Acme Solar Holdings Ltd outlines an investment plan ₹Capital expenditures are $3200 billion to $3500 billion by 2027, according to CEO Nikhil Dhingra.
Dhingra said in an interview that the company aims to increase its energy portfolio from its current 2.5 GW to 7 GW (GW) in 2027, focusing on all-weather (RTC) renewable energy projects.
Capital expenditure push
“Basically, our capital expenditure has been divided into two phases. Until 2026, ₹170 million ₹In the year that followed, $1500-1800 billion. “By 2026, we will go from the current 2.5 gw to 5 GW, to the 2026 Phase 1 CAPEX, to 2027 7 GW to 2027 to 2027 to 2 CAPEX. ”
He said about 50% of the planned 7 GW capacity is firm renewable energy (FDRE) and hybrid projects, which is crucial for all-weather energy supply. The rest will largely include vanilla solar projects, while independent wind projects will be about 2%.
“In terms of FDRE and HYBRID, the hybrid adjustment requirement is to put a third of the wind. So we will do that. But hybrid is a small proportion of our portfolio. The FDRE proportion is larger. Our proportion is larger. We have a 750 MW hybrid project, which is about 2500 MW from Pipeline,” he added.
Its current 2.5 GW operational capacity includes the Vanilla Solar Project
He said 75-80% of the company’s ambitious capital expenditure plan will be funded through debt, and the remaining 20-25% will be equity funds, including internal accruals. “Essentially, it should be ₹600-700 billion equity requirements. ”
The company raised by the company ₹In November, the investment rate in the first phase of loan sanctions was 290 billion higher in November’s IPO ₹1.600 billion to 1.7 billion have been in place.
“We have received funding for everything we need to do until the end of 2026. We’ve been everywhere ₹We need to establish 1.6 million-1.7 million debt sanctions next year. Even some debts in 2027 are in place. ” Dhingra said.
“All equity is in place next year and in the year afterwards. Our equity sources are multiple. One is the main capital we raised through the IPO in November 2024.”
Dhingra added that construction margins and cash flow for operating projects will also be key components of its planned capital expenditure.
Financial snapshots
Acme Solar’s net debt is currently approximately ₹68 billion, another ten million ₹1,900 is cash reserves, paying the total debt to approximately ₹870 billion. The company has refinanced its debts over the past six months ₹55 billion.
The company reported consolidated net profit for the third quarter ended in December ₹The profit reported a year ago was more than double the $11.2 billion. Its total revenue is ₹4.01 million, a year-on-year increase of 10%.
Acme Solar’s stock, listed in ₹November 13, 2024, closed ₹202.70 on Friday (March 21), market value ₹122.65 billion.
