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Battery Storage Win Powers Acme Solar’s Stock Surge
Business, business update - June 24, 2025

ACME Solar Arranges ₹1,072 Crore Funding for Rajasthan Solar Project

ACME Solar Arranges ₹1,072 Crore Funding for Rajasthan Solar Project

ACME Solar, a key player in India’s renewable energy sector, has successfully arranged a fresh financing deal worth ₹1,072 crore for its operational 250 MW solar plant in Rajasthan. This new financial agreement is expected to ease funding pressures and support the company’s broader growth ambitions.

Fresh Financial Backing Explained

The funding was raised through ACME Aklera Power Technology Private Limited, a fully owned subsidiary of ACME Solar. The primary goal is to replace the plant’s existing high-cost debt with this more affordable financing.
A notable aspect of the deal is the interest rate improvement, which is now around 8.5% per annum, significantly lower than the previous rate. The financing has been structured with a long-term repayment window of 18 years, giving the company a more comfortable financial runway.

Solar Plant’s Performance and Stability

The Rajasthan solar facility has been consistently generating power for over a year and a half. The plant has achieved a Capacity Utilisation Factor (CUF) of 29.3% in the current financial year, demonstrating steady output and reliability.
This solid operational record was key to attracting favourable refinancing terms. Projects with proven efficiency often receive better financial offers, as lenders prefer assets that are already performing well.

Major Lending Partners Involved

Well-known international banks, including Bank of America and Standard Chartered Bank, have supported this financial arrangement. Their participation not only secures the funding but also strengthens ACME Solar’s international reputation.
This move is part of ACME Solar’s ongoing effort to strategically manage and improve its debt profile. Over the past half-year, the company has restructured loans worth approximately ₹4,575 crore across its portfolio. By lowering borrowing costs, ACME Solar is preparing itself for future growth in a highly competitive industry.

Investor Response and Market Impact

Following the announcement, ACME Solar’s shares rose by about 3% on the Bombay Stock Exchange (BSE), closing near ₹252 on June 24, 2025. This positive market movement signals investor approval of the company’s financial strategy.

Sector-Wide Relevance and Benefits

India is quickly expanding its renewable energy network, with a target to achieve 500 GW of clean energy capacity from non-fossil fuel sources by the year 2030. Companies like ACME Solar are pivotal in reaching this ambitious goal.
Securing cost-effective financing strengthens individual companies while also supporting the broader renewable energy ecosystem. Lower interest rates enable developers to offer more competitive tariffs, increasing their chances of winning future solar tenders.
This development also provides a positive case study for other industry participants, demonstrating that operational assets with reliable performance can attract favourable financing even in challenging financial markets.

Outlook for ACME Solar

ACME Solar has been steadily broadening its renewable footprint across India, focusing on large-scale solar installations while maintaining prudent financial management. By actively reshaping its debt strategy, the company is creating room for future project investments and possible diversification into other green technologies.
The involvement of globally respected lenders in this deal is likely to open doors for additional funding sources in the future. ACME Solar’s ability to use existing projects as leverage for securing lower-cost financing reflects careful long-term planning.
With improved financial flexibility, ACME Solar is now well-positioned to pursue larger renewable ventures and actively compete in upcoming solar auctions. The company may also explore newer segments within clean energy, further contributing to India’s sustainability objectives.
In conclusion, this ₹1,072 crore financing not only strengthens ACME Solar’s financial foundation but also supports India’s clean energy mission. The deal marks a step forward in the company’s growth journey and enhances its standing with both investors and financial partners.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Reliance Infrastructure Shares Gain After Subsidiary Clears ₹273 Crore Dues to Yes Bank

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Battery Storage Win Powers Acme Solar’s Stock Surge
Market News - June 20, 2025

KPI Green Energy Lands New Solar Orders to Advance Growth in Renewable Sector

KPI Green Energy Lands New Solar Orders to Advance Growth in Renewable Sector

KPI Green Energy is moving forward strongly in India’s renewable energy space with the announcement of new solar project orders. The company has revealed that its fully owned unit, Sun Drops Energia Private Limited, has received contracts to develop solar power projects with a total capacity of 36.87 megawatts (MW). These new projects are part of Gujarat’s Captive Power Producer (CPP) framework, supported by the state’s active renewable energy initiatives.

New Solar Projects Supporting Gujarat’s Green Goals

These newly awarded contracts are in line with Gujarat’s Distributed Renewable Energy Bilateral Purchase (DREBP) framework, which is part of the Gujarat Renewable Energy Policy 2023. This policy promotes local solar energy production and encourages industries to generate their own power, aligning with KPI Green Energy’s growth direction.
The solar installations are scheduled to be carried out in phases during the financial year 2025-26. The company confirmed that these contracts are secured directly with clients and do not involve promoters or related parties, highlighting KPI Green Energy’s growing independent market presence.

Expanding Captive Solar Solutions

Captive power plants enable businesses to meet their electricity needs independently, lowering energy expenses and minimizing reliance on the public power grid. KPI Green Energy has built a strong reputation for providing customized solar solutions to industries aiming to transition to sustainable energy sources.
These new orders will further increase the company’s influence in Gujarat’s captive solar market, a key region for renewable growth in India. KPI Green Energy’s consistent ability to secure contracts reflects its reliability, project management expertise, and strong customer partnerships.

Share Market Reaction to Order Wins

The announcement of these new solar projects positively influenced KPI Green Energy’s stock performance. On June 19, 2025, the share price rose during the trading session, peaking at around ₹483 before closing near ₹471-₹472. The market response suggests that while investors welcomed the development, some opted to book profits during the session.
Despite the stock showing an approximate 21% decline over the past year, the company’s ongoing success in winning orders and maintaining solid financial health signals promising long-term potential.

Strong Financials in Q4 FY25

KPI Green Energy’s fourth-quarter financial results for FY25 were encouraging. The company posted a net profit of ₹99.4 crore, backed by timely project completions and increasing demand for renewable energy. The company’s revenue for the quarter showed substantial growth, increasing significantly from the same period last year to reach ₹569.4 crore.
These financial achievements highlight the company’s ability to deliver projects efficiently and grow its customer base, reinforcing its leadership in India’s solar energy sector.

Supporting Renewable Energy Development

Founded in 2008 and headquartered in Gujarat, KPI Green Energy plays a crucial role in advancing India’s solar energy initiatives as an integral part of the KP Group. The company’s “Solarism” initiative has successfully developed extensive utility-scale and captive solar installations across the state.
The company’s operational footprint spans over 50 locations across Gujarat. KPI Green Energy has also participated in notable renewable projects, including a significant hybrid energy project exceeding 1 GW with Gujarat Urja Vikas Nigam Limited (GUVNL).
Regular project awards and successful deliveries continue to solidify KPI Green Energy’s reputation as a reliable renewable energy partner in India.

Future Growth Path

The newly secured solar orders represent another important step in KPI Green Energy’s growth strategy. As India’s renewable energy sector rapidly evolves, supported by strong government policies and growing demand from industries, KPI Green Energy is well-positioned to capitalize on new opportunities.
The company is expected to maintain its growth pace by securing additional contracts in both captive and independent power segments. The phased execution of the 36.87 MW solar projects throughout FY26 is expected to positively impact the company’s financial performance in the coming quarters.
With Gujarat continuing to push renewable energy development, KPI Green Energy is ready to build on its existing pipeline and deepen its market presence.

Conclusion

KPI Green Energy’s recent order win reinforces its strength in the captive solar segment. With a combination of solid financials, dependable project execution, and alignment with Gujarat’s renewable energy targets, the company is well-positioned for continued success. As demand for clean, affordable energy solutions increases, KPI Green Energy is building a strong, competitive foundation in India’s fast-growing green energy landscape.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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MTAR Technologies Secures Rs 90 Crore Annual Deal, Boosting Long-Term Growth

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Massive Order Lifts Solar Stock to Upper Circuit Limit
Market News - June 19, 2025

Massive Order Lifts Solar Stock to Upper Circuit Limit

Massive Order Lifts Solar Stock to Upper Circuit Limit

Big Contract From Zetwerk Sends Solar Stock Higher

Ganesh Green Bharat Ltd, a rising player in India’s renewable energy space, hit the *upper circuit limit* in trading after securing a *significant ₹620.64 crore order* from Zetwerk Manufacturing Businesses Pvt Ltd. This development brought the company’s *total order book value to ₹1,173.56 crore*, reflecting substantial growth in its project backlog and future revenue potential.

The newly received contract covers the *design, supply, installation, testing, and commissioning (SITC)* of solar energy systems. It represents a landmark addition to the company’s active portfolio, which includes a wide range of infrastructure solutions such as *solar EPC services, electrical installations, and **water-related engineering works*

Prior to this deal, Ganesh Green Bharat had secured several contracts across its business segments. It held around ₹273 crore in solar project orders, approximately ₹26 crore in electrical contracts, and over ₹14 crore in water supply projects. The new order from Zetwerk not only dominates all previous individual projects by value but also *more than doubles* the company’s total work commitments, greatly enhancing its order visibility over the next several quarters.

Following the announcement, the stock was quickly locked in the *upper price band*, which restricts further upward movement for the trading session. This reaction mirrors previous surges seen when the company announced smaller contracts earlier this year, including solar pump installations and rural electrification orders, which had boosted confidence among investors.

Ganesh Green Bharat Ltd made headlines with its public debut in July 2024, when its *Initial Public Offering (IPO)* was subscribed over *12 times. Since then, the company has steadily added to its project portfolio, winning tenders under key government programs such as **Saubhagya Yojana, PM-KUSUM, and Jal Jeevan Mission. Its business model revolves around offering **EPC services for solar power systems, electrical infrastructure, and **water system projects*—sectors that are currently seeing increased public and private investment.

The company’s *market capitalization* now hovers between *₹830 and ₹1,080 crore*, depending on market conditions. This new mega order is expected to improve its earnings potential and visibility for the next few financial periods.

This Rs 620.64 crore contract could mark a turning point for the company, pushing it toward *mid-cap territory* and positioning it for larger bids in the renewable energy space. The scale of the project not only reinforces the company’s operational capabilities but also highlights the trust that large industrial players like Zetwerk place in Ganesh Green Bharat’s execution strength.

However, it’s important to note that while such big-ticket orders can fuel optimism, they also introduce new challenges. Project execution at scale, meeting deadlines, and managing supply chain risks are all factors that could affect performance. Moreover, high valuation levels post-IPO mean the company must deliver strong financials consistently to sustain investor confidence.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Fueling the Future: Investment Highlights of Sigachi’s Hyderabad Facility

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Waaree Renewable Technologies: Order Book Surges to ₹1,480 Crore as Growth Accelerates
Market News - June 5, 2025

Servotech Surges 11% on Railway Solar Rooftop Deal

Servotech Surges 11% on Railway Solar Rooftop Deal

 

In a significant development that reflects India’s accelerating commitment to sustainable energy, Servotech Renewable Power System Ltd witnessed a remarkable 11% surge in its stock price following the announcement of a key contract win. The company secured a major order from the Northeast Frontier Railway (NFR) for the supply and installation of solar rooftop systems across its infrastructure. This project strengthens Servotech’s rising prominence in the green energy industry and represents another significant milestone in India’s railways’ shift to renewable energy.

Strategic Order for Solar Rooftop Solutions
The awarded order involves the design, supply, installation, and commissioning of grid-connected rooftop solar photovoltaic (PV) systems at multiple sites under the jurisdiction of Northeast Frontier Railway. These installations are expected to significantly contribute to reducing the carbon footprint of the railway network in the region. With solar power increasingly seen as a viable solution to meet energy needs, this move by NFR aligns with Indian Railways’ broader strategy to become a net-zero carbon emitter by 2030.
The contract will involve state-of-the-art PV technology with efficient inverter and battery backup systems, ensuring reliable energy even during grid outages. It includes long-term maintenance support, emphasizing Servotech’s role not just as an equipment supplier but also as a comprehensive solution provider.

Market Reaction and Stock Performance
Soon after the official announcement, investor sentiment turned highly bullish, resulting in an 11% spike in Servotech’s share price. The market’s enthusiastic response stems from two main factors: the financial value of the order and the strategic importance of the client. Government orders, particularly from critical infrastructure sectors like railways, are viewed as highly credible and stable revenue streams. This makes Servotech a more attractive investment, especially in the eyes of long-term investors seeking exposure to India’s clean energy transition.
Analysts also noted increased trading volume in Servotech’s counter, indicating heightened investor interest and the possibility of sustained momentum in the near term.

A Growing Presence in the Renewable Energy Space
Servotech Renewable Power System Ltd has steadily evolved from a power electronics manufacturer into a prominent player in the renewable energy sector. The company has been expanding its portfolio with solar inverters, battery energy storage systems (BESS), EV chargers, and rooftop solar systems. Its products cater to both institutional and retail clients, covering diverse sectors such as railways, healthcare, education, and residential complexes.
This latest order adds to a growing list of strategic wins that reflect Servotech’s expanding technical capabilities and deepening presence across government and commercial renewable energy markets. The management has stated that this order will not only contribute to revenue growth but will also enhance their technical references and credibility in similar future bids.

Government Push Towards Solar
India’s Ministry of New and Renewable Energy (MNRE) has been aggressively promoting rooftop solar schemes, including subsidies and viability gap funding for public sector undertakings and government buildings. One of the biggest energy users, Indian Railways, is leading the charge to implement these policies. It has already installed solar panels at more than 1,000 railway stations and numerous other buildings and plans to significantly scale up its efforts.
By awarding contracts to companies like Servotech, the government is promoting indigenous manufacturing and project execution capabilities in the green energy sector, in line with the ‘Atmanirbhar Bharat’ vision.

Financial Outlook and Investor Confidence
With the successful execution of this order, Servotech stands to benefit from enhanced cash flow, brand visibility, and potential future collaborations with other railway zones. It also boosts investor confidence in the company’s ability to deliver on high-value projects.
Moreover, the Indian rooftop solar segment is expected to grow at a compound annual growth rate (CAGR) of over 20% in the coming years. Companies well-positioned with proven experience in execution and government tie-ups are expected to outperform, and Servotech is emerging as a key contender in this space.
The management remains optimistic about further order wins, aided by its robust supply chain, skilled workforce, and innovation-driven approach.

Conclusion
Servotech Renewable Power System Ltd’s 11% jump in stock price is a clear signal of market approval for its recent solar rooftop project win from the Northeast Frontier Railway. As India pushes ahead on its renewable energy targets, companies like Servotech are expected to play a pivotal role. With a growing portfolio, credible execution record, and favorable government policy backdrop, Servotech is positioning itself as a rising star in the country’s green energy revolution.

 

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