ACME signs 250 MW renewable PPA with NHPC

ACME Solar Holdings Limited said its wholly owned subsidiary, ACME Urja One Private Limited, has signed a Power Purchase Agreement (PPA) with NHPC Limited for a 250 MW firm and dispatchable renewable energy (FDRE) project. The disclosure was made to the stock exchanges on January 29, 2026. The agreement covers a 25-year supply of renewable power.

Under the PPA, the tariff has been fixed at Rs 4.33 per unit for electricity generated from the project. The filing states that the Scheduled Commercial Operation Date (SCOD) is June 30, 2027. The 25-year term of the agreement will begin from the commercial operation date.

ACME Solar Holdings Limited also reported its financial performance for the third quarter of FY26. Consolidated revenue from operations stood at Rs. 4,967.93 million, while net profit was Rs. 1,137.09 million.

On a standalone basis, the company recorded total revenue of Rs. 9,176.63 million. This was largely supported by Engineering, Procurement and Construction (EPC) contracts amounting to Rs. 8,951.55 million.

The Board declared an interim dividend of Rs. 0.20 per share, with February 6, 2026 set as the record date. The company also implemented an Employee Stock Option Plan (ESOP), under which 884,023 equity shares were allotted to the Employee Welfare Trust.