🌟 ACME Solar Secures ₹2,491 Crore Refinancing to Boost Renewable Energy Projects
📅 Date: April 3, 2025
🔍 Key Highlights:
✅ Deal Value: ₹2,491 crore long-term refinancing secured from SBI and REC.
✅ Purpose: Reduce debt costs for 490 MW operational RE projects in Andhra Pradesh (160 MW), Rajasthan (300 MW), and Punjab (30 MW).
✅ Interest Rate: Weighted average rate lowered to 8.8%, improving credit profiles.
✅ Impact: Strengthens credit ratings for Andhra Pradesh and Punjab projects under co-obligor structure.
✅ Growth Target: ACME aims to expand capacity from 2,540 MW to 6,970 MW in 3 years.
💬 Quote from CFO:
“This refinancing aligns with our strategy to build an efficient capital structure and reduce debt costs. It reflects our commitment to financial stability and capacity growth.”
– Purushottam Kejriwal, CFO, ACME Solar
📞 Contact:
Frederick Castro | +91 9920665176 | Frederick.castro@acme.in
Vibha Upadhyay | +91 97178 91386 | vibha.upadhyay@acme.in
2. Effect on Share Market
- Positive Sentiment: Reduced debt costs and improved credit ratings may boost investor confidence.
- Sectoral Impact: Renewable energy stocks (especially solar) could see upward momentum.
- Stock-Specific: ACME’s shares (Scrip Code: 544283, Symbol: ACMESOLAR) may rise due to enhanced financial stability and growth prospects.
Company Details
- Name: ACME Solar Holdings Limited (formerly ACME Solar Holdings Private Limited).
- CIN: L40106HR2015PLC102129.
- Operational Capacity: 2,540 MW across India.
- Target: 6,970 MW capacity in 3 years.
- Leadership: Rajesh Sodhi (Company Secretary), Purushottam Kejriwal (CFO).
- Parent Group: Diversified ACME Group.
🌱 “Powering a greener future, one megawatt at a time! 🌞 Will ACME’s bold move inspire India’s renewable energy revolution? Let’s discuss!”
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
