Solar & Wind Power Company Signs 25-Year PPA with SECI for 300 MW Sikar Project at Rs 3.05/kWh
On a year-to-date basis, the stock is up by 5.66 per cent, with a 29 per cent gain in the last three months.
ACME Solar Holdings has signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 300 MW solar power project in Sikar, Rajasthan, through its wholly-owned subsidiary ACME Sikar Solar Private Limited. The agreement was executed at a fixed tariff of Rs 3.05 per kilowatt-hour (kWh). The project was commissioned on June 23, 2025, and the power supply is scheduled to begin by June 30, 2025.
This project was secured under the SECI ISTS XVIII Tranche, and the tariff was approved by the Central Electricity Regulatory Commission (CERC) on May 30, 2025. The project qualifies for a waiver of Inter-State Transmission System (ISTS) charges as it meets the June 2025 operational deadline set by the government, which aims to incentivize the early commissioning of renewable energy capacities.
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With this development, ACME Solar’s total portfolio of signed PPAs has expanded to 5,130 MW, of which 2,890 MW is already operational. The remaining capacity is under various stages of implementation. The company also holds Letters of Award (LOA) for 1,840 MW of additional capacity. Around 86 per cent of its power offtake is with central government entities, and the remaining 14 per cent is with state discoms.
On the financial front, ACME Solar Holdings posted a strong performance for Q4 FY25. Revenue from operations rose by 69.5 per cent year-on-year to Rs 539 crore, up from Rs 318 crore in the same quarter last year, driven by an addition of 1,200 MW in capacity. The company recorded a profit after tax of Rs 122 crore in Q4 FY25, reversing a loss of Rs 57 crore in Q4 FY24. The EBITDA margin for the quarter was 90.5 per cent, while PAT margin stood at 22.6 per cent. However, Q4 FY24 included a one-time exceptional gain of Rs 696 crore from asset sales.
For the full year FY25, the company reported a revenue of Rs 1,575 crore, a growth of 7.44 per cent compared to Rs 1,466 crore in FY24. Adjusting for the sale of 369 MW assets, the effective revenue growth stood at 32.3 per cent. Profit after tax grew by 130.28 per cent to Rs 251 crore, compared to Rs 109 crore in FY24. The annual EBITDA margin improved to 89.2 per cent, supported by improved operating leverage and cost efficiencies.
ACME Solar Holdings operates a total portfolio of 6,970 MW across solar, wind, hybrid, and Firm and Dispatchable Renewable Energy (FDRE) formats. The company has a fully integrated approach with in-house EPC and O&M capabilities, which supports timely and cost-effective project execution and maintenance. The company’s operational performance is reflected in its high Capacity Utilisation Factor (CUF) and operating margins.
As of 11:28 am IST on Wednesday, ACME Solar Holdings’ stock was trading slightly higher at Rs 249 per share, up by 0.18 per cent. On a year-to-date basis, the stock is up by 5.66 per cent, with a 29 per cent gain in the last three months.
Disclaimer: The article is for informational purposes only and not investment advice.