ACME Solar arm signs 400 MW power purchase agreement with NTPC

ACME Solar Holdings Limited said in a filing with the National Stock Exchange on 28 October 2026 that its wholly owned subsidiary, ACME Marigold Urja Private Limited, has signed a power purchase agreement with NTPC Limited. The agreement covers a 400 MW firm and dispatchable renewable energy project, at a tariff of Rs 4.37 per unit, with supply scheduled to begin on 30 June 2028.

What Happened

According to the company's filing with the National Stock Exchange, ACME Marigold Urja Private Limited executed the power purchase agreement with NTPC Limited for a Firm and Dispatchable Renewable Energy (FDRE) power project. The contract capacity is 400 MW, and it falls under NTPC's FDRE Tranche 01.

The filing gives these terms:

• The order was awarded by NTPC Limited, a domestic entity, and its nature is a power purchase agreement.
• The size of the project is 400 MW of contracted capacity, at a tariff of Rs 4.37 per unit.
• The Scheduled Commencement of Supply Date is 30 June 2028.
• The project tenure is 25 years from the date supply is scheduled to commence.

The company said that neither its promoter, its promoter group nor its group companies have any interest in NTPC, the entity that awarded the contract. It also said the agreement does not fall within related party transactions. The company described the disclosure as voluntary and said the details are also available on its website.

The filing does not give a total value of the contract in rupees, and it does not state the investment the project requires.

What It Means

For shareholders in ACME Solar Holdings Limited, the filing shows that a subsidiary has secured a long-term agreement to sell power to NTPC Limited. The tariff of Rs 4.37 per unit and the 25-year tenure are the terms the company has put on record.

Supply under the agreement is not scheduled to begin until 30 June 2028, according to the filing, so the agreement describes future supply and not current output. The filing does not say how much revenue the company expects from the project, and Oquilia does not estimate it.

Readers who follow listed companies can read the company's original filing with the National Stock Exchange for the full annexure. Complaints against listed companies can be lodged at https://scores.sebi.gov.in.

Source: Company filing on NSE