ACME Solar share price jumps over 5% as arm secures ₹3,892 funding from SBI for FDRE project
Shares of ACME Solar Holdings gained 5.3% to ₹318 apiece in Thursday’s intraday trade, September 11, after its wholly owned subsidiary, ACME Venus Urja, secured long-term project funding of ₹3,892 crore from the State Bank of India for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project, with repayment spread across 19 years.
The FDRE project is being developed in Barmer, Rajasthan, and is contracted with NHPC, ACME Solar Holdings said in a statement on Thursday.
