CEAT Limited has announced a significant investment in renewable energy infrastructure, committing up to ₹32.33 crores to develop approximately 59 MW hybrid wind-solar projects across Gujarat and Tamil Nadu. The Finance and Banking Committee of the Board of Directors approved this strategic initiative on January 14, 2026, marking a substantial step toward the company's sustainability objectives.

Investment Structure and Partnership Details

The tyre manufacturer has entered into Share Purchase Agreements with Clean Max Como Private Limited and Clean Max Emerald Private Limited, both Special Purpose Vehicles (SPVs) created for these renewable energy projects. CEAT will acquire up to 26% paid-up equity share capital in each SPV, working alongside Clean Max Enviro Energy Solutions Limited as the promoter shareholder.

Project Specifications and Expected Outcomes

The hybrid wind-solar projects are strategically designed to serve CEAT's key manufacturing facilities under a group captive model. The complementary generation profiles of wind and solar technologies are expected to ensure consistent energy output and higher plant load factor, enhancing grid stability for energy-intensive manufacturing operations.

Strategic Impact and Sustainability Goals

According to Roopesh R., Senior Vice President - Procurement at CEAT, this partnership strengthens the company's renewable energy footprint while advancing sustainability initiatives. The projects align with CEAT's existing efforts in green sourcing, sustainable transportation, biodegradable packaging, and sustainable manufacturing practices.

Kuldeep Jain, Managing Director of Clean Max Enviro Energy Solutions Limited, emphasized the collaboration's role in supporting CEAT's decarbonisation objectives across key manufacturing hubs. The partnership demonstrates how structured collaborations can accelerate renewable energy adoption in large-scale manufacturing.

Company Background and Market Position

Both SPVs are newly incorporated entities focused on developing, operating, and maintaining captive power generation projects. Clean Max Como Private Limited was incorporated on June 6, 2025, while Clean Max Emerald Private Limited was established on May 30, 2025, both in Mumbai. Neither entity has recorded any business turnover as they are dedicated to these specific renewable energy projects.

The investment is expected to enhance CEAT's energy security, improve operational efficiency, and contribute to significant annual carbon emission reductions, supporting the company's long-term journey toward net-zero operations. The projects comply with regulatory requirements related to captive power norms under the Electricity Act and relevant state electricity regulatory commissions.

CEAT Limited has announced the establishment of a new subsidiary in the United Kingdom, marking a significant step in the company's international expansion strategy. The Indian tyre manufacturer has formed CEAT International UK Limited as its dedicated entity in the European market.

Strategic International Expansion

The establishment of CEAT International UK Limited represents the company's focused approach to strengthening its global footprint. This new subsidiary will serve as CEAT's operational base in the United Kingdom, providing the company with direct access to the European market.

Market Positioning

The formation of this UK subsidiary aligns with CEAT's strategy to expand its international operations beyond its traditional markets. By establishing a dedicated entity in the United Kingdom, the company aims to enhance its market presence and operational capabilities in Europe.

Corporate Structure Enhancement

This development adds to CEAT's corporate structure, creating a specialized entity focused on the UK and potentially broader European operations. The subsidiary structure will enable the company to operate more effectively in the local market while maintaining its connection to the parent organization's resources and expertise.