What ACME Group does

ACME Group is an Indian private renewable energy and green molecules company founded in 2009, headquartered in Gurugram, with 501–1,000 employees and operations spanning India (Odisha, Rajasthan, Andhra Pradesh, Gujarat) and Oman. The company has built an integrated business across utility-scale solar power generation (2,700 MW operational), green hydrogen and ammonia production for industrial decarbonization and export, green methanol for maritime fuel, and emerging green HBI/DRI for steel decarbonization. ACME's technology stack combines solar PV and battery energy storage with alkaline and PEM water electrolysis, Haber-Bosch ammonia synthesis, and methanol synthesis from green hydrogen and biogenic CO2, deployed at sites including the Duqm Special Economic Zone in Oman and the Gopalpur-Tata SEZ and Paradip in Odisha.

The company sells primarily through long-term binding offtake agreements (10–25 years) with government intermediaries such as SECI, Japanese industrial customers led by IHI Corporation and Mitsubishi Gas Chemical, European fertilizer majors such as Yara International, and Southeast Asian steel players such as Stavian Industrial Metal. Pricing is fixed via 25-year PPAs at Rs 2.48/kWh for solar and reverse-auction-discovered green ammonia prices of Rs 49.75–64.74/kg under the SIGHT Scheme, well below international benchmarks. The ACME-IHI joint venture has secured $5 billion in Japanese government price support (Contract for Difference subsidy and Long-Term Decarbonized Power Source Auction), and SECI's 10-year GAPA is valued at approximately Rs 20,000 crore. ACME also launched ACME Poshan, a packaged foods brand, in early 2026.

ACME's growth strategy emphasizes large-scale capital-intensive project development underpinned by government-backed offtake and price support, with committed capital exceeding $8 billion across the Odisha and Oman pipelines. The company holds a CRISIL AA-/Stable rating on ACME Solar Holdings' Rs 2,086 crore bank facilities and reports 3.5 million tons of avoided CO2 emissions and 20,000+ trees planted as sustainability outcomes.

Name

ACME Group

Legal name

ACME Group

Website

https://acme.in

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Short description

ACME Group is an Indian renewable energy company that operates 2,700 MW of solar power and produces green hydrogen, ammonia, and methanol for industrial decarbonization, exporting to Japanese, European, and Southeast Asian customers under long-term binding offtake agreements.

Ownership category

akta.pro rank

Product category

Green Hydrogen and Renewable Energy

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ), Renewable Manufacturing Materials & Subcomponents (Glass, EVA/Backsheet, Composites, Magnets) (EUAMAHAL)

Keywords

• Green hydrogen production
• Renewable energy generation
• Green ammonia manufacturing
• Green methanol exports
• Decarbonized steel feedstocks

Headquarters

HQ city

Haryana

HQ country

India

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Green Ammonia Sales (SECI/Government): ACME signs long-term Green Ammonia Purchase Agreements (GAPA) with Solar Energy Corporation of India (SECI) for supply of green ammonia to domestic fertilizer plants. ACME builds production facilities in Odisha and receives fixed contract value over 10-year tenures. Prices discovered via competitive reverse auction, at Rs 49.75-64.74 per kg, significantly below international benchmarks of ~Rs 110 per kg.
2. Green Methanol Export (Mitsubishi Gas Chemical): ACME Green Molecules signed a $1 billion binding long-term agreement to supply 100,000 tonnes of green methanol annually from its Paradip plant in Odisha to Japan's Mitsubishi Gas Chemical. First RFNBO-compliant green marine fuel collaboration by an Indian company, targeting European RFNBO market and maritime shipping decarbonization.
3. Green Ammonia Export (Japan – IHI JV): ACME-IHI joint venture exports green ammonia to Japan under 25-year CfD subsidy support and Long-Term Decarbonized Power Source Auction. Gopalpur facility exports 405,000 TPA to Japan with $5 billion in Japanese government price support, including $3 billion CfD subsidy and $2 billion LTDA backing.
4. Solar Power Generation (PPA): ACME Dhaulpur Powertech operates a 200 MW solar project in Rajasthan with a 25-year PPA with SECI at a fixed tariff of Rs 2.48 per unit. The plant maintains stable cash flow from government-backed must-run status with reliable payments.
5. Green Hydrogen/Ammonia Export (Oman): ACME's green hydrogen project in Duqm, Oman produces 100,000-400,000 tonnes per annum of green ammonia for export to European markets (Yara International) and potentially Japanese buyers. Phase 1 output fully committed under long-term offtake agreements.
6. Packaged Foods (ACME Poshan): ACME Group launched ACME Poshan brand in packaged foods, starting with snacks, protein bars, and noodles in the Delhi-NCR region. Planned to expand product portfolio significantly, targeting affordable, clean-label, high-protein foods.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

ACME Group is an Indian renewable energy company that develops and operates integrated solar power generation, green hydrogen production, green ammonia synthesis, green methanol production, and green hydrogen-based sponge iron (HBI/DRI) facilities. Its primary commercial activity is producing zero-carbon industrial feedstocks and fuels for sale under long-term (10-25 year) offtake agreements to government intermediaries (SECI), Japanese industrial customers (IHI, Mitsubishi Gas Chemical), European fertilizer majors (Yara International), and Indian fertilizer companies. The company also operates a 2,700 MW fleet of utility-scale solar power projects under PPAs with SECI and sells packaged foods under the ACME Poshan brand.

Product overview

ACME Group is a diversified renewable energy conglomerate operating across multiple business units: ACME Solar Holdings (utility-scale solar projects), Green Molecules (green hydrogen and ammonia for industrial decarbonization and export), Renewable Equipment Manufacturing (solar modules), Green HBI/DRI (decarbonized steel production using green hydrogen), and ACME Poshan (nutritional food products). The company operates through subsidiaries including Green Hydrogen and Chemicals Company (GHC) for Oman projects, and has established joint ventures with Japan's IHI Corporation for green ammonia. ACME also holds project-level SPVs like ACME Dhaulpur Powertech for operational solar assets.

Differentiator

Problem solved

Functional benefit

Brands

• ACME Solar Holdings: Large-scale solar power projects for India's clean energy transition.
• Green Molecules
• ACME Poshan
• Green HBI/DRI
• ACME Launchpad

Products and services

• Green Ammonia
• Green Methanol
• Green Hydrogen (Export)
• Utility-Scale Solar Power
• Green HBI/DRI (Sponge Iron)
• ACME Poshan Packaged Foods

Quantifiable outcome

• Avoided 3.5 million tons of carbon emissions through renewable energy operations
• +4 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core, major and minor.

• Mitsubishi Gas Chemical Company (MGC)coreStrategic or Co-development Partner · 3 July 2026ACME Green Molecules signed a binding $1 billion long-term agreement to supply 100,000 tonnes of green methanol annually from its Paradip plant in Odisha to Japan's Mitsubishi Gas Chemical. This is India's first large global RFNBO-compliant green marine fuel partnership, targeting the European RFNBO market and maritime shipping decarbonization. The agreement was announced alongside the 16th India-Japan Annual Summit and provides binding offtake certainty to improve project bankability. MGC will use the green methanol as RFNBO-compliant shipping fuel meeting EU regulations and future IMO decarbonization standards.
• Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL)majorStrategic or Co-development Partner · 3 July 2026ACME Group partnered with IPICOL (Odisha's investment promotion agency) to establish a 200 KTPA green methanol manufacturing facility in Kendrapada district, Odisha under the special project vehicle ACME Akshya Energy Pvt Ltd. The project is expected to generate more than 1,100 jobs and leverages Odisha's biogenic feedstock availability, supportive industrial policies, and low-cost green power supply to produce green methanol at globally competitive costs. IPICOL facilitates land, permits, and policy support for the project.
• Odisha State GovernmentcoreStrategic or Co-development Partner · 3 July 2026Odisha government signed a Memorandum of Cooperation with Japan's IHI Corporation and ACME Group for Rs 67,000 crore investment in clean energy and industrial development. The partnership includes green ammonia facilities at Gopalpur-Tata SEZ (Rs 20,000 crore, 405,000 TPA) and Paradip (Rs 34,000 crore, 800,000 TPA), a methanol project (Rs 12,000 crore, 200,000 TPA), and floating terminal infrastructure (Rs 1,000 crore). Expected to generate approximately 7,000 direct employment opportunities. Odisha is developing two green industrial corridors at Paradip, Kendrapara and Gopalpur as part of India's National Green Hydrogen Mission.
• IHI Corporation (Japan)coreStrategic or Co-development Partner · 30 June 2026ACME Group and IHI Corporation formed a joint venture (JV) to develop green ammonia production facilities in Odisha, India. The Gopalpur project (405,000 TPA capacity) is supported by $5 billion in Japanese government price support, including $3 billion Contract for Difference subsidy and $2 billion under Japan's Long-Term Decarbonized Power Source Auction. The JV was formed in September 2025 and targets commercial operations from September 2030. IHI provides Japanese technology expertise and market access, while ACME brings renewable energy integration capabilities and India operational expertise. The entire project output is committed to Japanese off-takers under 25-year contracts.
• Solar Energy Corporation of India (SECI)coreChannel Partner/ Reseller/ Distributor · 31 March 2026ACME Group's Green Hydrogen & Ammonia Business signed a 10-year binding Green Ammonia Purchase Agreement (GAPA) with SECI for 370,000 tonnes per annum of green ammonia, valued at approximately Rs 20,000 crore over its tenure. SECI acts as intermediary aggregator, having separately signed Green Ammonia Sale Agreements (GASA) with IFFCO, Paradeep Phosphates Ltd, India Potash Ltd, and Coromandel International Ltd for supply to six fertilizer plants across five Indian states. ACME will build a green ammonia production facility in Odisha to supply the contracted capacity. This is India's first large-scale green ammonia supply agreement under the SIGHT Scheme.
• Shuangliang Group (SLG / China)majorTechnology or Integration · 24 March 2026Shanghai-based Shuangliang Group (SLG) delivered 16 hydrogen electrolyzer units (green power-powered hydrogen production systems) for ACME Group's Oman green hydrogen project at Duqm SEZ, marking SLG's first overseas renewable energy-powered green hydrogen project. The first phase has 100,000 TPA green ammonia capacity, expandable to 900,000 TPA. China's Shuangliang already delivered 80 MW of green hydrogen production systems for the first phase, positioning SLG as a key electrolyzer technology partner.
• Yara International (Norway)coreStrategic or Co-development PartnerNorwegian fertilizer major Yara International has secured the entire first-phase output of ACME's 100,000 TPA green ammonia project in Duqm, Oman under a long-term offtake agreement, destined for the European market from early 2027. This positions ACME as Oman's first commercial-scale renewable hydrogen venture and Yara as a key European distribution channel for green ammonia as a zero-carbon fertilizer and maritime fuel.
• Sungrow Hydrogen (China)majorTechnology or IntegrationSungrow Hydrogen supplied 160 MW of alkaline water electrolysis units for ACME Group's green ammonia facility at Duqm, Oman. This was one of three simultaneous international project deliveries by Sungrow (also supplying Italy and Brazil). The delivery validates Sungrow's project execution capabilities for large-scale electrolysis systems in diverse regulatory environments.
• Stavian Industrial Metal (Vietnam)majorChannel Partner/ Reseller/ DistributorVietnam's Stavian Industrial Metal has signed a 10-year offtake agreement to purchase ACME's planned 1.2 million TPA green HBI/DRI sponge iron production. ACME is leveraging existing green hydrogen production facilities in Odisha and Oman for the project. Additional offtake discussions are ongoing with other global buyers. This partnership positions ACME to serve decarbonized steel supply chains in Southeast Asia.
• Paradeep Phosphates LtdminorChannel Partner/ Reseller/ DistributorACME Group, through ACME Cleantech Solutions, secured a Letter of Award under SIGHT Scheme Mode-2A, Tranche-I to supply 75,000 metric tonnes of green ammonia annually to Paradeep Phosphates Ltd for 10 years at Rs 55.75 per kilogram, with deliveries to commence within 36 months of GAPA signing with SECI.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Air Products: World's largest hydrogen producer, building a multi-billion-dollar green hydrogen megaproject in NEOM, Saudi Arabia. Comparable to ACME's Duqm and Gopalpur facilities in scale, technology stack (electrolysis + ammonia), and long-term offtake structures to industrial buyers.
• Iberdrola: Spanish global renewables leader with active green hydrogen and ammonia ambitions (e.g., projects in Spain, UK, Brazil). Comparable to ACME in combining utility-scale renewable generation with downstream hydrogen/ammonia export routes to European industrial off-takers.
• Engie (France): Global energy major with utility-scale renewables and large-scale green hydrogen development (e.g., green ammonia in Egypt/Morocco). Comparable to ACME in its export-oriented green-molecule strategy and renewable-hydrogen integration.

Direct peers

• ReNew Power: Major Indian renewable-energy IPP with utility-scale solar/wind capacity and recent pivots into green hydrogen and round-the-clock clean power. Mirrors ACME's utility offtake relationships and project-development model in the Indian market.
• Greenko Group: One of India's largest renewable-energy IPPs with a focus on round-the-clock (FDRE) renewable supply using solar, wind, and pumped-storage hybrids. Comparable to ACME on Indian renewable integration and the move into green molecules and storage-backed dispatchable power.
• Adani Green Energy: India's largest listed renewable-energy developer with a sizeable utility-scale solar/wind portfolio and announced ambitions in green hydrogen. Highly comparable in geography, customer type (SECI, state utilities), and the IPP-developer operating model ACME uses.
• JSW Energy: Indian power and renewables operator expanding aggressively into green hydrogen and energy storage. Competes with ACME for SECI tenders, state-level land allocations, and long-term PPAs under India's clean-energy transition.
• Reliance New Energy (Reliance Industries): Indian conglomerate scaling renewable energy, electrolyzer manufacturing, and green hydrogen under its New Energy business. Competes with ACME for Indian SIGHT allocations and global offtake opportunities with similar vertically integrated ambitions.

Others

• Ørsted: Danish offshore-wind leader expanding into green hydrogen production at industrial scale via its 'Green Fuels for Denmark and beyond' programme. Comparable as a large, project-finance-driven renewable + green hydrogen developer targeting export markets.

Emerging players

• Yara International: Norwegian fertilizer major and ACME's Duqm Phase-1 offtaker, also developing its own clean-ammonia production globally. Relevant as both a partner and parallel developer competing in the same green-ammonia supply landscape, particularly in Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ACMEGroup_India
• Facebookfacebook.com/acme.in
• LinkedInlinkedin.com/company/acme_group
• Instagraminstagram.com/acme_cleantech

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ACME Group