ACME Solar has secured a 450 MW-1800 MWh power supply order at a tariff rate of Rs 6.75 per unit. In an exchange filing, the company stated that it has secured the order under the SJVN FDRE-IV project through a tariff-based competitive bidding process.
ACME Solar said that the project would integrate solar capacity of 300 MW and Battery Energy Storage System capacity of about 1800 MWh to meet the supply requirements. The company added that the latest order is its first project to utilise Indian-made solar cells.
“Securing the SJVN FDRE-IV project with peak power effectively utilises the available transmission capacity from night-time connectivity, thus enabling us to realise early revenue.” Rahula Kashyapa, Chief Commercial Officer at ACME Solar, said in a statement.
“This is a win-win for both the customer and ACME Solar as it’s lowest price in pure peak power tender achieved so far,” Kashyapa added.
ACME Solar Q2 performance
ACME Solar posted a 103 per cent revenue growth in the second quarter of FY26. The company posted a total revenue of Rs 601 crore in Q2 FY26, compared to Rs 295 crore in Q2 FY25.
ACME Solar’s profit jumped to Rs 115 crore in Q2 FY26 from Rs 15 crore in Q2 FY25. The company’s profit margin also improved to 19.1 per cent in Q2 FY26 from 5.2 per cent in the corresponding quarter of the previous fiscal year.
In Q2, ACME Solar secured 720 MW/2,460 MWh and 550 MWh standalone BESS capacity power supply orders. The company partially commissioned 28 MW out of the 100 MW wind project in Gujarat, taking the cumulative H1 FY26 YTD commissioned capacity to 378 MW