ACME Solar Holdings Limited IPO (ACME Solar Holdings Limited ) Details

ACME Solar Holdings Limited—incorporated in 2015—is one of India’s leading independent renewable energy producers, specializing in generating electricity from solar and wind sources. As part of the country’s renewable energy transition, ACME Solar has developed a substantial portfolio through its expertise in project development, construction, and ongoing operations and maintenance (O&M).

Core Business & Operations: ACME Solar’s primary focus is on large-scale solar and wind projects, managing everything from development and engineering to financing and long-term operation. Its in-house engineering, procurement, and construction (EPC) division, along with a dedicated O&M team, ensures efficient execution and maintenance of its projects. The company generates revenue by selling clean energy to state and central government-supported plants, guaranteeing stable, long-term cash flows.

As of March 31, 2024:

• Operational Capacity: 1,320 MW (1,802 MWp) in solar power projects.
• Contracted Capacity: 1,650 MW, including 1,500 MW (2,192 MWp) in solar and 150 MW in wind.
• Awarded Projects (Under Construction): 2,380 MW, consisting of 300 MW in solar, 830 MW in hybrid power, and 1,250 MW in flexible-demand renewable energy (FDRE) projects.

Competitive Strengths:

• Leadership in the Renewable IPP Sector: ACME Solar is among India’s top 10 renewable energy companies, backed by a robust growth trajectory.
• Integrated Value Chain: In-house EPC and O&M teams facilitate end-to-end project execution, enhancing cost efficiency.
• Technological Diversity: ACME Solar’s projects span multiple renewable energy technologies, offering a diversified portfolio.
• Stable Cash Flows: Long-term contracts with state and central agencies ensure predictable revenue.
• Diverse Funding Sources & Financial Strength: Access to varied funding supports ongoing and future projects.
• Experienced Leadership: The management team brings extensive expertise, steering the company toward its renewable goals.

Growth & Impact: With 3,668 MWp of solar power commissioned across 12 states, ACME Solar has become a significant contributor to India’s renewable energy mission. The company’s revenue for FY 2024 reached ₹1,466.27 crore, marking growth from the previous year’s ₹1,361.37 crore. Net profit for FY 2024 was ₹689.26 crore, reflecting solid financial performance.

ACME Solar’s commitment to affordable and sustainable energy solutions positions it as a driving force in India’s clean energy sector, delivering renewable power for a greener future.