The company is expected to commission 1.1 GW in FY27, 2 GW in FY28, 2.95 GW in FY29 and another 1.75 GW in FY30, according to estimates by Axis Capital
ACME Solar had gained 76.11 per cent, and Adani Green Energy was up 22.41 per cent. In contrast, Inox Wind had fallen 45.75 per cent, Suzlon Energy 28.34 per cent and Waaree Energies 21.40 per cent
The capacity has been commissioned through ACME Greentech Seventh Private Limited, a wholly owned subsidiary of ACME Solar
The proposed IPO will comprise entirely fresh shares, with parent Sembcorp Industries not selling any stake through the offering
IIFCL will be the sole lender for the project, with the financing carrying a repayment tenor of 19 years
According to the company, the transaction has reduced borrowing costs by about 150 basis points across the issuing SPVs
