ACME Group aims Rs 10K Cr Revenue From Solar Modulea

New Delhi: ACME Group is targeting Rs10,000 crore revenue from solar module and solar cell manufacturing business by 2030. This is part of its strategic business diversification strategy as ACME Group expands its business footprint beyond Renewable Energy generation, a statement said.

According to the statement, ACME Group is targeting Rs10,000 crore in revenue by 2030 from solar module and solar cell manufacturing business. The Gurgaon-based group has entered the renewable equipment manufacturing sector with a current investment of about Rs230 crore and a solar module manufacturing facility in Jaipur, Rajasthan, with an annual capacity of 1.2 Gigawatts.

The solar modules manufacturing facility was commissioned recently and employs more than 700 people. ACME Group plans to further scale up the manufacturing capacity as well as establish a new cell manufacturing facility under its new business entity ACME Renewable Equipment Manufacturing.

The Ministry of New and Renewable Energy's (MNRE) has included ACME Group company in the Approved List of Models and Manufacturers (ALMM), enhancing its credibility as a Solar Modules manufacturer. The exclusivity of being on the ALMM list gives ACME Group a competitive edge in securing contracts under government-backed projects and private initiatives requiring certified modules. Following the ALMM status, ACME Group will now actively bid & participate in supply agreements of solar modules for government projects.