ACME Solar shares soar over 6% to 52-week high; here is what is driving the rally

The order will be delivered in phases over the next six to ten months. It would be deployed across ACME Solar’s FDRE (Firm & Dispatchable Renewable Energy) and standalone BESS projects, scheduled for commissioning over the next 12 to 18 months, the renewable energy firm said in a regulatory filing.

Commenting on the development, Nikhil Dhingra, CEO of ACME Solar, said, “With this latest order, ACME Solar’s cumulative BESS procurement surpasses 5 GWh, following a previous order of 3.1 GWh BESS placed in July 2025. This strategic purchase will ensure the timely availability of the BESS system, playing a key role in de-risking project commissioning timelines & accelerating overall project delivery.”

The order with the Chinese global energy systems supplier was placed through POSCO International Corporation and China FAW Group Import and Export Co., the filing added.

“This is the big step forward for us in the Indian market, which is the most promising BESS market in the world. With this opportunity, we will diversify our partnership with the market-leading enterprise, ACME, and enlarge our business activities in India,” commented Jason Lee, Director of Posco International.

Posco International is a South Korean global integrated business company, with green energy being one of its key business sectors.

“Based on this agreement, our company will further contribute to the expansion of energy efficiency initiatives in the Indian market and establish a stronger foundation for long-term growth,” Lu TianJun, General Manager of Lishen, added.

Lishen, China’s first lithium-ion battery R&D firm and manufacturer, has an annual production capacity of 31 GWh of lithium-ion batteries.

ACME Solar to acquire 100% stake in AK Renewable Infra for ₹79 crore

In a separate filing late on Friday night, ACME Solar announced it executed a share purchase agreement (SPA) to acquire 100% equity shares of AK Renewable Infra Private Limited for ₹79.25 crore.

Post the completion of the acquisition, AK Renewable Infra will become the wholly-owned subsidiary of ACME Solar Holding.

The acquisition was considered and approved by the ACME Solar Energy board of directors’ operational committee on the same day, i.e., September 5. Furthermore, the share purchase will be completed within five business days of executing the SPA, or such other extended date as agreed by the parties involved, it added.

AK Renewable Infra has secured all rights, including land, connectivity, and associated approvals for 300 MW capacity development in Rajasthan, which will enhance ACME Solar’s project pipeline and accelerate its project execution and commissioning. Thus, the acquisition will expedite its revenue and profitability.

AK Renewable Infra was incorporated on April 14, 2021, and is in the business of developing renewable energy parks in India.

The stock of ACME Solar closed 1.75% higher at ₹301.50 per equity share on Monday.

The renewable energy company has a total market capitalisation of ₹18,515.69 crore as of September 8, 2025.

ACME Solar Q1 result

The company reported a multifold jump in its consolidated net profit to ₹131 crore in the first quarter of the 2025-26 financial year (Q1 FY26), compared to ₹1 crore logged in the same period of the previous fiscal year.

During the quarter under review, ACME Solar’s revenue from operations jumped 71.8% year-on-year (YoY) from ₹340 crore seen in the June quarter of FY25.

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹531 crore in Q1 FY26, rising 90.9% YoY from the ₹302 crore registered in Q1 FY25. Its EBITDA margin expanded to 90.9%, as against 88.8%.