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ACME Solar Holdings Ltd recorded a sharp rise in its consolidated net profit during the July�September quarter of the current fiscal, reaching INR 115.06 crore compared to INR 15.2 crore in the same period last year. The company�s total income more than doubled to INR 601.36 crore, supported by increased operational capacity and project progress. ACME also partially commissioned a 28 MW segment of its 100 MW wind project in Gujarat, taking its total commissioned capacity to 378 MW across renewable assets.
ACME Solar Holdings Ltd reported a significant rise in its consolidated net profit for the second quarter of the ongoing financial year, recording INR 115.06 crore. This marks an over seven-fold increase compared to a net profit of INR 15.2 crore during the same quarter last year. The growth was mainly driven by higher revenue generation from operational projects. Advertisement
The company?s total income during the July?September period rose to INR 601.36 crore, more than double the INR 295.14 crore recorded in the corresponding quarter of the previous year, as mentioned in a recent regulatory filing. The strong financial performance reflects the company?s expanding renewable energy portfolio and improved operational efficiency.
ACME Solar has also made progress in project execution, with the partial commissioning of 28 MW out of its 100 MW wind project in Gujarat. With this addition, the company?s cumulative commissioned capacity has reached 378 MW.
As one of India?s prominent renewable energy independent power producers, ACME Solar currently operates with a total capacity of 2,918 MW, while another 4,472 MW is under construction. This includes a Battery Energy Storage System (BESS) installation of 13.5 GWh, which further strengthens its position in the country?s clean energy transition.
Source PTI
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