ACME Solar up 4% on commissioning first phase of 26.4 MW wind power project

ACME Solar share price: ACME Solar Holdings (ACME Solar) shares were buzzing in trade on Wednesday, May 28, 2025, with the scrip rising up to 3.67 per cent to hit an intraday high of ₹255.30 per share. 

 

At 1:52 PM, ACME Solar shares continued to trade near day’s high level, up 3.29 per cent at ₹254.35 apiece. In comparison, BSE Sensex was trading 0.18 per cent lower at 81,401.17 levels.  READ STOCK MARKET UPDATES TODAY LIVE

What drove ACME Solar shares 4% higher today?

ACME Solar shares advanced after the company announced it has commissioned the initial 26.4 MW phase of its first wind power project in Shapar, Gujarat.

 

Make smarter market moves with The Smart Investor. Daily insights on buzzing stocks and actionable information to guide your investment decisions delivered to your inbox.

Subscribe

 

The capacity is part of the larger 50 MW ACME Pokhran wind project, which is being developed in stages. 

 

“Strategically located in one of India’s highest wind resource regions, it is poised to be an important contribution to India’s renewable energy goals,” ACME Solar said, in a statement.

 

The development is financed by Power Finance Corporation (PFC) and executed by ACME’s in-house EPC team, utilising Envision’s 3.3 MW wind turbines. Power generated from the facility is collected at a 33/220 kV pooling station and transmitted via a dedicated 220 kV single-circuit line to the Shapar sub-station. This infrastructure will also serve ACME Solar’s upcoming 100 MW wind project, currently in advanced construction, the company said.

 

Moreover, the electricity from the project will be supplied under a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited.

 

With this commissioning, ACME Solar’s total operational capacity has increased from 2,705 MW to 2,731.4 MW.

ACME Solar Q4 results

ACME Solar reported a 77 per cent year-on-year decline in consolidated net profit to ₹122 crore in Q4FY25, primarily due to the absence of an exceptional gain recorded in the same period last year.

 

In the January–March quarter of FY24, the company had posted a one-time gain of ₹696 crore from the sale of 369 MW of operational solar assets located in Punjab, Uttarakhand, and Karnataka. The gain had boosted net profit to ₹532.3 crore in the corresponding quarter.

 

Despite the profit decline, the company’s total income rose to ₹539.2 crore in Q4FY25, up from ₹318 crore in the year-ago period, according to a regulatory filing with the BSE. READ MORE

ACME Solar listing 

ACME Solar made a lacklustre debut on the stock exchanges, falling short of market expectations. On the BSE Sensex, the stock was listed at ₹259 per share, marking a 10.3 per cent drop from its IPO issue price of ₹289.

 

Meanwhile, on the National Stock Exchange (NSE), the shares opened even lower at ₹251, registering a decline of 13.14 per cent from the IPO allotment price. READ MORE

About ACME Solar 

ACME Solar Holdings is a fully integrated, pure-play renewable energy company in India, with a diversified portfolio spanning solar, wind, hybrid, and Firm and Dispatchable Renewable Energy (FDRE) projects. The company is recognised as one of the top 10 independent power producers (IPPs) in the country’s renewable energy sector.’

 

ACME Solar generates long-term, stable cash flows by selling electricity to a range of offtakers, including central and state government-backed entities, under long-term Power Purchase Agreements (PPAs) with fixed tariffs typically spanning 25 years. 

 

With in-house engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) capabilities, the company maintains strong control over project execution, costs, and timelines—offering flexibility in technology and supplier selection.

 

ACME Solar’s market capitalisation stood at ₹15,390.41 crore, BSE data showed. The company falls under the BSE SmallCap category.