January 27, 2015 8:10 AM ET

Real Estate Management and Development

Company Overview of ACME Group

Company Overview

ACME Group develops commercial properties and residential projects in India. The company was founded in 1976 and is based in Mumbai, India.

Acme Ghar

19, K.D.Road

Vile Parle (West)

Mumbai,  400 056

India

Founded in 1976

Phone:

91 22 2671 8883

Fax:

91 22 2671 0976

Key Executives for ACME Group

Managing Director and Director
Compensation as of Fiscal Year 2014.

ACME Group Key Developments

ACME Group Signs PPA for 30 MW Solar PV Power Projects with Chhattisgarh State Utility

ACME Group has signed the PPA for 30 MW solar PV power projects with Chhattisgarh State Power Distribution Company Limited. As per the terms and conditions of the agreement, ACME Group would provide approx. 50 mn units power annually for a period of 25 years at a tariff of INR 6.46 /KWh. This project would entail an estimated investment of approx $40 mm/INR 2,100 million. The work on the project shall commence by June 2015 and will be commissioned by December 2015. This will be evacuated by 33 K & above line connecting the power plant to nearest grid. The state is already leading in Thermal power generation by enabling effective utilization of its natural resources. The State Government now aims to promote renewable energy in a big way so as to achieve sustainable development in the state.

Acme Group Reports Earnings Results for the Year 2012

Acme group reported earnings results for the year 2012. For the period, the company's revenues were down 27% to LTL 28.913 million from LTL 39.687 million the year before. Net profit meanwhile jumped 72% to LTL 4.165 million from LTL 1.163 million.

Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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