Acme Solar Holdings Limited has informed the Exchange regarding a press release dated Jun 23, 2025, titled "ACME Solar Holdings secures Rs 1,072 crore refinancing for 250 MW operational project in Rajasthan".
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Acme Solar Holdings has secured Rs 1,072 crore in domestic project finance to refinance existing debt for its 250 MW operational solar project in Rajasthan, held through its 100% subsidiary ACME Aklera Power Technology Private Limited. The new facility reduces the interest cost by 95 basis points to 8.5% per annum over an 18-year tenure, arranged by a consortium led by Bank of America and Standard Chartered Bank. The project, operational for around 18 months, achieved a strong annual capacity utilisation of 29.3% in FY25. This deal adds to Rs 4,575 crore of refinancing completed in the last six months and is part of Acme's plan to lower overall debt costs and improve its credit rating.
Positive for shareholders — the 95 bps reduction in interest cost will improve project-level profitability and cash flows, while diversification of lenders and international bank participation signal strong confidence in the company. The refinancing supports Acme's stated goal of a credit rating upgrade and strengthens its balance sheet for the next phase of capacity expansion (4,143.8 MW pipeline).