The shares of ACME Solar Holdings Limited concluded trading today on the NSE at ₹286.60, reflecting a decrease of ₹1.70 or 0.59 percent.
ICRA Limited has awarded a credit rating of ‘ICRA AA-/Stable’ to ACME Solar Holdings Limited for its long-term non-fund based bank facilities, the highest rating the company has received from any credit rating agency thus far. This announcement was made on October 1, 2025.
The upgraded rating is anticipated to lower borrowing costs for both ACME Solar and its subsidiaries. ICRA’s assessment was based on the company’s diversified portfolio across various locations, predominantly involving central government off-takers, as well as the revenue security afforded by long-term power purchase agreements.
The agency highlighted ACME Solar’s optimal generation performance, comfortable debt coverage metrics, and established expertise in developing and stabilizing renewable energy projects. ICRA also noted an enhancement of the company’s financial position following its initial public offering, along with the availability of equity funding to facilitate ongoing construction projects.
ACME Solar Holdings operates as an integrated renewable energy company with a diversified portfolio that includes solar, wind, storage, firm and dispatchable renewable energy, and hybrid solutions. The company currently boasts an operational capacity of 2,890 MW and maintains in-house engineering, procurement, and construction capabilities, alongside operations and maintenance divisions for comprehensive project development and management.
Published on October 3, 2025.
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