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Acme Solar Declares βΉ0.20 Interim Dividend; Sets Record Date for Feb 6, 2026
Acme Solar Holdings Limited has declared an interim dividend of βΉ0.20 per equity share for the financial year 2025-26, which is 10% of its face value of βΉ2. The company has fixed February 06, 2026, as the record date to determine shareholder eligibility for this payout. Additionally, the board approved the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025. This move signals a commitment to returning capital to shareholders alongside its quarterly performance review.
Key Highlights
Interim dividend of βΉ0.20 per equity share declared (10% of βΉ2 face value)
Record date for dividend eligibility fixed as Friday, February 06, 2026
Approval of Unaudited Financial Results for Q3 and 9M ended December 31, 2025
Board meeting concluded efficiently within 16 minutes (7:30 PM to 7:46 PM)
πΌ Action for Investors
Investors seeking the dividend should ensure they hold the stock before the record date of February 06, 2026. It is also advisable to review the detailed Q3 financial results on the company website to assess underlying growth.
Acme Solar Q3 FY26: Revenue up 54% to βΉ617 Cr, EBITDA rises 57% to βΉ564 Cr
Acme Solar Holdings reported a robust 54% YoY increase in consolidated revenue to βΉ617 Cr for Q3 FY26, driven by capacity additions and higher capacity utilization. EBITDA grew 57% YoY to βΉ564 Cr with an impressive margin of 91.5%, while Cash PAT rose 24% to βΉ234 Cr. The company has aggressively expanded its portfolio, signing 1,050 MW of PPAs year-to-date and doubling its Q4 FY26 BESS commissioning target to 2 GWh. Financial health remains strong with a 150 bps reduction in the weighted average cost of debt to 8.45% and a low DSO of 23 days.
Key Highlights
Consolidated Revenue grew 53.9% YoY to βΉ617 Cr; 9M FY26 Revenue surged 74% to βΉ1,802 Cr
EBITDA margins improved to 91.5% from 89.6% YoY, reflecting favorable operating leverage
BESS commissioning target for Q4 FY26 increased to 2 GWh from the previous 1 GWh estimate
Weighted average cost of debt for operational projects reduced by 150 bps YoY to 8.45%
Total portfolio reached 7,770 MW including 16 GWh of BESS, with 5,630 MW of PPAs signed
πΌ Action for Investors
Investors should view the strong EBITDA growth and aggressive BESS expansion as key value drivers for this renewable energy player. The significant reduction in borrowing costs and efficient receivable management (DSO of 23 days) provide a solid foundation for upcoming large-scale projects.
Acme Solar Q3 Standalone Profit Surges to βΉ316.8M; Declares βΉ0.20 Interim Dividend
Acme Solar Holdings reported a robust performance for Q3 FY26, with standalone revenue from operations jumping to βΉ9,176.63 million from βΉ2,787.80 million in the same quarter previous year. Standalone Profit After Tax (PAT) saw a significant increase to βΉ316.81 million compared to βΉ16.95 million YoY. The company declared an interim dividend of βΉ0.20 per share (10% of face value) with a record date of February 6, 2026. Results also reflect a minor impact of βΉ19.28 million due to the implementation of new Labour Codes.
Key Highlights
Standalone revenue from operations grew 229% YoY to βΉ9,176.63 million in Q3 FY26.
Standalone PAT increased to βΉ316.81 million from βΉ16.95 million in the corresponding quarter of the previous year.
Interim dividend of βΉ0.20 per equity share declared for the financial year 2025-26.
Nine-month standalone total income reached βΉ15,118.36 million as of December 31, 2025.
Record date for dividend eligibility is fixed for February 06, 2026.
πΌ Action for Investors
The strong YoY growth in revenue and profitability indicates efficient execution in EPC and O&M segments. Investors should monitor the company's ability to maintain these margins as it scales its renewable energy portfolio.
ACME Solar Credit Rating Reaffirmed at AA-/Stable; Facility Limit Enhanced to Rs 1,500 Crore
CRISIL Ratings has reaffirmed ACME Solar Holdings Limited's long-term credit rating at 'CRISIL AA-/Stable'. Significantly, the total bank loan facilities covered under this rating have been enhanced to Rs 1,500 crore, up from the previous limit of Rs 1,000 crore. This 50% increase in the rated amount indicates the company's growing scale and continued confidence from financial institutions. The stable outlook suggests that the company's credit profile is expected to remain robust despite the increased borrowing capacity.
Key Highlights
Long-term credit rating reaffirmed at 'CRISIL AA-/Stable' by CRISIL Ratings Limited.
Total bank loan facilities rated increased from Rs 1,000 crore to Rs 1,500 crore.
The enhancement represents a 50% increase in the rated debt capacity for the company.
The rating reaffirmation follows the previous credit assessment conducted in October 2025.
πΌ Action for Investors
Investors should view the rating reaffirmation and facility enhancement as a sign of financial stability and improved access to capital. Monitor the company's debt utilization and project execution as it leverages this expanded credit line.
ACME Solar Subsidiary Commissions 4 MW Wind Capacity; Total Project Reaches 72 MW
ACME Solar Holdings Limited has announced that its subsidiary, ACME Eco Clean Energy Private Limited, has commissioned an additional 4 MW of wind power capacity in Gujarat. This update is part of an ongoing 100 MW wind power project located in the Surendaranagar district. With this addition, the total commissioned capacity for this specific project has reached 72 MW. The commissioning has been verified by state agencies GEDA and PGVCL, ensuring the project is moving steadily toward its full 100 MW target.
Key Highlights
Commissioned an additional 4 MW wind power capacity at the Titoda site in Gujarat.
Total commissioned capacity for the project now stands at 72 MW out of a total 100 MW.
Project is being executed by subsidiary ACME Eco Clean Energy Private Limited.
Commissioning witnessed and confirmed by GEDA and PGVCL officials.
This is the ninth incremental update regarding this project since October 2025.
πΌ Action for Investors
Investors should take note of the company's consistent execution and ability to bring capacity online in phases. Continued progress toward the full 100 MW commissioning will likely improve revenue visibility for the subsidiary.
ACME Solar Commissions 12 MW Wind Power in Gujarat; Total Project Capacity Reaches 68 MW
ACME Solar Holdings Limited, through its subsidiary ACME Eco Clean Energy, has commissioned an additional 12 MW of wind power in Surendranagar, Gujarat. This brings the total operational capacity of the specific 100 MW project to 68 MW, with the remaining capacity being commissioned in phases. The project is supported by a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL), providing long-term revenue stability. The project was financed by Power Finance Corporation (PFC) and executed using the company's in-house EPC capabilities.
Key Highlights
Commissioned 12 MW additional wind power, increasing the project's operational capacity to 68 MW out of 100 MW.
Secured long-term revenue through a 25-year Power Purchase Agreement with GUVNL.
Project financed by Power Finance Corporation (PFC) and utilizes SANYβs 4 MW turbines.
ACME Solar's total operational capacity stands at 2,958 MW with an additional 4,562 MW under construction.
The project was executed using in-house EPC and O&M capabilities, ensuring cost-effectiveness.
πΌ Action for Investors
Investors should take note of the company's steady execution of its under-construction pipeline, which strengthens its operational revenue base. Monitor the timely commissioning of the remaining 32 MW of this project to reach full capacity.
ACME Solar Commissions 12 MW Wind Power in Gujarat; Project Capacity Reaches 68 MW
ACME Solar's subsidiary, ACME Eco Clean Energy, has commissioned an additional 12 MW of its 100 MW wind power project in Surendranagar, Gujarat. This brings the project's total operational capacity to 68 MW, with the remaining 32 MW expected to be commissioned in phases. The project features a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL), providing long-term revenue stability. The company continues to leverage its in-house EPC capabilities and financing from Power Finance Corporation (PFC) for project execution.
Key Highlights
Commissioned 12 MW additional wind capacity, bringing the project total to 68 MW out of 100 MW
Secured a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL)
Project financed by Power Finance Corporation (PFC) using SANYβs 4 MW wind turbines
Company's total operational capacity stands at 2,958 MW with 4,562 MW under construction
πΌ Action for Investors
Investors should monitor the steady conversion of the company's 4.5 GW under-construction pipeline into operational assets. This incremental commissioning reinforces the company's execution capability and long-term revenue visibility through PPAs.
ACME Solar Commissions Additional 12 MW Wind Capacity; Total Reaches 68 MW of 100 MW Project
ACME Solar Holdings Limited has announced that its subsidiary, ACME Eco Clean Energy Private Limited, commissioned an additional 12 MW of wind power capacity in Gujarat. This brings the total commissioned capacity of the ongoing 100 MW wind power project to 68 MW. The commissioning was witnessed and confirmed by officials from GEDA and PGVCL at the site in Surendranagar district. This progress indicates steady execution of the company's renewable energy pipeline and will contribute to incremental revenue growth.
Key Highlights
Commissioned additional 12 MW capacity out of a 100 MW wind power project in Gujarat
Total commissioned capacity for this specific project now stands at 68 MW
Project located at Village Titoda, Taluka Sayla, District Surendranagar
Commissioning witnessed and confirmed by GEDA and PGVCL officials
Follows a series of incremental commissioning updates since October 2025
πΌ Action for Investors
Investors should monitor the timely completion of the remaining 32 MW capacity to realize full project revenue. The steady execution reinforces confidence in the company's operational capabilities in the wind energy segment.
ACME Solar Commissions 12 MW Wind Power Capacity in Gujarat
ACME Solar Holdings Limited's subsidiary, ACME Eco Clean Energy Private Limited, has successfully commissioned 12 MW of wind power capacity in Gujarat. This capacity is part of a larger 100 MW wind power project located in the Surendranagar district. The company received the official Certificate of Commissioning from the Gujarat Energy Development Agency (GEDA) on January 06, 2026. This incremental addition follows previous project updates in December 2025, demonstrating steady progress in the company's renewable energy portfolio.
Key Highlights
Commissioned 12 MW wind power capacity out of a total 100 MW project size
Project is located at Village Sokhda, Sayla Taluka in Surendranagar, Gujarat
Received official Certificate of Commissioning from GEDA on January 06, 2026
Project executed through subsidiary ACME Eco Clean Energy Private Limited
πΌ Action for Investors
Investors should monitor the commissioning timeline for the remaining 88 MW of the project as it will drive incremental revenue. The steady execution of the wind portfolio strengthens the company's position in the renewable energy sector.
ACME Solar Credit Rating Reaffirmed at [ICRA]AA- with Enhanced Limit of Rs 1,500 Crore
ICRA Limited has reaffirmed the long-term credit rating of ACME Solar Holdings Limited at [ICRA]AA- with a Stable outlook. Notably, the rated amount for non-fund based instruments has been increased from Rs 1,000 crore to Rs 1,500 crore, representing a 50% enhancement in credit limits. This reaffirmation and limit increase signal strong lender confidence in the company's financial health and its ability to support larger-scale solar projects. The stable outlook suggests that the rating is unlikely to change in the medium term.
Key Highlights
ICRA reaffirmed the long-term rating of [ICRA]AA- with a Stable outlook
Total rated amount for non-fund based instruments increased from Rs 1,000 crore to Rs 1,500 crore
The rating action covers Long term β Non-fund based β Others category
The 50% increase in rated capacity supports the company's operational scaling and project execution
πΌ Action for Investors
Investors should take this as a positive sign of creditworthiness and financial stability, which is crucial for capital-intensive renewable energy firms. Monitor the company's utilization of these enhanced limits for upcoming project execution.
CRISIL Assigns 'A/Stable' Rating to ACME Solar Subsidiary's βΉ4,072 Cr Bank Facilities
CRISIL Ratings has assigned a 'CRISIL A/Stable' rating to the long-term bank facilities of ACME Venus Urja Private Limited, a wholly-owned subsidiary of ACME Solar Holdings Limited. The rating covers bank loan facilities totaling βΉ4,072 Crore, indicating a stable credit profile for the subsidiary's debt obligations. Although the company noted this as a voluntary disclosure, the magnitude of the rated facilities is significant relative to the group's capital structure. This rating provides transparency into the financing capabilities of the company's renewable energy projects.
Key Highlights
CRISIL assigned 'CRISIL A/Stable' rating to ACME Venus Urja Private Limited
The rating applies to long-term bank facilities amounting to βΉ4,072 Crore
ACME Venus Urja Private Limited is a 100% wholly-owned subsidiary of ACME Solar Holdings Limited
The disclosure was made voluntarily by the company on December 30, 2025
πΌ Action for Investors
Investors should view this as a positive validation of the subsidiary's creditworthiness for a substantial debt amount. Monitor the progress of projects funded by these facilities to ensure timely execution and cash flow generation.
ACME Solar Incorporates New Renewable Energy Subsidiary ACME Greentech Nineteen
ACME Solar Holdings Limited has successfully incorporated a new wholly-owned subsidiary, ACME Greentech Nineteen Private Limited, on December 23, 2025. The subsidiary is dedicated to the development, establishment, and operation of renewable energy and power generation projects. ACME Solar has subscribed to 100% of the initial share capital for a cash consideration of Rs. 1,00,000. This move aligns with the company's core strategy to expand its renewable energy portfolio through project-specific entities.
Key Highlights
Incorporated ACME Greentech Nineteen Private Limited as a 100% wholly-owned subsidiary
Initial cash subscription of Rs. 1,00,000 for 10,000 equity shares at Rs. 10 each
Subsidiary focused on the development and operation of renewable energy projects
Incorporation completed on December 23, 2025, with registered office in Gurugram, Haryana
πΌ Action for Investors
Investors should view this as a routine but positive expansion of the company's project pipeline. Monitor for future announcements regarding specific power projects assigned to this new subsidiary.
ACME Solar Commissions Additional 4 MW Wind Power; Total Capacity Reaches 56 MW of 100 MW Project
ACME Solar Holdings Limited, through its subsidiary ACME Eco Clean Energy Private Limited, has commissioned an additional 4 MW of its 100 MW wind power project in Surendaranagar, Gujarat. This update brings the total commissioned capacity of this specific project to 56 MW. The commissioning has been verified by GEDA and PGVCL officials, with formal certification expected shortly. This incremental progress reflects the company's steady execution of its renewable energy pipeline.
Key Highlights
Commissioned an additional 4 MW wind power capacity in Surendaranagar, Gujarat.
Total commissioned capacity for the project now stands at 56 MW out of the 100 MW target.
Commissioning witnessed and confirmed by GEDA and PGVCL officials.
Follows a series of incremental commissioning updates throughout late 2025.
πΌ Action for Investors
Investors should track the remaining 44 MW commissioning schedule as it will directly contribute to the company's revenue growth. The steady execution is a positive sign for long-term operational stability.
ACME Solar Secures 130 MW Renewable Energy RTC Project at Rs 4.35/Unit
ACME Solar Holdings Limited has received a Letter of Award (LOA) from REMC Limited for a 130 MW Renewable Energy Round-the-Clock (RTC) power project. The project features a fixed tariff of Rs. 4.35 per unit, which is applicable for the entire 25-year duration of the contract. This award follows a previous notification from November 2025 and represents a significant addition to the company's domestic renewable energy portfolio. The long-term Power Purchase Agreement (PPA) structure ensures steady revenue visibility for over two decades.
Key Highlights
Awarded a 130 MW Renewable Energy Round-the-Clock (RTC) power project by REMC Limited
Secured a fixed tariff of Rs. 4.35 per unit for the full 25-year project life
The contract is a domestic project, reinforcing ACME Solar's footprint in the Indian market
Formalizes the selection process initiated in November 2025
πΌ Action for Investors
Investors should consider this a positive development for long-term cash flow predictability. Keep an eye on the company's execution milestones and debt-to-equity ratios as it funds this capacity expansion.
ACME Solar Secures INR 4,725 Crore Financing for Projects and Debt Refinancing
ACME Solar has secured INR 4,725 crore in debt financing from PFC, NaBFID, and Yes Bank to fund new greenfield projects and refinance existing debt. The new funding supports 450 MW of solar and storage projects, while the refinancing of the 300 MW Sikar project will reduce interest costs by up to 195 bps. This brings the company's total greenfield financing for the current fiscal year to approximately INR 10,590 crore, covering over 90% of its under-construction PPA-signed projects. The expansion of banking partners and non-fund-based limits further strengthens the company's liquidity and execution capabilities.
Key Highlights
Secured INR 4,725 crore total financing, including INR 3,516 crore for new greenfield projects.
Refinanced INR 1,209 crore debt with Yes Bank, achieving an interest rate reduction of 170 to 195 bps.
Total greenfield financing for the current FY reached ~INR 10,590 crore, covering 90%+ of under-construction PPAs.
Company portfolio stands at 7,520 MW with 4,578 MW currently under construction.
Expanded non-fund based limits with major banks including ICICI, Standard Chartered, and FAB.
πΌ Action for Investors
Investors should view this as a positive development that de-risks project execution and improves margins through lower interest costs. Monitor the progress of the 4,578 MW under-construction pipeline as these projects transition to operational status.
ACME Solar Commissions 8 MW Wind Power in Gujarat; Total Operational Capacity Reaches 2,942 MW
ACME Solar's subsidiary, ACME Eco Clean Energy, has commissioned an additional 8 MW of its 100 MW wind project in Gujarat. This brings the project's operational status to 52 MW, contributing to the company's total operational capacity of 2,942 MW. The project is backed by a 25-year PPA with Gujarat Urja Vikas Nigam Limited, providing stable long-term cash flows. This phased commissioning demonstrates steady execution of the company's 4.5 GW under-construction pipeline.
Key Highlights
Commissioned 8 MW wind capacity, reaching 52 MW out of a 100 MW project in Gujarat
Total operational capacity of the group now stands at 2,942 MW
Revenue secured via a 25-year Power Purchase Agreement (PPA) with GUVNL
Project utilizes SANY 4 MW turbines and was financed by Power Finance Corporation (PFC)
Company maintains a robust under-construction pipeline of 4,578 MW including BESS
πΌ Action for Investors
The phased commissioning confirms ACME Solar's ability to execute projects and convert its pipeline into revenue-generating assets. Investors should maintain a positive outlook while tracking the progress of the remaining 4.5 GW under-construction capacity.
ACME Solar Appoints KR Thiyagarajan as President-EPC to Drive 10 GW Capacity Goal
ACME Solar Holdings has appointed Mr. KR Thiyagarajan, an industry veteran with 35 years of experience, as President of EPC and Senior Management Personnel. This strategic hire is intended to bolster project execution as the company aims to reach 10 GW of operational capacity by 2030, significantly up from its current 2,934 MW. Mr. Thiyagarajan brings a track record from major players like Reliance New Energy and Tata Power Solar. Additionally, the reporting line for the VP of Quality has been realigned under the new President to streamline operations.
Key Highlights
Appointment of KR Thiyagarajan as President-EPC with 35 years of experience in power and infrastructure.
Company targets 10 GW of operational contracted capacity by 2030, supported by this leadership change.
Current portfolio consists of 2,934 MW operational and 4,586 MW under-construction capacity.
New President has previously held senior roles at Reliance Industries, Tata Power Solar, and Avaada Power.
Mr. Harjinder Kamboj (VP-Quality) realigned to report to the new President, ceasing his SMP designation.
πΌ Action for Investors
Investors should monitor the pace of project commissioning as this leadership change is specifically aimed at improving execution efficiency for the 4.5 GW under-construction pipeline. The addition of a veteran from top-tier energy firms is a positive signal for the company's scaling ambitions.
ACMESOLAR: 16 MW Wind Power Project Phase 2 Commences
ACME Solar Holdings Limited announces that its subsidiary, ACME Eco Clean Energy Private Limited, has received the Certificate of Commissioning from the Gujarat Energy Development Agency (GEDA) for the second phase (16 MW) of its 100 MW wind power project. The project is located at Village: Dhakaniya, Dhajala and Dhandhalpur, Taluka: Sayla; Dist: Surendranagar, Gujarat. This commissioning represents further progress in the company's renewable energy expansion plans. Investors should note this development as a positive step towards increasing ACME Solar's operational capacity.
Key Highlights
ACME Eco Clean Energy Private Limited commissioned 16 MW wind power project.
The 16 MW is the second phase of a 100 MW wind power project.
Project located in Village: Dhakaniya, Dhajala and Dhandhalpur, Taluka: Sayla; Dist: Surendranagar, Gujarat.
Certificate of Commissioning received on December 09, 2025, from GEDA.
πΌ Action for Investors
Investors should monitor ACME Solar's progress in commissioning the remaining phases of the 100 MW wind power project. This expansion could positively impact future revenue streams.
ACMESOLAR: Financial Results for Sep 30, 2025 (Unaudited)
Acme Solar Holdings Limited reports unaudited standalone financial results for the quarter and six months ended September 30, 2025. Revenue from operations for the quarter stood at βΉ3,324.31 million. Profit before tax for the six months period was βΉ420.65 million. The company declared an interim dividend of βΉ0.20 per share on April 25, 2025, amounting to βΉ121.02 million.
Key Highlights
Revenue from operations for the quarter ended September 30, 2025: βΉ3,324.31 million
Total Income for the six months ended September 30, 2025: βΉ6,150.89 million
Profit before tax for the six months ended September 30, 2025: βΉ420.65 million
Interim dividend declared on April 25, 2025: βΉ0.20 per share, totaling βΉ121.02 million
Paid-up equity share capital: βΉ1,210.18 million
πΌ Action for Investors
Review the detailed financial results to understand the company's performance and profitability trends. Monitor the company's future announcements regarding dividend payouts and financial performance.