The shares of ended today on the at ₹286.60, down by ₹1.70 or 0.59 per cent.
has assigned a ‘ICRA AA-/Stable’ credit rating to ACME Solar Holdings Limited for its long-term non-fund based bank facilities, marking the highest credit rating the company has received from any credit rating agency to date. The rating was announced on October 1, 2025.
The improved rating is expected to reduce borrowing costs for both ACME Solar and its subsidiaries. ICRA based its assessment on the company’s diversified portfolio across multiple locations with predominantly central government off-takers, along with revenue visibility provided by long-term power purchase agreements.
The rating agency also cited ACME Solar’s optimal generation performance, comfortable debt coverage metrics, and proven track record in developing and stabilising renewable energy projects. ICRA noted the strengthening of the company’s financial position following its initial public offering and the availability of equity funding to support ongoing construction projects.
ACME Solar Holdings operates as an integrated renewable energy company with a diversified portfolio that includes solar, wind, storage, firm and dispatchable renewable energy, and hybrid solutions. The company has an operational capacity of 2,890 MW and maintains in-house engineering, procurement, and construction capabilities, as well as operations and maintenance divisions for end-to-end project development and management.