Desk note · industry · Renewable power
ACME Solar Holdings said it executed a power purchase agreement with SECI on 6 October 2026 to deliver 300 MW of assured peak power backed by 1,200 MWh of storage under the FDRE-IX programme at a tariff of ₹6 per unit through subsidiary ACME Greentech Twenty.
On 20 October 2026, ACME Solar Holdings announced it had signed a power purchase agreement with the Solar Energy Corporation of India (SECI) through wholly owned subsidiary ACME Greentech Twenty Pvt Ltd. The contract covers 300 megawatts of assured peak power backed by 1,200 megawatt-hours of energy storage. It falls under SECI’s Firm and Dispatchable Renewable Energy (FDRE)-IX tranche, carries a tariff of ₹6 per unit, and took effect on 6 October 2026. The structure is meant to supply electricity when evening and night demand spikes, not only when the sun is up.
India’s renewable push is moving from lowest-cost daytime solar auctions toward projects that utilities can schedule like conventional plants. Pairing batteries with solar lets developers bid into peak slots and reduces curtailment risk when the grid is saturated at noon. For discoms, firm renewable blocks can replace part of expensive gas or coal peak generation if storage costs keep falling. For ACME, winning an FDRE tranche adds a long-dated revenue line and signals execution capability on storage integration, which is becoming a gating skill for new auctions.
If you pay industrial or commercial power bills, peak tariffs and open-access renewable contracts may increasingly include storage-backed blocks. If you follow clean-energy stocks, compare ACME’s project pipeline with peers bidding into FDRE rounds. Households still benefit indirectly through cleaner peak supply and fewer shortages on hot evenings. Watch SECI’s next FDRE auction calendars, battery cost trends, and state transmission rules that decide whether stored solar can reach load centres without curtailment.
Telecom / IPO
On 22 October 2026, exchange data showed Jio Platforms’ ₹30,213 crore issue had drawn about ₹3.73 lakh crore of total bids by late evening on Day 2, with the retail portion oversubscribed and market commentators citing diverted cash from other listed stocks during the book build.
SEBI / market infrastructure
On 22 October 2026, the Securities and Exchange Board of India proposed letting stock exchanges and depositories fund core-market and regulator-mandated initiatives without prior approval for each ticket, while keeping board oversight and financial safeguards and inviting comments until 12 November.
E-commerce / food delivery
On 22 October 2026, reporting said Flipkart is testing an internal food delivery product called Eat-in by Minutes with more than 8,000 employees in Bengaluru, using Ekart logistics as it prepares to compete with Zomato and Swiggy in meal delivery.
Digital trust / compliance
On 22 October 2026, eMudhra Ltd said its board will voluntarily withdraw from the global SSL/TLS certificate segment after a key-security incident on eight intermediate certificates, citing compliance cost and weak economics while stressing that other digital-trust services continue.
For informational purposes only. Not investment advice. Verify with filings and a licensed adviser.