Acme Solar had won the 600 MW project in an auction conducted by NTPC last August where it quoted a tariff of Rs 2.59 per unit. According to the terms of the power purchase agreement (PPA) it signed with NTPC, the output was meant for Telangana, and the tariff, tradingContinue Reading
ACME Solar Holdings Ltd, has hired two investment banks to start work on its proposed infrastructure investment trust (InvIT) amid a prolonged delay in a planned initial public offering (IPO). InvITs are trusts that manage income-generating infrastructure assets, typically offering investors regular yield and a liquid method of investing inContinue Reading
Acme Solar today has about 2000 MW of projects where construction is either on or yet to begin. However after the recent notification of Finance Ministry on 31 July which notified the imposition of 25% safeguard duty with immediate effect on imported solar cells and modules, ignoring a stay tillContinue Reading
Acme Solar and Azure Power managed to secure the rights to develop 600 megawatts of capacity each in the largest solar power tender issued by the Solar Energy Corporation of India to date. The tender is jointly the largest tender issued in the country ever. Tenders with 2 gigawatts ofContinue Reading
Renewable energy producer ACME Solar Holdings is planning to re-file the draft red herring prospectus for its initial public offering (IPO) due to change in plans for using the capital it intends to raise through the IPO. As per Sebi guidelines, an issuer needs to re-file prospectus, if it needsContinue Reading
Gurgaon-based Renewable energy firm ACME Solar Holdings Ltd have received regulatory nod to float its initial public offerings. The Securities and Exchange Board of India (SEBI) issued final observations to ACME Solar on 15 December’17. ACME Solar Holdings plans to issue shares worth Rs 2,200 crore ($335 million) to payContinue Reading
ACME is one of the largest independent solar power manufacturer in India as per the market research firm CRISIL. ACME Solar Holdings has filed preliminary papers with Sebi to raise Rs2,200 crore through an initial public offering, according to draft papers filed with the markets regulator Sebi. Acme Solar HoldingsContinue Reading
ACME Jaipur Solar Power Pvt. Ltd may get Rs 960 crore from International Finance Corporation, the private-sector investment arm of the World Bank for construction of 250 MW solar power plant in Madhya Pradesh. ACME Solar is a wholly owned subsidiary of ACME Cleantech Solutions Pvt. Ltd., will undertake the projectContinue Reading
