ACME Solar has won a major contract to supply 130 MW of round-the-clock renewable energy to Indian Railways. The company placed the winning bid at ₹4.35 per unit in an e-reverse auction held under REMC’s 1,000 MW RTC renewable energy tender. The official Letter of Award is expected soon.
Despite the big win, ACME Solar’s stock has had a rough month. Shares have fallen 18% in the last 30 days, wiping out all gains made this year, even as the Sensex has risen nearly 9% in 2025.
The power supplied under this project will go directly to Indian Railways, which needs steady and reliable electricity throughout the day to support operations. The tariff discovered in the bidding shows how a mix of solar, wind, and energy storage can deliver dependable green power at competitive rates.
As per the tender rules, ACME must ensure uninterrupted power using dispatchable sources and energy storage systems. The company must achieve at least 75% annual availability for the first three years and 85% afterward. This will require extra solar and battery capacity, supported by wind power to maintain stability.
The project must be completed within 30 months from the signing of the PPA. ACME says it already has land and transmission connectivity ready at multiple sites, which will speed up development.
ACME Solar currently operates 2,934 MW of contracted renewable capacity and is building another 4,456 MW, including 13.5 GWh of battery storage. The company says it can deliver high-performance projects on time and at lower costs with in-house EPC, O&M, and strong execution capability.
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