ACME Aims for Rs 10,000 Crore Revenue from Solar Gear by 2030

ACME Group has set an ambitious target to generate ?10,000 crore in the revenue by 2030 from its solar module and cell manufacturing division, the company said on Sunday. Having recently launched a 1.2 GW solar module manufacturing facility in Rajasthan, ACME Group plans to further expand this capacity in the years ahead.

The company stated that it plans to expand its manufacturing capacity by establishing a cell manufacturing facility under its new business entity, ACME Renewable Equipment Manufacturing. The group also owns ACME Solar Holdings, which operates the renewable energy growth and power generation business.

Once included in the approved list of models and manufacturers, ACME will engage in supply agreements for solar modules across government projects, renewable energy initiatives, tenders from implementing agencies, rooftop solar installations, KUSUM schemes, and export opportunities.