ACME Solar signed a 25-year PPA with SECI for its 300 MW Sikar project at ₹3.05/kWh. The project benefits from the ISTS waiver and boosts the company’s total PPA portfolio to 5,130 MW.
On Wednesday share price of ACME Solar Holdings was up by 0.8% in the early trade. As of 11:28 am IST, the stock price was trading at ₹249 per share, up by 0.18%. The stock was in focus after the company announced that it has executed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI).
On a year-to-date basis, the stock price is up by 5.66% while in the last 3 months the stock price has gained over 29%.
ACME Sikar Solar Private Limited, a wholly-owned subsidiary of ACME Solar Holdings Limited, has officially signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 300 MW solar project located in Sikar, Rajasthan. The agreement stipulates a fixed tariff of ₹3.05 per kilowatt-hour (kWh).
This significant development comes shortly after ACME Sikar commissioned the 300 MW capacity on June 23, 2025. The bid for this project was previously secured under the SECI ISTS XVIII Tranche, and the Central Electricity Regulatory Commission (CERC) formally adopted the tariff on May 30, 2025. Under the terms of the agreement, power supply from the project is required to commence on or before June 30, 2025.
Furthermore, the project qualifies for an Inter-State Transmission System (ISTS) charges waiver, as its Scheduled Commercial Operations Date (SCOD) falls before the June 2025 deadline, aligning with government incentives designed to encourage the early operationalisation of renewable energy projects.
With the execution of this PPA, ACME Solar's portfolio of signed PPAs now totals 5,130 MW, with 2,890 MW already operational and the remaining capacity under various stages of implementation. Additionally, the company has a confirmed pipeline of 1,840 MW for which Letters of Award (LOA) have been received. ACME Solar's overall portfolio demonstrates a strong focus on central government enterprises, with 86% offtake, while the remaining 14% is with State discoms.
For the quarter ended March 2025, the company reported a 69.5% year-on-year increase in revenue from operations, reaching ₹539 crore, compared to ₹318 crore in Q4 FY24. This sharp rise was driven by a capacity addition of 1,200 MW. Profit after tax stood at ₹122 crore, marking a turnaround from a loss of ₹57 crore in the same quarter last year. The company posted a healthy EBITDA margin of 90.5%, and a PAT margin of 22.6% for Q4 FY25. It is noteworthy that Q4 FY24 included a one-time exceptional gain of ₹696 crore from asset sales.
On an annual basis, revenue grew by 7.44% to ₹1,575 crore in FY25 from ₹1,466 crore in FY24. After adjusting for the divestment of 369 MW of assets, the effective revenue growth stood at 32.3%. Profit after tax increased significantly by 130.28%, rising to ₹251 crore from ₹109 crore a year earlier. EBITDA margin improved to 89.2% in FY25, up from 84.3% in FY24, due to better operating leverage and efficiency gains. The PAT margin stood at 15.9% for the year, while FY24 included a one-time gain of ₹749 crore from asset monetisation.
Explore the historical movement of ACME Solar Holdings share price over time
ACME Solar Holdings is a prominent integrated renewable energy company with a diverse portfolio totalling 6,970 MW, encompassing solar, wind, FDRE (Firm, Dispatchable, Renewable Energy), and hybrid solutions. Following this latest milestone, ACME Solar's operational capacity has reached 2,890 MW, with an additional 4,080 MW in various stages of implementation. The company's in-house Engineering, Procurement, and Construction (EPC) and Operations & Maintenance (O&M) divisions enable end-to-end development and maintenance of their plants. This integrated approach allows ACME Solar to deliver projects efficiently in terms of time and cost, while also ensuring industry-leading operating performance, as evidenced by its high Capacity Utilisation Factor (CUF) and operating margins.
Disclaimer: The article is for informational purposes only and not investment advice.
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