ACME Solar Holdings Ltd is basking in the spotlight as its shares surged nearly 5%, following the commissioning of an additional 90 MW of solar capacity in Rajasthan. This latest achievement pushes the company’s total operational renewable generation capacity to an impressive 2,453 MW, reinforcing its position as a key player in India’s green energy push. This follows the December 2024 announcement of 1,023.05 MW of solar projects coming online, demonstrating the company’s steady march towards renewable energy leadership. To add to the momentum, ACME secured ₹1,988 crore in financing from Power Finance Corporation for a 300 MW solar-wind hybrid project, blending solar capacity in Bikaner with wind energy from Bhuj. Expected to go live by June 2025, this hybrid project already has a power purchase agreement with NTPC, signaling strong commercial viability. On the market front, ACME shares hit a day’s high of ₹241.00, up 4.8%, signaling growing investor optimism. Although the stock remains 17% below its all-time high of ₹292.00 from December 2024, it has rebounded 7.5% from a 52-week low of ₹224.00, logged in late December. Despite being listed at a 13% discount to its IPO price of ₹289 in November 2024, the company’s consistent project execution and financial discipline are gradually reshaping market sentiment.