Latest news with #RahulaKashyapa
The Hindu
6 days ago
- Business
- The Hindu
ACME Solar Holdings wins NHPC tender for two BESS projects in Andhra Pradesh
ACME Solar Holdings Limited emerged as the successful bidder for the National Hydro Power Corporation (NHPC)'s tender for a cumulative capacity of 275 MW / 550 MWh standalone Battery Energy Storage System (BESS) projects in Andhra Pradesh (A.P.) across two projects at Kuppam (Chittoor) and Gani (Kurnool). According to an official release, the company's winning bid for the Kuppam project was at a tariff of ₹2,10,000 per MW per month with a capacity of 50 MW / 100 MWh. Its bid for the Gani project was at a tariff of ₹2,22,000 per MW per month with a capacity of 225 MW / 450 MWh. The projects require system availability for two full operational cycles of two hours each every day. ACME Solar will receive a Viability Gap Funding (VGF) of ₹27 lakh per MWh or 30% of the total project cost, whichever is lower. ACME Solar Holdings Chief Commercial Officer Rahula Kashyapa has said that the projects reflect the firm's commitment to pioneer innovative clean energy solutions that strengthen India's grid reliability and accelerate the nation's renewable energy transition. 'We are proud to support A.P.'s vision for sustainable growth and energy security. We look forward to delivering the projects that set new benchmarks for reliability, efficiency and positive community impact', Mr. Kashyapa stated. ACME Solar Holdings is a leading integrated renewable energy player with a diversified portfolio of 6,970 MW and 550 MWh spanning solar, wind, storage, Firm & Dispatchable Renewable Energy (FDRE) and hybrid solutions. The operational capacity stands at 2,890 MW with another 4,080 MW and 550 MWh in various stages of implementation.
Mint
6 days ago
- Business
- Mint
Acme Solar Holdings: Small-cap stock bags NHPC's 275 MW battery storage deal in Andhra Pradesh. Details here
Small-cap stock: Acme Solar Holdings on Thursday, 26 June 2025, emerged as the winner of the NHPC tender in Andhra Pradesh, where the company will be tasked with creating a 275 megawatt (MW) battery storage unit, according to an exchange filing. 'ACME Solar Holdings Limited has emerged as the winning bidder for NHPC's tender for cumulative capacity of 275 MW/550 MWh standalone Battery Energy Storage System (BESS) projects in Andhra Pradesh across two projects at Kuppam and Ghani,' said the company in the BSE filing. According to the filing data, the company secured the Kuppam project deal at a monthly tariff of ₹ 2,10,000 per MW with a capacity of 50 MW, while the Ghani project was at a tariff of ₹ 2,22,000 per MW with a capacity of 225 MW. As part of the project, the company will also receive the viability gap funding of ₹ 27 lakh per MWh or 30 per cent of the total project cost, whichever is lower. '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,' said Rahula Kashyapa, the chief commercial officer of Acme Solar. Acme Solar Holdings shares closed 0.62 per cent higher at ₹ 246.70 after Thursday's stock market close, compared to ₹ 248.25 in the previous market close. The company announced the NHPC deal update after the stock market hours on 26 June 2025. The shares of the renewable energy producer have given the investors more than 7.63 per cent returns since its listing on the Indian stock market in November 2024. On a year-to-date (YTD) basis, the shares have given 4.96 per cent returns in 2025, and are trading 1.19 per cent in the last five stock market sessions. Acme Solar Holdings shares hit their 52-week high level at ₹ 292 on 4 December 2024 and their 52-week low level at ₹ 167.55 on 28 January 2025, according to the data collected from the BSE website. The company's market capitalisation (M-Cap) was at ₹ 14,954.74 crore as of the stock market close on Thursday, 26 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
7 days ago
- Business
- Business Standard
ACME Solar secures contract for setting up 275 MW energy storage capacity in Andhra Pradesh
ACME Solar Holdings has emerged as the winning bidder for NHPC's tender for cumulative capacity of 275 MW / 550 MWh standalone battery energy storage system (BESS) projects in Andhra Pradesh. The auction was part of a tender issued by NHPC in February 2025 to enhance energy storage capacity in Andhra Pradesh. The BESS capacity is spread across two projects at Kuppam and Ghani. The companys winning bid for Kuppam project was at a tariff of Rs 210,000 per MW per month with a capacity of 50 MW / 100 MWh. Its winning bid for Ghani project was at a tariff of Rs 222,000 per MW per month with a capacity of 225 MW / 450 MWh. The project requires system availability for two full operational cycles of two hours each every day. As part of the project, ACME Solar will receive viability gap funding of Rs 27 lakh per MWh or 30% of the total project cost, whichever is lower. The company stated that this project will further diversify its portfolio to include maiden standalone BESS projects to its existing portfolio of solar, wind, FDRE & Hybrid renewable energy projects Rahula Kashyapa, chief commercial officer of ACME Solar Holdings, said: "We feel privileged for the opportunity to develop NHPCs standalone battery energy storage system project in Andhra Pradesh. This milestone reflects ACME Solars commitment to pioneering innovative clean energy solutions that strengthen Indias grid reliability and accelerate the nations renewable energy transition." ACME Solar Holdings (ACML) is a renewable power generation company in India with a portfolio of solar, wind, hybrid and FDRE (firm and dispatchable renewable energy) projects. The company reported a 76.82% decline in consolidated net profit to Rs 123.36 crore in Q4 FY25, compared to Rs 532.39 crore in Q4 FY24. Revenue from operations surged 64.95% year on year to Rs 486.89 crore in Q4 FY25. The scrip shed 0.12% to currently trade at Rs 247.95 on the BSE.
Business Standard
7 days ago
- Business
- Business Standard
ACME Solar Holdings successfully bids for NHPC's BESS projects in Andhra Pradesh
ACME Solar Holdings has emerged as the winning bidder for NHPC's tender for cumulative capacity of 275 MW / 500 MWh standalone Battery Energy Storage System (BESS) projects in Andhra Pradesh across two projects at Kuppam and Ghani. According to Mr Rahula Kashyapa, Chief Commercial Officer of ACME Solar Holdings, 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. By deploying advanced storage technology at scale, we are proud to support Andhra Pradesh's vision for sustainable growth and energy security. We look forward to delivering a project that sets new benchmarks for reliability, efficiency, and positive community impact.
