ACME Solar Clarifies Social Media Rumors, Confirms Minimal Impact from Localized Fire at Rajasthan Plant

Renewable energy developer ACME Solar Holdings Limited (NSE: ACMESOLAR; BSE: 544283) today issued a voluntary public media statement to clarify incorrect claims circulating on social media and digital news platforms regarding its operational infrastructure in Rajasthan.

The company explicitly denied speculative reports alleging that 13 Battery Energy Storage System (BESS) containers were severely damaged at its ACME Suryodaya BESS facility in Pokhran, Rajasthan. Management labeled these claims as "grossly incorrect," confirming that the structural integrity of the facility's core storage containers remains entirely uncompromised.

Incident Diagnosis and Containment Metrics

According to the corporate statement issued by the company's communications department, the industrial disruption was isolated and rapidly contained:

The Cause: The incident was triggered by a localized short circuit within an Insulated-Gate Bipolar Transistor (IGBT) assembly.

Actual Damage: The physical impact was strictly confined to four Power Conversion Systems (PCS). No BESS storage containers suffered any damage during the event.

Emergency Response: The localized electrical fire was promptly brought under control by ACME Solar's in-house fire safety personnel, following established industrial emergency safety protocols.

Financial Impact and Restoration Timelines

The company has assured shareholders and market analysts that the incident will have no meaningful impact on its consolidated balance sheets or near-term power delivery agreements:

Revenue Impact: The total estimated revenue loss resulting from the temporary operational halt of the affected conversion units is immaterial, pegged at approximately ₹20 Lakhs.

Turnaround Strategy: Repair and restoration protocols are already underway. The company is using its on-site inventory of components and spares to replace the damaged equipment, with full normalization expected within a week.

"We remain committed to the timely and transparent disclosure of all material information to our stakeholders. Stakeholders are requested not to rely on any information that has not been officially disclosed by the Company." - Official Media Statement, ACME Solar Holdings Limited.

Shares of ACME Solar Holdings Limited was last trading in BSE at Rs. 385.20 as compared to the previous close of Rs. 394.30. The total number of shares traded during the day was 308095 in over 4270 trades.

The stock hit an intraday high of Rs. 397.00 and intraday low of 378.10. The net turnover during the day was Rs. 119357487.00.

Source : Equity Bulls

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