India's ACME Solar gains after winning Tata Power project

ACME Solar Holdings

03/09/2025 08:58

** Shares of ACME Solar Holdings ACMO.NS rise 2.9% to 295.6 rupees

** Renewable energy co wins 50 MW solar-plus-storage project from Tata Power TTPW.NS at 4.43 rupees/unit tariff under a 25-year power purchase agreement

** Project to be commissioned within 24 months from signing of agreement

** Stock rated "strong buy" on avg; median PT is 350 rupees - data compiled by LSEG

** Stock up 25.4% YTD

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))