ACME Solar Holdings, an India-based renewable energy company, has secured INR 1,100 crore (~$ 124.18 million) domestic funding from the State Bank of India to refinance existing debt tied to its 300 MW renewable energy project. The refinancing is expected to lower financing costs by nearly 100 basis points and provide a 17-year loan tenure. The Rajasthan plant has been operational for six months and consistently achieved optimum CUF levels, highlighting strong operational stability. The subsidiary managing the project holds a CRISIL AA- rating. ACME Solar stated that the reduced debt cost would strengthen its financial position as it pursues capacity expansion. The company reported a consolidated net profit of INR 130.83 crore (~$ 14.76 million)in Q1 FY26, compared with INR 1.39 crore (~$ 156547.25) in Q1 FY25, while revenue rose 65% year-on-year to INR 510.98 crore.