admin.renewableobserver.com

Blog

  • DCM Shriram Reports 9% Revenue Growth and 12% Increase in PBDIT in Q1 FY27 on Consolidated Basis

    DCM Shriram Ltd announced its financial results for the first quarter ended June 30, 2026, reporting resilient performance despite a challenging global operating environment marked by geopolitical uncertainties, supply chain disruptions and an erratic start to the southwest monsoon. 

    For Q1 FY27, the Company reported Net Revenue (Net of excise duty) of ₹3,564 crore, up 9% year-on-year, while PBDIT increased 12% to ₹364 crore. Profit After Tax (PAT) stood at ₹693 crore, compared to ₹114 crore in the corresponding quarter last year. PAT includes positive tax adjustment of Rs 474.3 crores on account of favorable judgements from Income Tax authority relating to previous years and one-time exceptional items of Rs. 79.4 crores of profit on sale of land and stake sale for JV formation. Excluding these, the effective normal PAT for the quarter was ₹147 crore. 

    The increase in revenues was contributed by chemicals (up by 33% YoY) and Fenesta Building Systems (up by 22% YoY). The increase in PBDIT was contributed by the Chemicals & Vinyl segment (up by 30%).

    Commenting on the performance for the quarter ending June 2026, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director and Mr. Vikram Shriram, Vice Chairman & Managing Director, said, “The first quarter of FY27 tested the global economy with complex mix of geopolitical uncertainties. The ongoing West Asia crisis has disrupted supply chains and energy markets, leading to renewed inflationary pressures and cementing expectations of a prolonged higher interest rate environment. Domestically, we have also faced a highly erratic start to the southwest monsoon, which has placed temporary pressure on rural consumption. However, the broader Indian industrial narrative remains robust, supported by strong domestic fundamentals.

    The Chemicals business delivered a resilient performance despite a challenging global environment. Domestic caustic soda demand remained healthy, while advanced materials operations continued to contribute with steadily improving utilization rates. Our downstream integration initiatives remain on track, with Aluminum Chloride and Calcium Chloride projects under pre-commissioning trials, further strengthening the portfolio and driving long-term value creation.

    The Sugar and Ethanol businesses are stable with lower domestic sugar inventories. Global sugar deficit has led to increase in global prices. However, the long-term viability of the sector, particularly the ethanol blending ecosystem, still requires decisive and sustained government policy interventions regarding feedstock pricing and alternate usage mandates.

    Our consumer-facing businesses continued to strengthen their market position during the quarter. Fenesta Building Systems delivered healthy volume-driven growth while Shriram Farm Solutions effectively managed inventory and supply chain logistics to successfully navigate a challenging monsoon-led environment.

    With our major capex cycles transitioning into the commissioning phase, we are focused on capacity ramp-up, deep value-chain integration, and disciplined capital allocation. Our balance sheet remains strong, giving us resilience from external volatility and enabling us to pursue growth. Sustainability remains embedded in our growth strategy; by focusing on responsible resource utilization and driving energy efficiencies across our manufacturing footprint.” 

  • ACME Solar Raises INR 3,404.57 Crore Project Funding for ACME Urja One 250 MW FDRE Project from PFCL

    ACME Solar Raises INR 3,404.57 Crore Project Funding for ACME Urja One 250 MW FDRE Project from PFCL

    ACME Solar Holdings Ltd (ACME Solar) has secured INR 3,404.57 crore long-term project funding for its ACME Urja One Pvt Ltd (Phase – III) 250 MW FDRE project from Power Finance Corporation Limited (PFC) for the development & construction of the project. PFC will serve as the sole financer for this project with a repayment tenor of 19 years.  

    The current funding milestone takes the overall project funding raised by the company during this fiscal to Rs 6,051 crores.  The PPA for this project was signed with NHPC Limited for a period of 25 years at a tariff of INR 4.33/unit. The tariff is already approved and adopted by Central and State Regulator.

    The ACME Urja One (Phase-III) FDRE project combines multiple renewable energy technologies including Solar, Wind and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. It spans across Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat with necessary land and connectivity already in place. The development of this project is progressing on schedule and is expected to be commissioned next year.

    ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under construction contracted capacity of 5,080 MW. The under construction PPA signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

  • ACME Solar Raises INR 3,404.57 Crore Project Funding for ACME Urja One 250 MW FDRE Project from PFCL

    ACME Solar Raises INR 3,404.57 Crore Project Funding for ACME Urja One 250 MW FDRE Project from PFCL

    ACME Solar Holdings Ltd (ACME Solar) has secured INR 3,404.57 crore long-term project funding for its ACME Urja One Pvt Ltd (Phase – III) 250 MW FDRE project from Power Finance Corporation Limited (PFC) for the development & construction of the project. PFC will serve as the sole financer for this project with a repayment tenor of 19 years.  

    The current funding milestone takes the overall project funding raised by the company during this fiscal to Rs 6,051 crores.  The PPA for this project was signed with NHPC Limited for a period of 25 years at a tariff of INR 4.33/unit. The tariff is already approved and adopted by Central and State Regulator.

    The ACME Urja One (Phase-III) FDRE project combines multiple renewable energy technologies including Solar, Wind and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. It spans across Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat with necessary land and connectivity already in place. The development of this project is progressing on schedule and is expected to be commissioned next year.

    ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under construction contracted capacity of 5,080 MW. The under construction PPA signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

  • ACME Solar Raises INR 3,404.57 Crore Project Funding for ACME Urja One 250 MW FDRE Project from PFCL

    ACME Solar Raises INR 3,404.57 Crore Project Funding for ACME Urja One 250 MW FDRE Project from PFCL

    ACME Solar Holdings Ltd (ACME Solar) has secured INR 3,404.57 crore long-term project funding for its ACME Urja One Pvt Ltd (Phase – III) 250 MW FDRE project from Power Finance Corporation Limited (PFC) for the development & construction of the project. PFC will serve as the sole financer for this project with a repayment tenor of 19 years.  

    The current funding milestone takes the overall project funding raised by the company during this fiscal to Rs 6,051 crores.  The PPA for this project was signed with NHPC Limited for a period of 25 years at a tariff of INR 4.33/unit. The tariff is already approved and adopted by Central and State Regulator.

    The ACME Urja One (Phase-III) FDRE project combines multiple renewable energy technologies including Solar, Wind and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. It spans across Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat with necessary land and connectivity already in place. The development of this project is progressing on schedule and is expected to be commissioned next year.

    ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under construction contracted capacity of 5,080 MW. The under construction PPA signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

  • ACME Solar Raises INR 3,404.57 Crore Project Funding for ACME Urja One 250 MW FDRE Project from PFCL

    ACME Solar Raises INR 3,404.57 Crore Project Funding for ACME Urja One 250 MW FDRE Project from PFCL

    ACME Solar Holdings Ltd (ACME Solar) has secured INR 3,404.57 crore long-term project funding for its ACME Urja One Pvt Ltd (Phase – III) 250 MW FDRE project from Power Finance Corporation Limited (PFC) for the development & construction of the project. PFC will serve as the sole financer for this project with a repayment tenor of 19 years.  

    The current funding milestone takes the overall project funding raised by the company during this fiscal to Rs 6,051 crores.  The PPA for this project was signed with NHPC Limited for a period of 25 years at a tariff of INR 4.33/unit. The tariff is already approved and adopted by Central and State Regulator.

    The ACME Urja One (Phase-III) FDRE project combines multiple renewable energy technologies including Solar, Wind and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. It spans across Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat with necessary land and connectivity already in place. The development of this project is progressing on schedule and is expected to be commissioned next year.

    ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under construction contracted capacity of 5,080 MW. The under construction PPA signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

  • ACME Solar Raises INR 3,404.57 Crore Project Funding for ACME Urja One 250 MW FDRE Project from PFCL

    ACME Solar Raises INR 3,404.57 Crore Project Funding for ACME Urja One 250 MW FDRE Project from PFCL

    ACME Solar Holdings Ltd (ACME Solar) has secured INR 3,404.57 crore long-term project funding for its ACME Urja One Pvt Ltd (Phase – III) 250 MW FDRE project from Power Finance Corporation Limited (PFC) for the development & construction of the project. PFC will serve as the sole financer for this project with a repayment tenor of 19 years.  

    The current funding milestone takes the overall project funding raised by the company during this fiscal to Rs 6,051 crores.  The PPA for this project was signed with NHPC Limited for a period of 25 years at a tariff of INR 4.33/unit. The tariff is already approved and adopted by Central and State Regulator.

    The ACME Urja One (Phase-III) FDRE project combines multiple renewable energy technologies including Solar, Wind and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. It spans across Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat with necessary land and connectivity already in place. The development of this project is progressing on schedule and is expected to be commissioned next year.

    ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under construction contracted capacity of 5,080 MW. The under construction PPA signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

  • ACME Solar Raises INR 3,404.57 Crore Project Funding for ACME Urja One 250 MW FDRE Project from PFCL

    ACME Solar Holdings Ltd (ACME Solar) has secured INR 3,404.57 crore long-term project funding for its ACME Urja One Pvt Ltd (Phase – III) 250 MW FDRE project from Power Finance Corporation Limited (PFC) for the development & construction of the project. PFC will serve as the sole financer for this project with a repayment tenor of 19 years.  

    The current funding milestone takes the overall project funding raised by the company during this fiscal to Rs 6,051 crores.  The PPA for this project was signed with NHPC Limited for a period of 25 years at a tariff of INR 4.33/unit. The tariff is already approved and adopted by Central and State Regulator.

    The ACME Urja One (Phase-III) FDRE project combines multiple renewable energy technologies including Solar, Wind and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. It spans across Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat with necessary land and connectivity already in place. The development of this project is progressing on schedule and is expected to be commissioned next year.

    ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under construction contracted capacity of 5,080 MW. The under construction PPA signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

  • ACME Solar Raises INR 3,404.57 Crore Project Funding for ACME Urja One 250 MW FDRE Project from PFCL

    ACME Solar Holdings Ltd (ACME Solar) has secured INR 3,404.57 crore long-term project funding for its ACME Urja One Pvt Ltd (Phase – III) 250 MW FDRE project from Power Finance Corporation Limited (PFC) for the development & construction of the project. PFC will serve as the sole financer for this project with a repayment tenor of 19 years.  

    The current funding milestone takes the overall project funding raised by the company during this fiscal to Rs 6,051 crores.  The PPA for this project was signed with NHPC Limited for a period of 25 years at a tariff of INR 4.33/unit. The tariff is already approved and adopted by Central and State Regulator.

    The ACME Urja One (Phase-III) FDRE project combines multiple renewable energy technologies including Solar, Wind and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. It spans across Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat with necessary land and connectivity already in place. The development of this project is progressing on schedule and is expected to be commissioned next year.

    ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under construction contracted capacity of 5,080 MW. The under construction PPA signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

  • PM Surya Ghar Yojana Crosses 39.7 Lakh Rooftop Solar Installations, Nearly 19 Lakh Households Report Zero Electricity Bills

    PM Surya Ghar Yojana Crosses 39.7 Lakh Rooftop Solar Installations, Nearly 19 Lakh Households Report Zero Electricity Bills

    India’s flagship PM Surya Ghar: Muft Bijli Yojana has achieved a major milestone, with 39,72,447 rooftop solar (RTS) systems installed across the country, benefiting 48,02,717 households as of 22 July 2026. The scheme continues to accelerate residential solar adoption by combining higher financial assistance, affordable financing, and innovative implementation models to make rooftop solar accessible to households across different income groups.

    To improve affordability, the government has introduced higher Central Financial Assistance (CFA) for the first 2 kWp of rooftop solar capacity under the scheme. In addition, beneficiaries can avail collateral-free loans from nationalised banks at a concessional interest rate of repo rate plus 50 basis points, which currently works out to 5.75% per annum, with a repayment tenure of 10 years. The scheme also incorporates the Renewable Energy Service Company (RESCO) and Utility-Led Aggregation (ULA) models to encourage wider participation and faster deployment of rooftop solar systems.

    The programme has witnessed strong financial support from the government over the past three financial years. Budgetary allocations have increased significantly to support the rapid expansion of rooftop solar installations, reflecting the government’s commitment to promoting clean energy adoption and reducing household electricity costs. As of 22 July 2026, expenditure under the scheme for FY 2026-27 had already crossed ₹10,392 crore, demonstrating steady implementation progress.

    The growing number of rooftop solar installations has translated into tangible benefits for consumers. According to the government, electricity bills have reduced substantially for households that have installed rooftop solar systems under the scheme. Notably, more than 18.93 lakh households have reported receiving zero electricity bills during certain months, depending on their electricity consumption and self-generation levels. This highlights the scheme’s role in lowering household energy expenses while promoting distributed renewable energy generation.

    The information was shared by Union Minister of State for New and Renewable Energy, Shri Shripad Yesso Naik, in a written reply in the Rajya Sabha, underscoring the government’s continued focus on expanding rooftop solar adoption as part of India’s clean energy transition and energy security goals.

  • PM Surya Ghar Yojana Crosses 39.7 Lakh Rooftop Solar Installations, Nearly 19 Lakh Households Report Zero Electricity Bills

    PM Surya Ghar Yojana Crosses 39.7 Lakh Rooftop Solar Installations, Nearly 19 Lakh Households Report Zero Electricity Bills

    India’s flagship PM Surya Ghar: Muft Bijli Yojana has achieved a major milestone, with 39,72,447 rooftop solar (RTS) systems installed across the country, benefiting 48,02,717 households as of 22 July 2026. The scheme continues to accelerate residential solar adoption by combining higher financial assistance, affordable financing, and innovative implementation models to make rooftop solar accessible to households across different income groups.

    To improve affordability, the government has introduced higher Central Financial Assistance (CFA) for the first 2 kWp of rooftop solar capacity under the scheme. In addition, beneficiaries can avail collateral-free loans from nationalised banks at a concessional interest rate of repo rate plus 50 basis points, which currently works out to 5.75% per annum, with a repayment tenure of 10 years. The scheme also incorporates the Renewable Energy Service Company (RESCO) and Utility-Led Aggregation (ULA) models to encourage wider participation and faster deployment of rooftop solar systems.

    The programme has witnessed strong financial support from the government over the past three financial years. Budgetary allocations have increased significantly to support the rapid expansion of rooftop solar installations, reflecting the government’s commitment to promoting clean energy adoption and reducing household electricity costs. As of 22 July 2026, expenditure under the scheme for FY 2026-27 had already crossed ₹10,392 crore, demonstrating steady implementation progress.

    The growing number of rooftop solar installations has translated into tangible benefits for consumers. According to the government, electricity bills have reduced substantially for households that have installed rooftop solar systems under the scheme. Notably, more than 18.93 lakh households have reported receiving zero electricity bills during certain months, depending on their electricity consumption and self-generation levels. This highlights the scheme’s role in lowering household energy expenses while promoting distributed renewable energy generation.

    The information was shared by Union Minister of State for New and Renewable Energy, Shri Shripad Yesso Naik, in a written reply in the Rajya Sabha, underscoring the government’s continued focus on expanding rooftop solar adoption as part of India’s clean energy transition and energy security goals.