Questions across 2 calls

Vikram Datwani

Nuvama Institutional Equities

Acme Solar Holdings Limited

Acme Solar Holdings Limited CC-Jun25.pdf · 2025-07-28

Thank you for the opportunity and congratulations on a good set of numbers. My first question is, in an FDRE project, my understanding is that when there is a partial early commissioning of a project, the power has to be offered to the procurer at 50% of P PA tariff. So the early commissioning of battery in these FDRE projects will yield us 50% of the tariff cost, is my understanding correct?

Got it. So that would actually answer my follow-up as well as to how we can play the merchant market in the early commissioning of the NHPC battery project. Okay, that answers my questions.

Techno Electric & Engineering Company Limited

Techno Electric & Engineering Company Limited CC-Mar25.pdf · 2025-05-29

Congratulations on a good set of numb ers. Two questions from my side. Sir, could you please give us your expectation of consolidated EBITDA margin for the next 2 years, considering data centers will be revenue accretive. So, how much would that impact your margins positively? That is my first question. And my second question is on the FY '27 EPS guidance. Just wanted to reconcile that INR75 figure, would that also include any monetization of assets or any arbitration awards that you're expecting? Or would that be only from business, and moneti zation will be over and above this figure?