ACME Solar Share Price Rises 2% as SBI Sanctions ₹3,892 Crore Funding for Rajasthan Project

Market Performance

ACME Solar share price was in focus in the stock market today. By 10:46 am on September 11, the stock traded 2% higher at ₹308.65 per share on NSE.

• 52-week high: ₹318
• 52-week low: ₹167.75
• Market capitalization: ₹18,670 crore

This fresh uptick came after the company announced a major funding milestone that has drawn strong investor attention.

Main News

ACME Solar Holdings Ltd. made headlines after its subsidiary ACME Venus Urja Pvt. Ltd. secured ₹3,892 crore funding from State Bank of India (SBI).

The financing will be deployed for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan’s Barmer district.

This is not just another loan deal.

• It is ACME Solar’s largest financing from SBI.
• It is also SBI’s first-ever funding into ACME’s FDRE projects.

Such milestones add weight to the company’s renewable push and have clear implications for its long-term growth journey.

Company Details

The Barmer project, contracted with NHPC Ltd. at a tariff of ₹4.64 per unit, will combine solar power with a BESS

Why this matters:

• The addition of BESS ensures higher dispatchability and helps meet supply obligations under the power purchase agreement (PPA).
• The repayment tenure for this loan is spread over 19 years, highlighting the project’s long-term stability.

ACME Solar Holdings has already built a name as a leading integrated renewable energy company. Its portfolio spans across:

• Solar
• Wind
• Storage
• FDRE
• Hybrid solutions

As of now, the company boasts an operational capacity of 2,890 MW, making it one of the significant players in India’s clean energy transition.

Summary

The rise in ACME Solar share price today reflects how markets react to strategic funding news. The ₹3,892 crore financing from SBI is not only a financial boost but also a validation of ACME’s renewable vision.

Key takeaways:

• Share price up 2% to ₹308.65
• Funding of ₹3,892 crore from SBI
• 400 MW FDRE project in Barmer, Rajasthan
• Contracted at ₹4.64/unit with NHPC
• Loan repayment over 19 years
• Operational capacity at 2,890 MW

With the renewable sector gathering pace, ACME Solar’s latest milestone is a reminder of how strong project financing can shape both corporate growth and investor sentiment in the stock market today.