ACME Solar Signs Power Purchase Pact With NTPC; Shares Down 1.3%

Mumbai, October 30: ACME Solar Holdings Limited’s shares were trading at ₹410.35, down 1.31%, at 10:37:41 AM IST on Friday. Separately, the company announced that its wholly owned subsidiary, ACME Marigold Urja Private Limited, has signed a power purchase agreement (PPA) with NTPC Limited for a 400 MW firm and dispatchable renewable energy (FDRE) project.

ACME Solar’s 400 MW FDRE Project Details

The project falls under NTPC’s FDRE Tranche 01 and carries a tariff of ₹4.37 per unit. The scheduled commencement of power supply is June 30, 2028, with the agreement running for 25 years from that date.

The project will connect to the inter-state transmission system (ISTS) and combine renewable energy generation with appropriate energy storage solutions to support reliable, dispatchable power supply throughout the day.

The Central Electricity Regulatory Commission (CERC) has adopted the project’s tariff. ACME Solar said it has secured a lease for more than 800 acres for the project and obtained the required connectivity grant.

Following the agreement, ACME Solar’s under-construction PPA-backed contracted portfolio stands at 4,710 MW, out of a total under-construction contracted capacity of 5,380 MW.

Stock Market Snapshot

The ACME Solar share price was trading at ₹410.35, down 1.31% on Friday, October 30, compared with the previous close of ₹415.80. The stock opened at ₹419.95.

The quote reflects the intraday price displayed at 10:37:41 AM IST. The price movement alone does not establish a direct link between the PPA announcement and the stock’s performance.

About ACME Solar Holdings

ACME Solar Holdings Limited is a renewable energy company with a portfolio spanning solar, wind, hybrid and FDRE projects, alongside battery energy storage systems.

Conclusion

The 400 MW PPA adds to ACME Solar’s contracted renewable energy portfolio, with power supply scheduled to begin in June 2028. The agreement has a 25-year tenure and a contracted tariff of ₹4.37 per unit.

Source:

• https://www.nseindia.com/get-quote/equity/ACMESOLAR/Acme-Solar-Holdings-Limited
• https://nsearchives.nseindia.com/corporate/ACMECS_30102026084319_Intimation30102026.pdf