India, Sept. 16 -- The Rajasthan-focused renewable energy company has hit a milestone that's been building for a while its first hybrid project, combining solar, wind and battery storage on a single site, is now partly operational. The numbers involved are modest for now, but the choice of offtakers and financing partners hints at where the next leg of growth is headed. Whether the balance of the project ships on schedule is the part still worth watching.

Shares of ACME Solar Holdings Ltd are trading at Rs. 414.35, down 1.47 percent on Wednesday. The stock touched the intraday high of Rs. 425.50 after opening at Rs. 419.45 before slipping to a low of Rs. 412.00. The company commands a market capitalization of Rs. 29,289.34 crore.

Bikan...