ACME Solar Holdings Ltd shares jump 2.51% on Letter of Award receipt
Why did ACME Solar Holdings Ltd shares jump today?
ACME Solar Holdings Ltd shares are trading higher today at ₹396.0, marking a gain of 2.51% as of Friday, 01:42 PM. The positive movement in the stock price is directly linked to a significant business announcement made by the company.
The company has received a Letter of Award from the Solar Energy Corporation of India Limited (SECI), which is a major government agency. This award is for a contracted capacity of 300 MW, which is part of SECI's large tender for 6,000 MWh of assured peak power. Winning such a contract from a key government entity is a strong signal of the company's capability and positions it well for future revenue growth.
This development is likely boosting investor sentiment. Securing a 300 MW project adds to ACME Solar's order book and reinforces its standing in the renewable energy sector. The market is reacting positively to this news, viewing it as a solid step that could enhance the company's financial performance and market share in the growing clean energy space.
What does ACME Solar Holdings Ltd do?
ACME Solar Holdings Limited has secured a Letter of Award from the Solar Energy Corporation of India Limited (SECI) for a contracted capacity of 300 MW. This award is part of SECI's 6,000 MWh Assured Peak Power Tender, designated as FDRE-IX, which has a total capacity of 1,500 MW for 4 hours. The company's involvement in this tender highlights its role in the development and supply of solar energy projects focused on assured peak power generation.
ACME Solar Holdings Ltd Financials
In CroresACME Solar Holdings Ltd reported revenues of ₹547.77 Crores for March 2026 and ₹857.48 Crores for June 2026, indicating a significant growth of approximately 56% between the two periods. The company's profit correspondingly increased from ₹139.32 Crores in March 2026 to ₹235.33 Crores in June 2026, marking a robust growth of about 69%. The data reflects a clear upward trend in both the top-line revenue and bottom-line profit for the quarter ending June 2026 compared to the previous quarter.
ACME Solar Holdings Ltd Shareholding Pattern
Promoter holding stands at 71.4% of the total share capital. Foreign Institutional Investors (FIIs) hold 4.39% stake in the company, while Domestic Institutional Investors (DIIs) hold 19.1%. Public shareholders hold the remaining 4.92% stake in ACME Solar Holdings Ltd.
ACME Solar Holdings Ltd FAQs
Q: Why did ACME shares jump 2.51% today?
Receiving of Letter of Award. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of ACME Solar Holdings Ltd?
As per the latest data, promoters hold 71.4% stake in ACME Solar Holdings Ltd, while FII holding stands at 4.39%. Domestic institutional investors hold 19.1%, and public shareholders account for 4.92% of the equity.
Q: What is the current stock price of ACME Solar Holdings Ltd?
ACME Solar Holdings Ltd shares are currently trading at ₹396.0, recording a gain of 2.51% from the previous close.
Q: What is the market capitalization of ACME Solar Holdings Ltd?
The company currently has a market capitalization of ₹27969.14 crore, reflecting its valuation in the Indian equity market.