Acme Solar bags 301 MW FDRE LOA from SECI at Rs 6.28 per unit
ACMESOLAR · price
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On the reaction day the stock moved 3.4 pts less than Nifty Smallcap 250 and 3.9 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Acme Solar Holdings has received a Letter of Award from Solar Energy Corporation of India (SECI) to set up a 301 MW assured peak supply FDRE project under SECI FDRE Tranche VII. Tariff is Rs 6.28 per unit. Scheduled commercial operation date is 24 months from PPA signing and tenure is 25 years from PPA execution. Domestic order with no related party interest.
Adds 301 MW to order book at fixed Rs 6.28/unit tariff, strengthening 25-year revenue visibility. Positive for long-term earnings.