Acme Solar shares gain up to 6% as firm places 3.1 GWh battery energy storage order

ACME Solar shares gained more than 6 percent intraday on Monday after the company said it has placed an order for more than 3.1 GWh of BESS to procure high-efficiency and scalable storage solutions from Zhejiang Narada and Trina Energy.

Shares of Acme Solar Holdings touched an intraday high of Rs 264.8 per share on the NSE, up 6.1 percent. The stock has gained after two days of consecutive decline. Later it pared some of its gains and settled at Rs 253 per share, up 1.37 percent.

This marks one of the largest battery storage procurements in India to date and will support the deployment of Battery Energy Storage Systems (BESS) across ACME Solar’s multiple renewable energy FDRE (Firm & Dispatchable Renewable Energy) and battery-linked projects, scheduled for commissioning over the next 12-18 months across multiple states in India, a company statement said.

The delivery is planned in a phased manner over the next four to eight months of the current fiscal year. Importantly, the order value of these systems is well within the budgeted cost, enabling overall capex efficiency while maintaining focus on technical performance and supplier reliability.