PPA signing delays for awarded projects
Out of 93 GW awarded in FY24-25, 42 GW PPAs are pending; Acme's projects with NTPC and SJVN face delays, though management is confident of signing.
medium · analyst_questionAcme Solar Holdings Limited — Q2 FY26
Acme Solar reported a stellar Q2 FY26 with revenue of 601 crore (up 104% YoY) and EBITDA of 534 crore (up 180% YoY), driven by capacity additions and operational efficiencies.
bullish
high
Financial stats pending filing verification
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Transmission connectivity delays
The Seeker plant is operating under temporary GNA due to a delay in the connectivity line, now expected by December; similar delays could impact other projects.
medium · management_commentaryGST reduction pass-through to discoms
The 12% to 5% GST reduction on solar equipment may need to be passed on to discoms under change-in-law clauses, potentially reducing project returns.
low · analyst_questionCapex lumpiness and execution risk
Capex of 12,000 crore is back-ended; battery and module deliveries are lumpy, and any supply chain disruption could delay commissioning.
medium · data_observation