ACME has won the rights to develop 200MW of solar projects in the Indian states of Andhra Pradesh and Telangana.
The tenders were held separately bt the Solar Energy Corporation of India (SECI) and NTPC in Andhra Pradesh and Telangana, respectively.
In Andhra Pradesh, the company won the largest share in a 400MW auction, or 150 MW, at a fixed tariff of INR 4.43 ($ 0.066) per kWh in addition to viability gap funding of INR 5.5 million per MW.
ACME was awarded 50 MW in a 350MW tender held by NTPC in Telangana. The group placed a bid for a tariff of INR 4.67/kWh there for a period of 25 years.
Both the plants will be built within 13 months from the date of signing of the respective power purchase agreements (PPA) with SECI and NTPC.
ACME founder & chairman Manoj Kumar Upadhyay said: "After bagging this tender, our overall portfolio has expanded to 1519 MW.
"Through this tender, we have further consolidated our position in the country’s solar map as the leading Solar Power Developer."
The projects expand the company’s portfolio to 1,519MW, including 490MW in Telangana, 310 MW in Andhra Pradesh, 104MW in Punjab and 100MW in Rajasthan, along with projects in some other states.
The company plans to commission 960MW of projects by March 2017 and generate 7500MW by 2019.