ACME Solar Secures ₹1,100 Crore SBI Refinancing for 300 MW Rajasthan Project

This refinancing has been secured from State Bank of India (SBI) for a tenure of approximately 17 years and is consistent with the company’s strategy to optimize financing costs across its portfolio and strengthen its credit profile through rating upgrades. The Company has been able to improve its projects’ credit ratings by demonstrating strong commitment to financial discipline and stability. The reduced cost of debt enables ACME Solar to further strengthen its financial position as it pursues significant capacity growth over the next few years.