Shares of ACME Photo voltaic Holdings Ltd surged 3% to the touch a day’s excessive of Rs 315 on eighth September. This occurred after the agency introduced it had positioned an order for two GWh of Battery Power Storage System (BESS) with main international power provider Chuzhou Lishen New Power Expertise Co., Ltd. The order was positioned by way of POSCO Worldwide Company and China FAW Group Import and Export Co., Ltd.
The two GWh BESS order can be delivered in phases over the subsequent six to 10 months. Will probably be deployed throughout ACME Photo voltaic’s FDRE (Agency & Dispatchable Renewable Power) and standalone BESS tasks. The tasks are scheduled for commissioning over 12–18 months.
With this order, ACME Photo voltaic’s complete BESS procurement surpasses 5 GWh, following a 3.1 GWh order positioned in July 2025. CEO Nikhil Dhingra stated the acquisition will guarantee well timed BESS availability, assist de-risk venture timelines, and speed up total venture supply.
Jason Lee, Director of POSCO Worldwide, stated the deal strengthens their presence in India, one of many world’s most promising BESS markets. Lu TianJun, Common Supervisor of Lishen, added that the settlement will assist power effectivity initiatives in India. It can additionally construct a basis for long-term development.
At 2:35 PM, the shares of ACME Photo voltaic have been buying and selling 2.97% larger at Rs 305.10 on NSE.
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