ACME Solar Holdings Limited has received a major boost in its renewable energy portfolio after being awarded a large Round-the-Clock (RTC) power project by REMC Limited. The company disclosed this development through a regulatory filing dated December 24, 2025.
Project Award Details
The project was formally awarded on December 23, 2025, and falls under the company’s ordinary course of business. As per the disclosure, ACME Solar has received a Letter of Award (LoA) for setting up a 130 MW Renewable Energy RTC power project.
Key highlights include:
Project Capacity: 130 MW
Project Type: Renewable Energy – Round-the-Clock (RTC) Power
Awarding Authority: REMC Limited
Nature of Counterparty: Domestic entity (India)
Date of Award: December 23, 2025
Project Value and Commercial Terms
The total value of the contract is approximately ₹3,200 crore, making it a significant order for the company. The commercial structure of the project is based on a fixed tariff of ₹4.35 per unit, which will be applicable for the entire project duration of 25 years.
This long-term tariff arrangement provides strong revenue visibility and stability, which is especially important for renewable energy developers.
Corporate Governance and Transparency
ACME Solar has clarified that:
The counterparty is not a listed Indian entity
The counterparty does not belong to any promoter or group company
The transaction does not qualify as a related-party transaction
These disclosures reinforce transparency and adherence to corporate governance norms.