Dated September 23, 2025, ACME Solar Holdings Limited announced a ₹1,100 crore domestic refinancing from State Bank of India for its 300 MW renewable project in Rajasthan to lower financing costs and strengthen its credit profile.
ACME Solar secured ₹1,100 crore refinancing from State Bank of India to replace existing debt for its 300 MW Rajasthan asset, targeting a financing cost reduction of 100 bps over a 17-year tenure.
The project has an operational track record of about 6 months with optimum CUF levels, supporting stable cash flows under the company’s portfolio strategy.
The refinancing aligns with ACME Solar’s plan to optimise costs and pursue rating upgrades, with the borrowing routed via a subsidiary rated CRISIL AA-.
Management highlights financial discipline and stability as drivers for improved project credit ratings and balance sheet resilience.
The company reports 2,890 MW operational capacity across solar, wind, storage, FDRE and hybrid solutions, supported by in-house EPC and O and M capabilities.
Industry-leading CUF and operating margins are cited as outcomes of end-to-end development and efficient execution.
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On September 23, 2025, ACME Solar share price opened at ₹305.00 on NSE, above the previous close of ₹298.00. During the day, it surged to ₹305.80 and dipped to ₹300.20. The stock is trading at ₹301.20 as of 9:22 AM. The stock registered a moderate gain of 1.07%.
Over the past week, it has declined by 2.08%, over the past month, it has moved up by 5.43%, and over the past 3 months, it has moved up by 22.64%.
ACME Solar’s ₹1,100 crore SBI refinancing for the 300 MW Rajasthan project underscores a clear focus on lowering financing costs, strengthening ratings and enabling future capacity expansion.
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Published on: Sep 23, 2025, 12:37 PM IST
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