Acme Solar Holdings Limited (ACME) is celebrating a major victory! On Thursday, June 26th, 2025, the company secured a significant contract with NHPC in Andhra Pradesh. This win involves the development of a massive 275 megawatt (MW) battery energy storage system (BESS).
The Project: This ambitious project encompasses two separate locations: Kuppam and Ghani. The breakdown is as follows:
Furthermore, ACME will receive viability gap funding of ₹27 lakh per MWh, or 30% of the total project cost – whichever is lower. This significant financial support underscores the project's importance to India's energy infrastructure.
Rahula Kashyapa, ACME's Chief Commercial Officer, stated: “We feel privileged for the opportunity to develop NHPC’s standalone Battery Energy Storage System project in Andhra Pradesh. This milestone reflects ACME Solar’s commitment to pioneering innovative clean energy solutions that strengthen India’s grid reliability and accelerate the nation’s renewable energy transition.”
The news sent positive ripples through the market. Acme Solar Holdings shares closed 0.62% higher at ₹246.70 on Thursday, though this announcement came after market hours. Since its November 2024 listing, the stock has provided investors with over 7.63% returns. Year-to-date (YTD) in 2025, the returns stand at 4.96%, with a 1.19% increase over the last five trading sessions.
Key Stock Performance Indicators:
This substantial NHPC contract positions ACME Solar Holdings as a key player in India's burgeoning renewable energy sector, promising further exciting developments in the future.