A Strong Q2 For ACME Solar | Battery Energy Storage System Biz A Huge Driver For Us, Says Company
CNBC-TV18 · 30 Oct 2026 · 12 min
Management interview of ACME Solar Holdings Ltd (ACMESOLAR), with 9 key numbers discussed.
- Nikhil Dhingra, Joint MD & CEO, ACME Solar Holdings
ACME Solar reported strong growth propelled by the Battery Energy Storage System (BESS) business, which contributed 32% of revenue and profit in Q2. Management expects BESS to contribute 30% to 50% of revenue over the next two years. The company is on track for its FY27 capex target of Rs 12,000-14,000 cr, having invested around Rs 6,500 cr in the first half. To manage interest rate risks on long-term infrastructure, around 65% of its borrowing is sourced from lenders with stable, non-MCLR-linked rates.