ACME Solar Holdings is acquiring 100% equity of AK Renewable Infra Private Limited for an enterprise value of INR 79.25 Cr.

AK Renewable Infra specializes in developing renewable energy parks and has secured development rights for a 300 MW capacity site in Rajasthan.

This strategic move significantly enhances ACME Solar's project pipeline, accelerating project execution and commissioning.

The acquisition is expected to expedite revenue and boost profitability for ACME Solar, solidifying its position in the renewable energy sector.