Shares of Acme Solar Holdings Ltd rallied 5% on 3 September after the company announced securing a 50 MW project from Tata Power Distribution. 

In its regulatory filing, the company announced securing a Letter of Award (LoA) for a 50 megawatt (MW) Firm and Dispatchable Renewable Energy (FDRE) project at a tariff of Rs 4.43/unit in a 250 MW contract floated by Tata Power Distribution.

Tata Power-D is a licensed electricity distribution company and a subsidiary of Tata Power Company Limited. 

The procurement, which was held using tariff-based competitive bidding with an e-reverse auction on 13 August 2025, requires the project to achieve a minimum annual capacity utilisation factor (CUF) of 40% and ensure four hours of peak-hour supply with 90% monthly availability.

To achieve these requirements, ACME Solar will use a variety of renewable technologies, including solar electricity combined with a Battery Energy Storage System. 

The project will be carried out under a 25-year power purchase agreement (PPA) and must be commissioned within 24 months of its signing.

ACME Solar Holdings is a fully integrated, pure-play renewable energy firm in India, with a diverse portfolio of solar, wind, hybrid, and Firm and Dispatchable Renewable Energy (FDRE) projects. ACME Solar has a market capitalisation of Rs 17,798.66 crore, according to BSE data. The company belongs to the BSE SmallCap category.

At 3:30 pm, the shares of Acme Solar Holdings closed 3.76% higher at Rs 298 on NSE.

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