Synopsis: Renewable Energy shares rose 3% after its subsidiary commissioned Phase II of the BESS project in Jaimalsar, Bikaner, adding 35.714 MW / 160.48 MWh capacity from March 26, 2026, taking total operational capacity to 95.714 MW / 430.086 MWh.
The shares of a Small-Cap company, specialising in the development, construction, ownership, operation, and maintenance of large-scale renewable energy projects in India, are in focus upon Strengthening Grid Storage Capabilities with New BESS Capacity Addition.
With a market capitalization of Rs. 15,534.09 crores in the day’s trade, the shares of ACME Solar Holdings Ltd rose by upto 3.2 percent, making a high of Rs. 257.50 per share compared to its previous closing price of Rs. 249.35 per share.
What Happened
ACME Solar Holdings Limited (ASHL), through its wholly owned subsidiary ACME Surya Power Private Limited, has successfully commissioned the second phase of its Battery Energy Storage System (BESS) project located at Village Jaimalsar, District Bikaner, Rajasthan.
This phase adds 35.714 MW / 160.48 MWh of capacity to the total planned 250 MW / 1103.392 MWh. The Commercial Operation Date (COD) for Phase II is March 26, 2026. With the commissioning of this phase, the total operational capacity of the project has reached 95.714 MW / 430.086 MWh.
Recently, ACME Solar Holdings Limited has also commissioned an additional 155 MW / 470.25 MWh Battery Energy Storage System (BESS) in Rajasthan through its subsidiaries. With this addition, the company’s total commissioned BESS capacity has reached 297.67 MW / 951.74 MWh, out of a planned 835 MW / 3,114.64 MWh.
These projects are connected to the Inter-State Transmission System and will operate on a merchant basis, generating revenue by leveraging price differences between peak and off-peak demand. The BESS will help improve grid stability by storing energy during low-demand periods and supplying it during peak demand.
Financials
The company’s revenue rose by 42.34 percent from Rs. 349 crore in December 2024 to Rs. 497 crore in December 2025. Meanwhile, Net profit rose from Rs. 112 crore to Rs. 114 crore during the same period.
The company has delivered a decent financial performance with a ROCE of 8.42% and ROE of 7.57%, while maintaining an attractive PEG ratio of 0.64. Over the last five years, it has achieved strong profit growth at a CAGR of 25.7%. The Operational efficiency has also improved, with debtor days reduced from 138 to 98.9 days, reflecting better collections and working capital management.
ACME Solar Holdings Ltd, founded in 2015 and part of the ACME Group, is a leading Indian renewable energy IPP, managing a large portfolio of solar, wind, hybrid, and FDRE projects. The company handles end-to-end project development, including EPC and O&M services. It operates across many states with a goal to achieve 10GW+ capacity.
The company has a diversified portfolio of 7,770 MW 16 GWh of BESS installation, across solar, wind, storage, hybrid, and FDRE projects, with 5,630 MW of PPAs already signed. Over 80% of the portfolio is backed by central offtakers, highlighting its strong presence in new-age technologies like FDRE and hybrid solutions.
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