ACME Solar in focus after commissioning Phase-I BESS project in Rajasthan

Shares of ACME Solar Holdings Ltd are in focus on Thursday after the company commissioned Phase-I of a Battery Energy Storage System (BESS) project in Rajasthan, adding 53.73 MW of discharge capacity and 222.969 MWh of storage capacity to its portfolio.

In a filing to stock exchanges, ACME Solar said the project has been commissioned through the company's wholly owned subsidiary, ACME Sigma Urja Private Ltd, at Village Neemri, Tehsil Rawatbhata, District Chittorgarh, Rajasthan. The BESS forms part of a larger 250 MW/1,069 MWh Firm and Dispatchable Renewable Energy (FDRE) project.

ACME Solar Holdings shares settled at Rs 439.85 on Wednesday, up 0.47% from the previous close of Rs 437.80. The stock opened at Rs 444.65 and touched a high of Rs 445 during the session, while its day's low stood at Rs 436.10. The stock has gained 85% so far in 2026.

The company said only the BESS component of the project has been commissioned, while the corresponding renewable energy generation component remains under development. The commercial operation date for the commissioned BESS phase is October 2, 2026.

ACME Solar Holdings is a renewable energy independent power producer with a portfolio spanning utility-scale solar, wind, hybrid and firm and dispatchable renewable energy projects. The company also operates in the battery energy storage segment.