ACME Solar Shares Rise Over 3% as Firm Wins 50 MW FDRE Project from Tata Power

Gurugram, September 3, 2025: ACME Solar Holdings Limited share price is on the rise today, on September 3. As of 10:30 AM, the shares are up by 3.06%, or 8.80 points, and are currently trading at ₹296.00. Until now, the shares have traded within a range of ₹303.90-₹288.00.

Key Trigger: Renewable Energy Contract From Tata Power

The shares are surging due to the company’s announcement that it has received a Letter of Award (LoA) for a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project under Tata Power’s 250 MW FDRE tender. The winning tariff was fixed at ₹4.43 per unit through a tariff-based competitive bidding process and an e-reverse auction held on August 13, 2025.

The project includes an obligation of minimum annual CUF of 40% and 90% peak-hour availability for four hours monthly. ACME solar will use a combination of solar and Battery Energy Storage System (BESS) in regards to the technology. The total tenure for the project is 25 years through a Power Purchase Agreement (PPA). The execution timeline is set at 24 months from the PPA signing.

Traded Volume At 14.38 Lakh Shares With Market Cap At ₹18,179.86 Crore

As of 10:30 AM, the traded volume for the shares stands at 14.38 lakh shares with a delivery percentage of 33.98%. The shares have their 52-week high of ₹309.85 (25-Aug-2025) and 52-week low of ₹167.75 (28-Jan-2025). The current full market cap of the company is at ₹18,179.86 crore, with the free float market cap at ₹3,001.90 crore.

Integrated Renewable Energy Company With 2,890 MW Operational Capacity

ACME Solar Holdings Limited is an Indian integrated renewable energy player with an operational capacity of 2,890 MW across solar, wind, storage, FDRE, and hybrid projects. It is a subsidiary of the ACME Group and was founded in 2005. It is headquartered in Gurugram, Haryana, India. The company’s shares are listed on NSE with ticker symbol ACMESOLAR and on BSE with the code 544283.

REF: https://nsearchives.nseindia.com/corporate/ACME122002_03092025084855_Intimation.pdf

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