Mumbai, Nov. 2 -- ACME Solar Holdings has announced that its wholly owned subsidiary, ACME Marigold Urja, has signed a Power Purchase Agreement (PPA) with NTPC for a 400 MW firm and dispatchable renewable energy project. The agreement was disclosed in a filing dated 28 October 2026 under Regulation 30 of the Securities and Exchange Board of India's listing regulations.
The project has been awarded under NTPC's Firm and Dispatchable Renewable Energy (FDRE) Tranche 01. It will involve a contracted capacity of 400 MW and has been classified as a domestic contract for the development and supply of renewable power.
The scheduled commencement of supply date is 30 June 2028. The project tenure will extend for 25 years from the scheduled commencement of supply date, according to details provided in the company's regulatory filing.
The contracted tariff has been set at Rs. 4.37 per unit. The filing did not disclose an aggregate order value, but identified the project size as 400 MW of contracted capacity under the PPA with NTPC.
ACME Solar Holdings said neither its promoter, promoter group nor group companies had any interest in NTPC. It also stated that the agreement would not fall under related-party transactions. The company described the filing as a voluntary disclosure and said the information would be available on its website. The announcement was signed by Rajesh Sodhi, company secretary and compliance officer.
Published by HT Digital Content Services with permission from Construction World.