CleanMax Commissions Record ~530 MW in Q1 FY27, Portfolio Rises to ~4.2 GW

1 min read     Updated on 07 Jul 2026, 08:23 AM
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Clean Max Enviro Energy Solutions achieved a record ~530 MW renewable energy commissioning in Q1 FY27, raising its total operational portfolio to ~4.2 GW. The addition spanned RE Power Sales (403 MW, including ~350 MWp Solar and ~53 MW Wind) and RE Services (126 MWp Solar) across Gujarat, Karnataka, Maharashtra, Haryana, and Chhattisgarh, with key customer wins including Meta, Apple, and CEAT.

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Clean Max Enviro Energy Solutions commissioned ~530 MW of renewable energy capacity during Q1 FY27, marking its highest-ever quarterly commissioning performance. The milestone increased the company's operational renewable energy portfolio from ~3.6 GW as of March 2026 to ~4.2 GW, reinforcing its position as India's largest renewable energy provider for the Commercial & Industrial (C&I) segment.

The record addition reflects the growing scale of corporate renewable energy adoption in India and the company's ability to execute projects at speed. Capacity additions were led by projects in Gujarat with ~170 MW, Karnataka with ~160 MW, and Maharashtra with ~110 MW, complemented by added capacities across Haryana and Chhattisgarh. The commissioning was delivered across 11 project sites in five states.

Total Operational Portfolio as on June 30, 2026

The following table summarises the operational portfolio breakdown by business segment following the Q1 FY27 commissioning:

Business Segment: Capacity
RE Power Sales ~3.5 GW
RE Services ~0.7 GW
Total Operational Portfolio ~4.2 GW

Key Operational Highlights (Q1 FY27)

The company commissioned over 500 MW of RE capacity, comprising both RE Power Sales and RE Services segments. The RE Power Sales portfolio, which forms the majority of the total operational capacity, reached ~3.5 GW following the commissioning of 403 MW during the quarter. This addition included ~350 MWp Solar and ~53 MW Wind. These projects are owned or co-owned by CleanMax, including Group Captive projects with customer equity participation, under long-term Power Purchase Agreements and Energy Attribute Purchase Agreements.

The RE Services addition included 126 MWp Solar, where CleanMax provides EPC and O&M services while assets are owned by C&I customers.

Management Commentary and Customer Wins

Mr. Kuldeep Jain, Founder and Managing Director, said that crossing 500 MW of commissioning in a single quarter reflects the scale of demand from commercial and industrial customers. He added that the focus remains on timely execution and creating long-term value for customers and shareholders.

Recent customer wins include blue-chip technology, Data & AI, and industrial companies such as Meta, Apple, STT GDC India, Iron Mountain Data Centers, Princeton Digital Group, CEAT, and GACL.

Historical Stock Returns for Clean Max Enviro Energy Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+0.29%-2.66%+3.58%+45.93%+45.93%+45.93%

Can CleanMax sustain this record quarterly commissioning pace throughout the remainder of FY27?

How will the rising demand from Data & AI customers influence the company's project pipeline and technology mix?

What is the company's strategy for capitalizing on the growing C&I market beyond the five states where Q1 projects were commissioned?

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Clean Max divests stakes in three subsidiaries for ₹1.01 lakh

1 min read     Updated on 06 Jul 2026, 04:08 PM
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Clean Max Enviro Energy Solutions approved the sale of stakes in Clean Max Ichi, Clean Max Dool, and Clean Max San for a total consideration of ₹1.01 lakh, with share purchase agreements expected by 14 August 2026.

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Clean Max Enviro Energy Solutions has approved the sale of shares in three of its wholly owned subsidiaries to external buyers. The Board of Directors sanctioned the transactions on 03 July 2026, involving the sale of 2,600 shares each in Clean Max Ichi Private Limited and Clean Max Dool Private Limited, representing 26% of their paid-up share capital. Additionally, the company will sell 4,900 shares, or 49% of the paid-up capital, in Clean Max San Private Limited. The total consideration for these transactions amounts to ₹1.01 lakh, comprising ₹26,000 each for the stakes in Clean Max Ichi and Clean Max Dool, and ₹49,000 for the stake in Clean Max San.

The buyers identified for the acquisition include entities from the Schneider Electric Group for Clean Max Ichi, Tablespace Technologies Limited for Clean Max Dool, and Willowood Industries Private Limited for Clean Max San. The disclosures confirm that none of these transactions fall under related party transactions and are conducted at arm's length. The company expects to enter into share purchase agreements for all three deals on or before 14 August 2026, with completion scheduled by the same date or as mutually agreed.

Transaction Details

The subsidiaries being divested had negligible financial contributions in the last financial year. Clean Max Ichi and Clean Max Dool reported nil turnover and negative net worths of INR -0.05 million and INR -0.09 million respectively as on 31 March 2026. Clean Max San Private Limited was incorporated on 11 April 2026 and had not commenced operations contributing to revenue or net worth.

Subsidiary Clean Max Ichi Private Limited Clean Max Dool Private Limited Clean Max San Private Limited
Stake Sold 26% 26% 49%
Sale Consideration ₹26,000 ₹26,000 ₹49,000
Buyer Schneider Electric India Private Limited and others Tablespace Technologies Limited Willowood Industries Private Limited
Turnover FY 2025-26 Nil Nil Nil
Net Worth (31 March 2026) INR -0.05 million INR -0.09 million Nil

The intimation was submitted to the exchanges in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Historical Stock Returns for Clean Max Enviro Energy Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+0.29%-2.66%+3.58%+45.93%+45.93%+45.93%

What strategic value do Schneider Electric, Tablespace, and Willowood see in acquiring stakes in subsidiaries with negligible current financials?

How will Clean Max Enviro utilize the proceeds from these divestments to support its core business operations?

Will the sale of these stakes lead to operational partnerships or joint ventures with the new stakeholders?

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