Stocks to Watch today, March 12: Ashok Leyland, Akzo Nobel, Jindal Steel, Bharat Forge, ACME Solar, and Adani Ports are among the top stocks to remain in focus today
Analysts said that companies involved in sectors like EV, EMS, auto ancillary, BESS, renewable energy, and specialty chemicals are expected to benefit most from the easing FDI rules
Stocks to watch today, March 10, 2026: Cochin Shipyard, Hyundai Motor India, Motilal Oswal, Vishal Mega Mart, Torrent Power, Minda Corp, and Alembic Pharma are among the top stocks to remain in focus
ACME Solar Holdings on Tuesday said it has secured a 220 MW solar project with Battery Energy Storage System (BESS) from Rewa Ultra Mega Solar Ltd (RUMSL). The project is part of a 440 MW tender floated by RUMSL for the Morena Solar Park in Madhya Pradesh, a company statement said. The tender was floated under tariff-based competitive guidelines (TBCB) for which an e-reverse auction was conducted in September 2025. The project requires supplying power with a maximum annual CUF (capacity utilisation factor) of 35 per cent, along with 4 hours of peak supply (2 hours each in the morning and evening) at 95 per cent annual availability. Charging energy for the evening peak will be sourced from the solar plant, while energy for the morning peak will be supplied free of cost by the procurer during night hours. RUMSL would provide the land and evacuation infrastructure above the 33 kV level as part of the facilities offered by the solar park developer. The project would combine Solar and
Acme Solar Holdings share price was trading 4.5 per cent higher at ₹224 compared to the previous session's close of ₹214.33 on the NSE
ACME Solar Holdings Ltd (ACME Solar) has posted a 1.5 per cent rise in consolidated net profit to Rs 114 crore in the December quarter, supported by higher revenues. It had reported a net profit of Rs 112 crore in the October-December period of preceding financial year, the company said in an exchange filing on Thursday. ACME Solar's total revenues surged 53.9 per cent to Rs 617 crore from Rs 401 crore in the year ago period. The company's expenses surged to Rs 615.60 crore from Rs 481.22 crore in the third quarter of FY25. The board also declared an interim dividend of Rs 0.20 per equity share having face value of Rs 2 each for the financial year 2025- 26. During the third quarter, the generated 1,567 million units (MUs) power, up 49 per cent from Q3 FY25 driven by higher CUF and new capacity addition. The company's Capacity Utilization Factor (CUF) increased to 24.3 per cent in Q3 FY26 from 22.7 per cent in Q3 FY25. Plant availability and grid availability were at 99.6 per ce
The northward movement in the ACME Solar Holdings share price came after the company announced that it has incorporated a wholly owned subsidiary (WOS), ACME Greentech Sixteen Private Limited
ACME Solar Holdings on Thursday said it has secured Rs 4,725 crore financing from leading Indian financial institutions to fund renewable energy projects and optimise its capital structure by reducing financing costs. The capital raise includes financing and refinancing arrangements with tenors ranging from 18 to 20 years for the projects, a company statement said. According to the statement, the ACME Solar Holdings Ltd (ACME Solar), through its subsidiaries, has secured debt tie-up of Rs 4,725 crore from leading Indian financial institutions to fund the renewable energy projects and optimise its capital structure by reducing financing costs. Under the New Greenfield Financings, the company has got Rs 2,716 crore from Power Finance Corporation Ltd (PFC Ltd) for the 300 MW ACME Sigma FDRE project, a renewable energy initiative equipped with four hours of battery storage. It has also got its first greenfield project financing for Acme from National Bank for Financing Infrastructure .
ACME Solar has cumulatively signed PPAs for 800 MW of contracted capacity, which includes 2,320 MWh of BESS capacity in the current financial year
ACME Solar Holdings on Thursday said it has commissioned an additional 16 MW of its 100 MW wind power project, located in Surendaranagar, Gujarat. This follows the first phase commissioning of 28 MW in October, 2025, a company statement said. The current commissioning takes the project's operational capacity to 44 MW out of the 100 MW to be commissioned in phases. It has enhanced ACME Solar's total operational capacity to 2,934 MW. Recently, the project was granted an extension to its Scheduled Commercial Operation Date (SCOD) by the Gujarat Electricity Regulatory Commission (GERC). The revised SCOD date is March 5, 2026 and the project has been early commissioned with part capacity of 44 MW in first two phases. This wind power project has been financed through Power Finance Corporation (PFC). The power generated from the project will be sold through the 25-year Power Purchase Agreement (PPA) signed between ACME Eco Clean and Gujarat Urja Vikas Nigam Ltd. The commissioning was .
ACME Solar Holdings Ltd on Tuesday announced it has secured a 400 MW/1,800 MWh firm and dispatchable renewable energy project from SJVN. The project has been secured at a tariff of INR 6.75/unit for 25 years, ACME Solar Holdings Ltd (ACME Solar) said in a statement. The tender was issued under Tariff-Based Competitive Bidding (TBCB) guidelines for which an e-reverse auction was held on October 9, 2025 and LoA was received on November 10. The project requires supplying power of only 4 MWh per MW of capacity during any four-hour period each day within the peak demand window with 90 per cent availability on a monthly basis. The project would integrate Solar of 300 MW and Battery Energy Storage System (BESS) technology of approximately 1800 MWh to meet the supply requirements. This project will utilise night-time connectivity available with ACME Solar at high irradiation zones in Rajasthan. This will be ACME Solar's first project to use Indian made solar cells (under ALMM List-II). A
ACME Solar Holdings Ltd has posted a more than seven-fold jump in its consolidated net profit to Rs 115.06 crore for the second quarter of this fiscal on higher revenue. Its net profit stood at Rs 15.2 crore in the year-ago period. Total income also more than doubled to Rs 601.36 crore in the July-September period of this fiscal from Rs 295.14 crore in the corresponding period of the preceding year, according to a regulatory filing on Monday. The company partially commissioned 28 MW out of 100 MW wind project in Gujarat, taking the cumulative commissioned capacity to 378 MW. ACME Solar Holdings Ltd is a pure play, fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects. The company is one of the leading renewable energy independent power producers in the country, with an operational capacity of 2,918 MW and under construction capacity of 4,472 MW, including 13.5 G
ACME Solar Holdings on Friday announced signing an agreement with Tata Power Company Ltd for a 50 MW firm and dispatchable renewable energy project. An FDRE project integrates advanced solar, wind and battery energy storage systems (BESS) to enable reliable energy dispatch during peak demand. In a statement, ACME Solar Holdings said its "SPV has signed a 25 years Power Purchase Agreement (PPA) with the Tata Power Company Limited (Tata Power-D) for its 50 MW Firm and Dispatchable Renewable Energy (FDRE) project on 16 October 2025." The project was awarded in September 2025. The PPA has been signed at a tariff of Rs 4.43 per unit for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and four hours of peak-hour supply with 90 per cent availability on a monthly basis. This project would combine multiple renewable energy technologiesincluding Solar and Battery Energy Storage System (BESS) to meet the supply obligations as per the PPA. With this, the company has signed PP
ACME Solarcontinues to actively bid for utility-scale projects, and incremental awards are essential for building earnings visibility into FY29 and beyond.
ACME Solar Holdings on Tuesday said it has raised Rs 1,100 crore in domestic funding from the State Bank of India for its 300 MW renewable energy project in Rajasthan. The funds will be utilised to refinance the existing debt and reduce financing cost by around 100 bps for the Rajasthan project. This refinancing has been secured from the State Bank of India (SBI) for a tenure of approximately 17 years. ACME Solar Holdings said the refinancing is consistent with the company's strategy to optimize financing costs across its portfolio and strengthen its credit profile through rating upgrades. The 300 MW renewable energy project in Rajasthan has an operational track record of about six months and has consistently maintained optimum capacity utilization factor (CUF) levels. The reduced cost of debt enables ACME Solar to strengthen its financial position further as it pursues significant capacity growth over the next few years. ACME Solar Holdings is an integrated renewable energy play