ACME Group has joined forces with the Industrial Promotion and Investment Corporation of Odisha Limited to establish a 200 kilo tonnes per annum (KTPA) green methanol manufacturing facility in the Kendrapada district of the state of Odisha. The project will be implemented through ACME Group’s special purpose vehicle, ACME Akshya Energy.
Furthermore, the project is a part of ACME Group’s green hydrogen and ammonia business. The company is also jointly developing a large green ammonia facility in Gopalpur, Odisha, with Japan-based IHI Corporation.
Earlier in October 2025, ACME Solar Holdings inked a 25-year PPA with Tata Power-D, the distribution arm of Tata Power, for a 50 MW FDRE project.
Furthermore, in September 2025, ACME Venus Urja Private Limited, a fully owned subsidiary of ACME Solar Holdings Limited, obtained Rs 38.92 billion in project funding from the State Bank of India for the development and construction of a 400 MW firm and dispatchable renewable energy project in Rajasthan.
