Desk note · industry · Renewable power
ACME Solar Holdings said it executed a power purchase agreement with SECI on 6 October 2026 to deliver 300 MW of assured peak power backed by 1,200 MWh of storage under the FDRE-IX programme at a tariff of ₹6 per unit through subsidiary ACME Greentech Twenty.
On 20 October 2026, ACME Solar Holdings announced it had signed a power purchase agreement with the Solar Energy Corporation of India (SECI) through wholly owned subsidiary ACME Greentech Twenty Pvt Ltd. The contract covers 300 megawatts of assured peak power backed by 1,200 megawatt-hours of energy storage. It falls under SECI’s Firm and Dispatchable Renewable Energy (FDRE)-IX tranche, carries a tariff of ₹6 per unit, and took effect on 6 October 2026. The structure is meant to supply electricity when evening and night demand spikes, not only when the sun is up.
India’s renewable push is moving from lowest-cost daytime solar auctions toward projects that utilities can schedule like conventional plants. Pairing batteries with solar lets developers bid into peak slots and reduces curtailment risk when the grid is saturated at noon. For discoms, firm renewable blocks can replace part of expensive gas or coal peak generation if storage costs keep falling. For ACME, winning an FDRE tranche adds a long-dated revenue line and signals execution capability on storage integration, which is becoming a gating skill for new auctions.
If you pay industrial or commercial power bills, peak tariffs and open-access renewable contracts may increasingly include storage-backed blocks. If you follow clean-energy stocks, compare ACME’s project pipeline with peers bidding into FDRE rounds. Households still benefit indirectly through cleaner peak supply and fewer shortages on hot evenings. Watch SECI’s next FDRE auction calendars, battery cost trends, and state transmission rules that decide whether stored solar can reach load centres without curtailment.
Trade policy / exports
Commerce minister Piyush Goyal said on 22 October 2026 that India’s proposed free-trade agreement with the European Union could become operational within four to five months after signing, with the deal expected to be inked before year-end during his visit to Germany.
Food delivery / quick commerce
Swiggy reported on 22 October 2026 that September-quarter revenue rose 36% to about ₹7,571 crore and the consolidated net loss narrowed to ₹922 crore, as food delivery posted record adjusted core profit of about ₹349 crore while quick-commerce Instamart lost about ₹764 crore at the segment level amid heavier discounting and 69 new dark stores.
Quick-service restaurants / consumers
KFC and Pizza Hut operator Sapphire Foods India said on 22 October 2026 that September-quarter consolidated restaurant sales rose 20% year on year to about ₹885 crore, with KFC India same-store sales up 14% and adjusted EBITDA margin expanding 100 basis points to 7.1% even as the listed stock remained far below its 52-week high.
RBI / government borrowing
On 22 October 2026, the Reserve Bank of India accepted no bids at the scheduled sale of short-dated government treasury bills, the first full cancellation in about seven months, as investors demanded higher yields amid a bond selloff, oil-linked inflation fears, and expectations of more rate hikes after October’s policy minutes.
For informational purposes only. Not investment advice. Verify with filings and a licensed adviser.