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Battery Storage Win Powers Acme Solar’s Stock Surge
Equities, Market News - July 8, 2025

Battery Storage Win Powers Acme Solar’s Stock Surge

Battery Storage Win Powers Acme Solar’s Stock Surge

India’s renewable energy leader secures over 3.1 GWh of advanced battery storage, setting new benchmarks for grid stability and project execution

Introduction
Acme Solar Holdings, a prominent name in India’s renewable energy landscape, has made headlines with its announcement of a massive BESS procurement. The order, exceeding 3.1 GWh, not only marks a milestone for the company but also signals a major leap forward for India’s energy storage ambitions. The announcement triggered a sharp intraday rise of over 6% in Acme Solar’s share price, highlighting market optimism around its future trajectory and execution.

The Strategic Importance of Battery Storage
Why Battery Storage Matters
As renewable energy use expands, battery storage is becoming essential for grid stability and reliability. These systems store excess energy generated during periods of high production and release it when demand peaks or generation dips, thereby ensuring a stable and reliable power supply. For India, where the push for clean energy is intensifying, robust storage solutions are essential for balancing intermittent solar and wind generation.
Acme Solar’s Vision
Acme Solar’s battery procurement is aimed at powering its FDRE developments and other energy storage-linked projects slated for rollout in the coming 12 to 18 months. The company’s strategy is to deploy these storage systems across multiple states, enhancing both project flexibility and grid resilience.
Details of the Order
• Suppliers: Trina Energy and Zhejiang Narada are trusted worldwide for their high-efficiency and modular energy storage systems.
• Deployment: Phased deliveries are planned throughout the current fiscal year, with installations aligned to upcoming project timelines.
• Standards: All equipment adheres to international IEC and UL standards, ensuring top-tier safety, reliability, and performance.
The procurement fits within Acme Solar’s budgeted capital expenditure, balancing cost efficiency with high technical standards and supplier reliability. Ordering ahead of schedule should help expedite deployment and enhance cash flow timing.

Market Impact and Stock Performance
The announcement of the BESS order had an immediate effect on Acme Solar’s stock, which surged over 6% intraday and closed with a notable gain after a period of declines. Investors responded positively to the company’s proactive approach to securing critical infrastructure, which is expected to:
• Accelerate project commissioning
• Enhance operational margins through improved capacity utilization
• Reinforce Acme Solar’s leadership in the accelerating green energy market

Broader Implications for India’s Clean Energy Transition
Scaling Up Renewable Integration
India’s renewable energy sector is expanding rapidly, but integrating large volumes of variable solar and wind power remains a challenge. Acme Solar’s large-scale adoption of advanced battery storage is a template for the industry, demonstrating how storage can unlock new levels of grid flexibility and reliability.
Supporting National Goals
This order aligns with India’s broader ambitions to increase renewable energy’s share in the national grid, reduce dependence on fossil fuels, and meet climate commitments. By investing in state-of-the-art storage, Acme Solar is helping pave the way for a more resilient and sustainable energy future.
Acme Solar’s Operational Strength
Holding 6,970 MW in renewables and 550 MWh in storage capacity, Acme Solar is primed to support India’s journey toward a sustainable energy future. Its in-house engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) teams ensure efficient project delivery and strong performance metrics, such as industry-leading capacity utilization factors and operating margins

Conclusion
Acme Solar’s record-setting battery storage order is a watershed moment for India’s renewable energy sector. By securing advanced, large-scale storage solutions, the company is not only boosting its own growth prospects but also setting new standards for project execution and grid stability. This bold move is likely to inspire similar investments across the industry, accelerating India’s journey toward a cleaner, more reliable energy future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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SPML Infra Shares Surge as Company Eyes 50% Growth in FY26

SPML Infra Shares Surge as Company Eyes 50% Growth in FY26

SPML Infra has caught the market’s attention after its management shared strong growth expectations for the next financial year. The company is aiming for a 50% increase in both revenue and net profit for FY26, driven by a healthy order book and its strategic entry into the fast-growing battery energy storage space.

Stock Rises on Positive Growth Outlook

SPML Infra’s stock price jumped over 10% after the company announced its aggressive growth plan. The shares hit an intraday high of ₹209.65, eventually closing at ₹205.45, compared to the previous day’s close of ₹190.45. This surge in stock price also pushed the company’s market capitalization to approximately ₹1,460 crore.

The price rally was supported by strong trading volumes, reflecting rising investor confidence in the company’s future prospects.

Strong Order Book Provides Revenue Visibility

The company’s management highlighted that SPML Infra currently has an active order book of ₹3,000 crore. This solid backlog will serve as a key revenue driver in the coming quarters, giving the company a solid base to achieve its projected growth.

With orders coming from both traditional infrastructure and new sectors, the company is well-positioned to maintain steady cash flows and improve profitability.

Margin Expansion a Top Priority

SPML Infra is not just focused on growing revenue—it also aims to significantly improve its profit margins. Management shared that while older projects have operating margins of around 4-5%, newer projects are expected to deliver margins in the 10-15% range.

A major contribution to this improvement is expected from the company’s push into the Battery Energy Storage Systems (BESS) market, where higher margins of over 15% are achievable.

Entering the Energy Storage Sector

SPML Infra is expanding its business by stepping into the promising battery energy storage sector, which is gaining rapid importance as part of India’s renewable energy transition.

The company has outlined an investment of ₹175 crore in this sector, which will be deployed in multiple stages. Importantly, the entire investment will be funded by promoters, reducing the burden on the company’s balance sheet.

To enhance its capabilities, SPML Infra recently secured advanced battery storage technology from Energy Vault for ₹33 crore (approximately $4 million). This acquisition is expected to give SPML Infra a competitive edge in this emerging market.

Strong Position in Water Infrastructure

While diversifying into energy storage, SPML Infra continues to solidify its leadership in the water management sector. Over time, SPML Infra has successfully delivered significant projects for notable clients such as the Delhi Jal Board, Jal Jeevan Mission, the National Mission for Clean Ganga, PHED Rajasthan, and others.

The company remains committed to securing large-scale water projects, with management expecting to bid for contracts worth ₹3,000–₹5,000 crore every year.

Aggressive Bidding Plans

SPML Infra is actively pursuing new project opportunities. The company’s current bidding pipeline is valued at over ₹9,000 crore. Of this, management is aiming to win ₹1,500–₹2,000 crore worth of projects specifically in the battery energy storage space.

This aggressive approach highlights the company’s ambition to grow quickly and diversify its revenue streams across high-growth sectors.

Recent Financial Performance

In the fourth quarter of FY25, SPML Infra reported revenue of ₹189 crore, which was lower than ₹461 crore in the same quarter of the previous year. However, the company posted a net profit of ₹12 crore in Q4 FY25, a strong recovery from the ₹4 crore loss reported in Q4 FY24.

SPML Infra maintains a solid financial position, reflected in its debt-to-equity ratio of 0.48, which suggests the company is operating with manageable debt levels. SPML Infra has reported a Return on Capital Employed (ROCE) of 8.9% and a Return on Equity (ROE) of 7.8%, indicating consistent and stable returns.

Financial Discipline in Focus

SPML Infra’s leadership has emphasized the importance of maintaining strict financial discipline. The company is committed to improving cash flows, ensuring timely project execution, and making efficient use of capital. These efforts will be essential to support its growth plans while keeping financial risks under control.

Key Points to Track

Investors should watch the following:

Achieving success in securing fresh contracts from the ₹9,000 crore worth of projects currently under bidding.

Progress in executing the ₹3,000 crore order book on time.

Expansion in the energy storage business.

Improvement in EBITDA margins.

Effective management of debt and working capital.

Conclusion

SPML Infra is aiming for a transformative year ahead. Backed by a solid project pipeline, expansion into energy storage, and a clear focus on profitability, the company is positioned for meaningful growth. If SPML Infra can deliver on its execution plans and win new contracts as expected, it could deliver substantial gains for investors in the coming quarters.

 

 

 

 

 

 

 

 

 

 

 

 

 

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Reliance Power to Invest ₹10,000 Crore in Solar!

 Reliance Power to Invest ₹10,000 Crore in Solar!

 

In a significant move towards green energy, Reliance Power has signed a power purchase agreement to provide 930 MW of solar energy along with 465 MW of battery storage, marking the biggest initiative in Asia aimed at combining solar energy with battery energy storage systems.

Summary:

Reliance NU Suntech, a part of Anil Ambani’s Reliance Power, has unveiled plans for a groundbreaking investment of ₹10,000 crore in a solar plus battery energy storage system (BESS) initiative. In partnership with SECI, the initiative will generate 930 MW of solar energy and 465 MW of battery storage, making it Asia’s largest project and vital for India’s renewable energy transition.

Anil Ambani’s Green Gambit: ₹10,000 Crore Bet on Solar-BESS

In what could mark a transformational chapter in India’s renewable energy journey, Anil Ambani-led Reliance Power Ltd is investing a massive ₹10,000 crore to develop Asia’s largest solar power project with integrated Battery Energy Storage System (BESS). The project is being executed by Reliance NU Suntech, a green energy arm of Reliance Power, in collaboration with Solar Energy Corporation of India (SECI).
A Power Purchase Agreement (PPA) has already been signed between Reliance NU Suntech and SECI for procuring 930 MW of solar power, coupled with a 465 MW battery storage capacity. This pioneering hybrid setup is a landmark step in India’s mission to build resilient, dispatchable, and green energy systems.

Project Overview: Merging Solar and Storage for Round-the-Clock Power

This groundbreaking solar-BESS initiative will become the largest of its type in Asia. It will feature a combined output of 930 MW of clean energy generation and a 465 MW battery energy storage system, effectively allowing solar power to be stored and distributed even during non-sunny hours.
Unlike traditional solar projects that suffer from intermittency, integrating battery storage enables grid stability, peak-hour dispatchability, and a reliable renewable energy supply. This makes the project a future-proof model for energy infrastructure in rapidly developing economies like India.
Reliance Power stated that the project aligns with the government’s “Energy Storage Obligation (ESO)” and “Renewable Purchase Obligation (RPO)” mandates, providing crucial balancing and backup capacity to the grid.

Strategic Importance: Decarbonizing Power Supply at Scale

India has pledged to meet 500 GW of non-fossil fuel-based capacity by 2030, and large-scale solar-BESS projects like this are essential to that mission. This project’s hybrid nature enhances grid resilience and helps reduce dependence on coal-based peak power.
SECI, the government’s nodal agency for renewable energy procurement, has aggressively pushed for solar-plus-storage projects to tackle renewable energy curtailment, improve efficiency, and ensure round-the-clock power.
By committing ₹10,000 crore, Reliance Power is fulfilling its net-zero aspirations and demonstrating its willingness to reinvent and reposition itself in the highly competitive clean energy domain dominated by giants like Adani Green and Tata Power Renewables.

Financing and Execution Timeline

Though detailed financing arrangements are yet to be disclosed, industry experts suggest a mix of debt and equity financing, possibly supported by green bonds or international climate funds.
The project is expected to be implemented in phases, with commercial operations likely to commence within the next 24–30 months. To maintain cost and performance efficiency, key components like lithium-ion battery systems, solar modules, and inverters may be sourced through Make in India initiatives and global suppliers.

Impact on India’s Clean Energy Ecosystem

This solar-BESS project will serve as a template for future renewable infrastructure in India, offering several benefits:
Grid Stability: BESS can discharge power during peak hours, preventing blackouts and load shedding.
Job Creation: Estimated to create thousands of direct and indirect employment opportunities across engineering, procurement, construction, and operations.
Carbon Reduction: A combined reduction of approximately 1.5 million tons of CO₂ per year, equivalent to planting over 25 million trees.
Technology Adoption: Accelerates India’s adoption of cutting-edge battery storage and smart grid technology.
Furthermore, Reliance Power’s foray into this segment could catalyze more private sector participation in hybrid renewable projects, potentially attracting FDI and climate finance.

Anil Ambani’s Strategic Repositioning

Once known for its aggressive expansion in coal-fired power plants and mega-infrastructure, Reliance Power has recently pivoted towards renewable energy, driven by market pressures and the global energy transition.
This ₹10,000 crore investment reflects a strategic shift in vision—from debt-laden legacy operations to high-growth, sustainable energy segments. While the company has faced considerable financial stress, this move could begin its resurgence, particularly if the project is executed efficiently and profitably.

Conclusion: A Defining Moment for India’s Energy Future

Reliance Power’s launch of Asia’s largest solar-BESS project is more than just a corporate announcement—it’s a significant milestone for India’s renewable energy landscape. With robust policy backing, market demand for clean power, and technological feasibility, this project can serve as a benchmark for integrated renewable energy development across emerging economies.
As the world pivots towards decarbonization, India’s leadership in solar-plus-storage could be the game-changer needed to bridge the energy security and sustainability divide—and Anil Ambani’s Reliance Power seems to be betting big on that future.

 

 

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