Stock jumps 7% after it receives order worth ₹230 Cr for solar power plantsStock jumps 7% after it receives order worth ₹230 Cr for solar power plants

Introduction:

Solar stock has secured a Power Purchase Agreement (PPA) with NHPC for a 680 MW renewable energy project. Spanning multiple states, it integrates solar, wind, and battery storage, reinforcing India’s clean energy goals with advanced hybrid solutions and sustainability benchmarks.

Share Price Movement of ACME Solar Holdings:

On January 28, 2025, ACME Solar Holdings Ltd opened at ₹188.70 and reached an intraday high of ₹189.78 and a low of ₹168.14. The stock is currently trading at ₹168.91, down 6.58% from its previous close of ₹180.81, with a market cap of ₹10,220.54 crore.

ACME Solar Holdings signed PPA with NHPC:

ACME Solar Holdings Limited has signed a Power Purchase Agreement (PPA) with NHPC Limited for a 680 MW Firm & Dispatchable Renewable Energy (FDRE) project. Awarded under NHPC’s 1400 MW FDRE tender, the project will be developed across Gujarat, Madhya Pradesh, Karnataka, and Rajasthan, strengthening India’s clean energy transition.

This project integrates solar, wind, and battery storage, utilizing advanced hybrid renewable energy solutions to ensure efficiency and sustainability. The agreement reinforces ACME Solar’s commitment to achieving India’s renewable energy targets, setting new industry benchmarks by guaranteeing a minimum 40% annual capacity utilization factor (CUF) and maintaining 90% availability during peak hours.

By significantly reducing greenhouse gas emissions, ACME Solar continues to play a key role in India’s clean energy growth. This milestone highlights the company’s leadership in renewable energy innovation and its dedication to delivering sustainable, efficient, and reliable green energy solutions for the country’s evolving energy needs.

Also Read: Stocks To Watch For Budget 2025

Recent news About ACME Solar Holdings :

On November 13, 2024, Acme Solar Holdings debuted on NSE at ₹251 and BSE at ₹259 per share, marking discounts of 13.15% and 10.4%, respectively, from the IPO price of ₹289, reflecting a weaker-than-expected listing performance.

Stock performance of ACME Solar Holdings for Period of 1 week:

ACME Solar Holdings experienced a 14.9% decline in stock performance over the past week. This drop reflects market adjustments and investor sentiments, impacting the company’s valuation. Such fluctuations underscore the dynamic nature of stock trends in the renewable energy sector.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of ACME Solar Holdings:

All values in %	Dec-24
Promoters	83.41
FII	5.54
DII	6.97
Retail & others	4.07

About ACME Solar Holdings:

ACME Solar Holdings is a leading renewable energy company in India, specializing in solar power generation. It focuses on developing innovative hybrid solutions, integrating solar, wind, and battery storage to drive sustainability and support India’s transition to clean energy.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.