The Exchange has sought clarification from Acme Solar Holdings Limited with respect to recent news item captioned Madhya Pradesh secures record-low price for solar-plus-storage power project. The response from the Company is attached.
ACMESOLAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Acme Solar Holdings clarified to the stock exchanges that it participated in a competitive bidding process conducted by Rewa Ultra Mega Solar Limited (RUMSL) for a solar power project with battery energy storage system (BESS) at Morena Solar Park, Madhya Pradesh. The company emerged as the lowest (L1) bidder in the e-reverse auction held on September 19, 2025. However, the company has not yet received the formal Letter of Award (LoA) from RUMSL. Acme stated that the event does not require mandatory disclosure under SEBI's Listing Regulations and it will issue a press release upon acceptance of the LoA. The company also confirmed there is no undisclosed information that could explain any unusual movement in the stock's price or volume.
The clarification confirms Acme Solar is well-positioned to win a major solar-plus-storage project in Madhya Pradesh, but since the LoA is still pending, there is no immediate material impact on financials. Investors may see this as a positive signal of the company's competitive pricing strength in the renewable energy bidding space.