Acme Solar Holdings Limited has informed the Exchange about Execution of Power Purchase Agreement
ACMESOLAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts more than Nifty Smallcap 250 and 0.7 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
ACME Solar Holdings' wholly owned subsidiary ACME Renewtech Sixth Private Limited has signed a 25-year Power Purchase Agreement with Solar Energy Corporation of India Limited (SECI) for 300 MW / 1,200 MWh capacity under the Firm and Dispatchable Renewable Energy (FDRE) Tranche VII project. The project will be connected to ISTS substations and supply 4 hours of assured peak power during non-solar hours with 85% minimum annual availability. The tariff is Rs. 6.28 per unit, with scheduled supply commencement on May 28, 2028. With this agreement, ACME Solar's PPA-signed portfolio stands at 6,570 MW out of a total contracted portfolio of 8,070 MW.
This is a positive development as the 300 MW contract increases ACME Solar's secured project pipeline by 4.6%, providing revenue visibility for 25 years from 2028. The contract with SECI, a AAA-rated central government enterprise, represents a low-risk, government-backed revenue stream.