An update from ACME Solar Holdings Ltd. ( (IN:ACMESOLAR) ) is now available.
ACME Solar Holdings Limited announced that CRISIL Ratings has assigned a ‘CRISIL AA-/Stable’ rating to the long-term bank facilities of its 300 MW ISTS solar power project in Jaisalmer, Rajasthan. This high rating reflects the project’s robust revenue visibility, strong financial metrics, and secure cash flow, supported by a 25-year Power Purchase Agreement with Solar Energy Corporation of India Limited. The project, delivered at an efficient capital cost, is currently exceeding predicted generation, enhancing its financial and operational outlook.
More about ACME Solar Holdings Ltd.
ACME Solar Holdings Limited is a fully integrated renewable energy company in India, with a diversified portfolio that includes solar, wind, hybrid, and Firm and Dispatchable Renewable Energy projects. It ranks among the top 10 renewable energy Independent Power Producers in India, boasting an operational capacity of 2,540 MW AC and a construction capacity of 4,430 MW.
YTD Price Performance: -10.11%
Average Trading Volume: 109,366
Current Market Cap: 128.6B INR
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