Acme Solar Holdings Limited has informed the Exchange regarding a press release dated September 11, 2025, titled "ACME Solar secures INR 3,892crore project funding for 400 MW FDRE Project from State Bank of India .".
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ACME Solar Holdings has secured INR 3,892 crore in project funding from the State Bank of India for its 400 MW Firm and Dispatchable Renewable Energy (FDRE) project. FDRE projects combine solar, wind, and/or battery storage to deliver round-the-clock reliable power to buyers. The financing from India's largest public sector bank signals strong lender confidence in the company's project pipeline. This funding supports ACME's expansion in the renewable energy space and aligns with India's growing demand for reliable clean power. The project will add 400 MW to ACME's operational or development capacity.
Positive for shareholders — secures major funding for capacity expansion at a low cost from a top public sector lender, strengthening ACME's growth pipeline. Likely to boost order book visibility and future revenue, though debt obligations will need to be serviced over the project lifecycle.