Announced Thu, 23 Jul · 21:49 IST
ACME Solar commissions 3.62 GWh battery storage capacity in Rajasthan
Business Updates View source PDF
ACMESOLAR · price
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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹365.50
prior close
₹361.40
base price
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AI summary
ACME Solar Holdings has operationalized 3.62 GWh of Battery Energy Storage System (BESS) capacity across 3 sites in Rajasthan, with about 2.29 GWh commissioned in the current financial year. The company describes it as one of the fastest BESS scale-ups in India. Separately, ACME confirmed the root cause of a July 17 fire at its Pokhran Suryodaya BESS facility was an electrical short circuit; restoration is complete with no damage to other equipment.
Likely market impact
Boosts ACME's operational storage portfolio and supports growth outlook. However, the recent Pokhran fire, though resolved, may keep risk perception elevated.