Bengaluru, Sept. 3 -- A renewable energy stock rose in trade on September 3 after the company secured a significant project order in the FDRE segment. The development, coupled with healthy quarterly earnings and expanding capacity, boosted investor sentiment and drove positive price action.

ACME Solar Holdings Ltd, with a market capitalization of Rs. 17,798.66 crore, opened at Rs. 284.25 against the previous close of Rs. 287. The stock touched an intraday high of Rs. 303.60, marking a 5.8 percent increase from the previous close.

What's the News? The company announced it has received a Letter of Award for a 50 MW Firm and Dispatchable Renewable Energy project at a tariff of Rs. 4.43 per unit. The project was part of a 250 MW FDRE tender...