The projects are aimed at improving grid stability by storing power during off-peak periods and supplying it during peak demand.
The company plans to scale up its BESS capacity to 10 GWh by 2027.
ACME Solar has a total portfolio of 8,071 MW across solar, wind, storage and hybrid projects, with 2,990 MW operational and 5,081 MW under construction.
The company’s consolidated net profit rose 1.47% to Rs 113.71 crore on a 42.3% jump in net sales to Rs 496.62 crore in Q3 FY26 over Q3 FY25.
Earlier this month, a foreign brokerage initiated coverage on ACME Solar Holdings with a ‘Buy’ rating and a target price of Rs 350. The brokerage said the company is well placed to benefit from a strong project pipeline, ongoing capacity expansion and improving earnings visibility as execution picks up. It also cited supportive policy measures and rising solar auction activity as key growth drivers, adding that the current valuation does not fully reflect the company’s growth prospects or improving financial profile.
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