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ACME Solar Share Price in Focus as It Expands Capacity at Sikar Project

Written by: Aayushi ChaubeyUpdated on: 21 May 2025, 8:47 pm IST
ACME Solar adds 112.5 MW to its Sikar project to boost capacity. It aims to achieve a 10 GW energy production capacity by 2030.
ACME Solar Share Price in Focus as It Expands Capacity at Sikar Project
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ACME Solar's share price was up 1.93% at 2:16 PM and was trading at ₹242.20. The company has added 112.5 MW of new capacity at its Sikar Solar Power Project in Bikaner, Rajasthan, as of May 20. This follows an earlier commissioning of 52.5 MW earlier in May.  

With these additions, the Sikar project’s total operational capacity now stands at 165 MW, out of a planned 300 MW.

More Clean Power Coming

Once the full 300 MW is ready, the Sikar project is expected to generate 780 million units of clean energy annually. The electricity from the project will be sold on power exchanges on a merchant basis, meaning ACME will sell to the highest bidder rather than under long-term contracts. 

Total Capacity Now 2,705 MW

With the Sikar expansion, ACME Solar’s total operational solar capacity has now grown from 2,592.5 MW to 2,705 MW. This aligns with the company’s aggressive expansion and commitment to green energy.

Acme Solar Financial Performance in FY25

The capacity increase comes just after the company reported strong financial results for Q4 and FY25:

  • Quarterly revenue rose by 69.5% to ₹539 crore.
  • EBITDA (earnings before interest, tax, depreciation, and amortisation) surged 118.3% to ₹488 crore.
  • Profit after tax (PAT) for FY25 jumped 130.7% to ₹251 crore from ₹109 crore in FY24.

Record Year for Growth

In FY25, ACME Solar:

  • Commissioned 1,200 MW of solar capacity (a 101.9% increase from last year).
  • Won 1,900 MW of new projects.
  • Signed power purchase agreements (PPAs) for 1,890 MW.
  • Generated 4,013 million units of electricity (up 55.2% year-on-year).

Conclusion 

With rising clean energy capacity and strong financials, ACME Solar is on track to become one of India’s leading green energy players. The latest capacity addition and financial results reflect solid execution and future promise.
 
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Published on: May 21, 2025, 3:17 PM IST

Aayushi Chaubey

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