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ACME Solar secures ₹3,892 crore funding from SBI for Rajasthan project
BusinessLine· 2025-09-11 06:26
Group 1 - ACME Venus Urja Private Limited has secured long-term project funding of ₹3,892 crore from State Bank of India for a 400 MW Firm and Dispatchable Renewable Energy project with a 19-year repayment period [1][2] - This project represents SBI's largest financing commitment to ACME Solar and marks the bank's first investment in FDRE projects [2] - The project will be developed in Barmer, Rajasthan, under a contract with NHPC at a tariff of ₹4.64 per unit [2] Group 2 - The FDRE project will integrate solar power generation with Battery Energy Storage System technology to ensure consistent power supply [2] - ACME Solar Holdings operates 2,890 MW of capacity and has in-house Engineering, Procurement and Construction and Operations & Maintenance divisions [3] - The Barmer project enhances ACME's renewable energy asset portfolio in India, allowing for efficient project development and maintenance [4] Group 3 - ACME Solar Holdings Limited shares were trading at ₹307.55, up by ₹5.20 or 1.72 percent on the NSE [4]