Can ACME Cleantech squeeze past policy and payment woes to avoid liquidity concerns?
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Can ACME Cleantech squeeze past policy and payment woes to avoid liquidity concerns?

By Aman Malik

  • 03 Sep 2019
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Can ACME Cleantech squeeze past policy and payment woes to avoid liquidity concerns?
Credit: Reuters

Solar power developer ACME group is battling policy flip-flops, low tariffs and a payments backlog that have strained cash flow and heightened concerns about its financial position. In the latest sign of woes for Gurugram-based ACME Cleantech Solutions Pvt. Ltd, CARE Ratings Ltd changed its outlook for two of its projects ......

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