ACME Solar Holdings Shares: Shares of renewable energy player ACME Solar Holdings on Monday (September 8) surged over 6 per cent after the company placed
a 2 GWh Battery Energy Storage System (BESS) order with LISHEN through Posco International Corporation--a global integrated business company headquartered in Korea--and China FAW Group Import and Export. On Monday, the stock climbed as much as 6.31 per cent, hitting an intra-day high of Rs 315 apiece on the NSE. According to the company, the newly placed order will be delivered in phases over the next six to ten months and deployed across ACME Solar’s Firm & Dispatchable Renewable Energy (FDRE) projects as well as standalone BESS projects. These projects are scheduled for commissioning over the coming 12 to 18 months, the company said.
Nikhil Dhingra, CEO of ACME Solar, said that with this latest order, ACME Solar’s cumulative BESS procurement surpasses 5 GWh, following a previous order of 3.1 GWh placed in July 2025.
"This strategic purchase will ensure the timely availability of storage systems, helping us de-risk project timelines and accelerate overall project delivery," according to Dhingra.
Jason Lee, Director of Posco International stated that this is a big step forward for us in the Indian market, which is among the most promising BESS markets globally. With this opportunity, we aim to diversify our partnership with ACME and expand our business activities in India.”
Meanwhile, Lu TianJun, General Manager of LISHEN cited that this agreement allows us to further contribute to India’s energy efficiency initiatives and establish a stronger foundation for long-term growth.”
Lishen, China’s first lithium-ion battery R&D company, has a 27-year legacy in the battery sector with an annual production capacity of 31 GWh, giving it a strong presence in the high-end global battery market.
China FAW Group Import and Export, the trading arm of China FAW Group, manages global imports and exports of vehicles, auto parts, and related technologies. FAW is one of China’s largest state-owned automotive manufacturers.
Stock ends up nearly 2%
Later, the midcap stock closed 1.75 per cent higher to Rs 301.50 apiece on the NSE.
