Archive · 12 Nov 2025
ACME Solar's Rajasthan Project Gets AA- Rating from ICRA
Imagine a big solar power plant in the desert that ACME Solar built.
It's like a special project that a company called ICRA gives a report card on.
ICRA gave this solar plant project a really good grade, called 'AA- Stable,' for its financial health.
This good grade is like getting a thumbs up, and it helps ACME Solar borrow money for less interest.
The plant has a long-term contract to sell its electricity, which makes its income predictable.
ICRA likes that the people who own the project have lots of experience and that the company buying the electricity is reliable.
This good rating helps everyone trust that the project will do well financially.
ICRA assigned an 'AA-/Stable' rating to ACME Dhaulpur Powertech's ₹990 crore term loan.
The rating covers a 300 MW solar project in Jaisalmer, Rajasthan, operational since January 2025.
This is the second AA- rating for the project, with a previous one from CRISIL.
The rating highlights strengths like an experienced sponsor, revenue visibility, and a strong Power Purchase Agreement (PPA) with SECI.
ACME Solar Holdings has a significant renewable energy portfolio with operational and under-construction capacity.
- Who
- ACME Solar Holdings Limited and its subsidiary ACME Dhaulpur Powertech Private Limited
- What
- Received an 'ICRA AA-/Stable' rating for a ₹990 crore term loan facility
- When
- November 12, 2025
- Where
- Jaisalmer, Rajasthan
- Why
- Due to experienced sponsor, revenue visibility, strong debt coverage metrics, and reliable counterparty
- Company
- ACME Solar Holdings Limited
- Subsidiary
- ACME Dhaulpur Powertech Private Limited
- Project Size
- 300 MW
- Location
- Jaisalmer, Rajasthan
- Rating Agency
- ICRA
- Rating
- AA-/Stable
- Loan Facility
- ₹990 crore
- Power Purchase Agreement (PPA) Counterparty
- Solar Energy Corporation of India Limited (SECI)