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ACME Solar Forms New Wholly Owned Subsidiary for Renewable Power Projects

Story Highlights
  • ACME Solar has set up a wholly owned subsidiary, ACME Greentech Sixteen Private Limited, in Gurugram.
  • The new unit will develop, establish and operate renewable energy and power generation projects, expanding ACME’s clean energy portfolio.
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ACME Solar Forms New Wholly Owned Subsidiary for Renewable Power Projects

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ACME Solar Holdings Ltd. ( (IN:ACMESOLAR) ) has issued an update.

ACME Solar Holdings Limited has incorporated a new wholly owned subsidiary, ACME Greentech Sixteen Private Limited, with its registered office in Gurugram, Haryana. The new entity will operate in the renewable power generation space, with a mandate to develop, establish and operate power generation and renewable energy projects, indicating ACME Solar’s continued expansion of its project portfolio and operational structure in the clean energy sector.

More about ACME Solar Holdings Ltd.

ACME Solar Holdings Limited is an Indian renewable power company focused on the development, establishment and operation of power generation projects, primarily in the solar and broader renewable energy sector, with its registered office in Gurugram, Haryana, and listings on both BSE and NSE.

Average Trading Volume: 87,688

Technical Sentiment Signal: Strong Sell

Current Market Cap: 140.5B INR

Learn more about ACMESOLAR stock on TipRanks’ Stock Analysis page.

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