Acme Solar Achieves New Share Price High Following Major Funding Announcement
HYDROGEN
Acme Solar's share price reached a new 52-week high on September 11, trading at ₹308.15 after the company secured ₹3,892 crore in long-term financing from the State Bank of India for a 400 MW renewable energy project in Barmer, Rajasthan. This funding marks SBI's inaugural investment in Acme's firm and dispatchable renewable energy (FDRE) projects.
Despite a decline in net profit, Acme reported an 83.6% quarter-on-quarter revenue increase. Analysts project significant revenue growth, with a buy recommendation and a target price of ₹372, suggesting potential upside from current levels.
Sep 22, 2025, 10:43 AM
