ICRA Assigns AA-/Stable Rating to ACME Sikar Solar, Easing Financing Costs for 300 MW Project

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

ICRA Limited has assigned an AA-/Stable credit rating to the Rs 1,209 crore long-term debt of ACME Solar Holdings’ wholly owned subsidiary ACME Sikar Solar Private Limited, which develops a 300 MW solar project backed by a 25-year power purchase agreement with Solar Energy Corporation of India. The rating, underpinned by the project’s competitive costs, favourable refinancing terms and SECI’s strong credit profile and timely payments, is expected to further lower ACME Sikar’s financing costs on top of recent interest rate reductions, reinforcing the financial strength and bankability of ACME Solar’s growing renewable portfolio.

More about ACME Solar Holdings Ltd.

ACME Solar Holdings Limited is a leading integrated renewable energy company with a diversified 7,770 MW portfolio across solar, wind, storage, firm and dispatchable renewable energy (FDRE) and hybrid solutions. The company has 2,962 MW of operational contracted capacity and 4,808 MW under construction, including around 16 GWh of battery energy storage systems, and executes end‑to‑end development, EPC and O&M in-house to deliver cost- and time-efficient projects with high capacity utilisation factors and operating margins.

Average Trading Volume: 112,380

Technical Sentiment Signal: Strong Sell

Current Market Cap: 139.3B INR

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