ACME Solar Holdings, one of India's top 10 renewable energy independent power producers, experienced a significant decline in its Q2 profit. The profit dropped by 60% to Rs 15 crore, down from Rs 38.63 crore in the same period last year.
The company's total income also decreased to Rs 295.14 crore, compared to Rs 356.95 crore in the previous year. ACME Solar Holdings has a diverse portfolio that includes solar, wind, hybrid, and Firm and Dispatchable Renewable Energy (FDRE) projects. Currently, the company has an operational capacity of 2,540 MW and is constructing an additional 4,180 MW.