00, touched a high of ₹262.80, and slipped to a low of ₹239.01 earlier in the day so far. The company’s market capitalisation stood at roughly ₹15,500 crore, with a reported price-to-earnings ratio of around 32.43 based on available market data.

Despite the day’s rally, the stock remains below its 52-week high of ₹324.30, while comfortably above its 52-week low of ₹172.63.

What This Means For Investors

The commissioning of the BESS facility marks a step forward in ACME Solar’s energy storage deployment strategy, an area gaining traction as India accelerates renewable energy integration into the grid.

Battery storage projects play a key role in managing renewable intermittency. By storing electricity during low-demand periods and releasing it during peak hours, such assets can enhance grid flexibility while also opening merchant trading opportunities in power markets.

For investors, the development highlights the company’s effort to diversify revenue streams beyond conventional solar generation, particularly through hybrid renewable and storage-linked projects.

Broader Market And Sectoral Context

India’s renewable sector has increasingly focused on firm and dispatchable renewable energy (FDRE) projects that combine solar, wind, and storage. Government policies and power market reforms are gradually pushing utilities toward solutions that ensure round-the-clock supply.

Battery storage infrastructure is becoming central to this transition. Developers are exploring large-scale BESS installations to balance variable renewable generation while capturing value from peak power demand cycles.

Against this backdrop, companies with early operational storage assets may gain strategic positioning as grid-scale battery deployments expand.

About The Company

ACME Solar Holdings Limited is an integrated renewable energy company with a diversified portfolio spanning solar, wind, hybrid renewable projects, and energy storage solutions.

According to company disclosures, the firm has a portfolio of around 8,071 MW across multiple renewable technologies. It currently reports 2,966 MW of operational contracted capacity along with 481 MWh of battery energy storage capacity.

The company also has 5,105 MW of contracted capacity under construction, including approximately 16.5 GWh of planned BESS installations, while its under-construction PPA-signed portfolio stands at about 3,304 MW.

Conclusion

ACME Solar’s latest project commissioning underscores the company’s push into large-scale energy storage infrastructure alongside its renewable generation portfolio.

While the immediate stock movement reflects investor reaction to operational progress, the long-term impact will likely depend on how effectively the company scales its storage capacity and converts these assets into stable revenue streams through merchant markets and long-term PPAs.

Source:

• https://www.nseindia.com/get-quote/equity/ACMESOLAR/Acme-Solar-Holdings-Limited
• https://nsearchives.nseindia.com/corporate/ACME122002_13032026083845_Intimation1303.pdf