ACME Solar Share Price Jumps Nearly 7%; Commissions 143 MW / 481 MWh BESS in Rajasthan and Signs 450 MW / 1,800 MWh PPAs with SJVN

Prajwal DSIJ / 13 Mar 2026 / Categories: Mindshare, Trending

ACME Solar Share Price Jumps Nearly 7%; Commissions 143 MW / 481 MWh BESS in Rajasthan and Signs 450 MW / 1,800 MWh PPAs with SJVN

The stock price has surged over 26.95 per cent in the last 1 year. It has also delivered about 48.69 per cent returns from its 52-week low of Rs 172.63 per share

On Friday, shares of ACME Solar Holdings Ltd jumped 6.92 per cent to Rs 256.70 per share from its previous closing of Rs 240.08 per share. The stock’s 52-week high is Rs 324.30 per share and its 52-week low is Rs 172.63 per share. The stock also surged 9.46 per cent from the previous close to hit its Intraday high of Rs 262.80. As of 09:53 IST, the shares were trading at Rs 256.70 on the BSE.

ACME Solar has commissioned 142.67 MW / 481.49 MWh of Battery Energy Storage System (BESS) in phase-1 out of its total planned BESS capacity of 585 MW / 2,011.24 MWh through various special purpose vehicles (SPVs). The project is located in Rajasthan and forms part of the company’s broader energy storage deployment strategy. Overall, the company’s current portfolio requires installation of around 17 GWh of BESS in multiple phases across different states.

The BESS facilities are connected to the existing Inter-State Transmission System (ISTS) and will initially operate on a merchant basis in the short term, generating an additional revenue stream through the price differential between peak and non-peak demand hours. Over time, these systems will be integrated with the company’s Firm and Dispatchable Renewable Energy (FDRE) projects, which will operate under Power Purchase Agreements (PPAs) for 25 years.

The storage systems are designed to enhance grid reliability and power utilisation by charging batteries during non-peak demand periods and discharging during peak demand periods. This capability helps balance energy supply and demand while improving overall grid stability.

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Earlier this week, the company’s stock gained momentum after it signed 450 MW / 1,800 MWh PPAs with SJVN Ltd through its subsidiary ACME Greentech Seventh Pvt Ltd. The agreements were signed on March 2, 2026, with a 25-year tenure, strengthening the company’s long-term renewable power supply commitments.

The contracts were awarded under the Tranche-FDRE-4 tender issued under Tariff-Based Competitive Bidding (TBCB) guidelines. The project was secured following an e-reverse auction conducted on October 9, 2025, after which the Letter of Award (LOA) was received on November 10, 2025. The projects will be connected to ISTS substations, enabling integration of the generated power into the national grid.

A key feature of the project is night-time connectivity in high-irradiation zones of Rajasthan available to ACME Solar. Under the agreement terms, the company will provide four hours of assured peak power supply during non-solar hours while maintaining 90 per cent availability on both a monthly and annual basis, ensuring reliable electricity supply even when solar generation is unavailable.

With the signing of these agreements, ACME Solar has executed 1,690 MW of PPAs in the current financial year, taking its total PPA-signed capacity to 6,270 MW. The company’s diversified renewable portfolio has expanded to 8,071 MW, covering solar, wind, storage, hybrid, and FDRE projects.

Out of this portfolio, 2,966 MW of contracted capacity is operational, while 5,105 MW is under Construction. The portfolio also includes approximately 17 GWh of BESS installations, strengthening the company’s capability to deliver firm and dispatchable renewable energy.

ACME Solar continues to leverage its in-house Engineering, Procurement and Construction (EPC) and Operations and Maintenance (O&M) capabilities. This integrated model allows the company to manage end-to-end project development, ensuring timely delivery, cost efficiency and strong Capacity Utilisation Factor (CUF) and operating margins.

In its Q3 FY26 financial results, ACME Solar reported a 1.5 per cent rise in consolidated net profit to Rs 113.71 crore, compared with the same quarter last year. Net sales increased 42.3 per cent to Rs 496.62 crore during the period.

The company has a market cap of over Rs 15,532 crore. The stock price has surged over 26.95 per cent in the last 1 year. It has also delivered about 48.69 per cent returns from its 52-week low of Rs 172.63 per share.

Disclaimer: The article is for informational purposes only and not investment advice.