Mumbai, Sept. 23 -- The refinancing move is expected to reduce the project's financing cost by approximately 100 basis points.

The subsidiary, which holds a CRISIL AA- rating, will benefit from a long-term loan tenure of around 17 years. The Rajasthan-based solar project has been operational for about six months and has consistently maintained optimum capacity utilization factor (CUF) levels, reflecting strong performance and operational stability.

This refinancing initiative aligns with ACME Solar's broader strategy to optimize financing costs across its growing portfolio and to enhance its overall credit profile. The company has made significant strides in improving project-level credit ratings, demonstrating a robust commitment to fi...