India's Acme Solar rises after units commission additional battery storage capacity

ACME Solar Holdings

24/03/2026 08:06

** Shares of Acme Solar Holdings Ltd ACMO.NS rise as much as 5.6% to 250.95 rupees

** The renewable energy company via its units has commissioned additional 155 MW / 470.25 MWh of battery energy storage system (BESS)

** BESS units in Rajasthan are linked to inter-state transmission system network, and will operate on a merchant basis, earning revenue from price difference between peak, off‑peak demand hours

** Stock on track to snap two sessions of losses, if gains hold

** More than 1.2 million shares traded, as of 1:22 P.M. IST, nearly their 30-day moving avg of over 1.3 million shares

** Mean rating of seven brokerages is "strong buy"; their median PT is 325 rupees - data compiled by LSEG

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))