ACME Solar secures Rs. 1,100 crore (US$ 123.93 million) SBI funding for 300 MW project in Rajasthan | IBEF
Summary
ACME Solar Holdings secured Rs. 1,100 crore in domestic funding from SBI for its 300 MW renewable energy project in Rajasthan. The company will use the refinancing to repay existing debt and lower financing costs by about 100 basis points. The project has been operating for around six months and has maintained strong capacity utilisation. ACME Solar said the cheaper debt will support its broader expansion plans and improve its credit profile. The deal reinforces its focus on disciplined capital management across a growing renewable energy portfolio.
Funding
Amount
$123.9M
Total raised
Date
September 23, 2025
Announcement date
Investors
State Bank of India
Lead investors
Company
acmesolar.in
Funded company
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