ACME Solar Holdings shares were trading at RS 232.90 on the BSE, marking a gain of RS 4.80 or 2.10% compared to the previous close of RS 228.10.

The stock opened at RS 231.55 and touched an intraday high of RS 235.05 and a low of RS 230.00. A total of 41,148 shares were traded on the counter during the session.

The BSE Group ‘A’ stock, with a face value of RS 2, had previously recorded a 52-week high of RS 324.25 on 15 September 2025 and a 52-week low of RS 171.90 on 17 February 2025. Over the past week, the stock registered a high of RS 235.05 and a low of RS 218.10. The company’s current market capitalization stands at RS 14,076.73 crore.

In terms of shareholding pattern, promoters hold 83.29% stake in the company, while institutional investors and non-institutional investors hold 10.91% and 5.80%, respectively.

The surge in the stock price follows ACME Solar Holdings receiving a Letter of Award (LoA) from Rewa Ultra Mega Solar for a 220 MW Solar project integrated with a Battery Energy Storage System (BESS). The project forms part of a 440 MW tender issued for the Morena Solar Park in Madhya Pradesh under tariff-based competitive bidding (TBCB) guidelines. An e-reverse auction for the tender was conducted in September 2025.

As per project requirements, the company must supply power at a maximum annual Capacity Utilization Factor (CUF) of 35%, along with four hours of peak supply daily—two hours each during morning and evening peaks—at 95% annual availability. The energy required for evening peak supply will be sourced from the solar plant, while the energy for morning peak supply will be provided free of cost by the procurer during night hours.

Rewa Ultra Mega Solar will provide land and evacuation infrastructure above the 33 kV level as part of the solar park facilities. The project will also benefit from reduced GST rates already passed through and must comply with ALMM List-I (Approved List of Models and Manufacturers – List I) requirements.

The project integrates solar power generation with BESS technology to meet supply commitments under a 25-year Power Purchase Agreement (PPA). The PPA is expected to be signed with Madhya Pradesh Power Management Company (MPPMCL) and Rewa Ultra Mega Solar.

ACME Solar Holdings is a leading renewable energy company in India, with a diversified portfolio comprising solar, wind, hybrid, and firm and dispatchable renewable energy projects.