Logo


Correction

ACME Solar's clarification in response to the report, 'Fund crunch shadow over firm with biggest solar projects' published on November 21

In response to the report, "Fund crunch shadow over firm with biggest solar projects" published on November 21, ACME Solar has clarified it is not facing any funds crunch as mentioned in the report, as it has Rs 5.45 billion of cash as on March 3, 2018. Also, ACME Solar’s parent company, ACME Cleantech (ACSPL) is not making loss and has been profitable for the last six years with a PAT of around Rs 5 billion in the last three years.   ACME Solar says it has no “loan repayment looming” as it has taken a sanction of a flexible working capital line of around ...