Latest news about Clean Max Enviro Energy Solutions
Clean Max Enviro Energy Solutions
1,456.90
+31.90(+2.24%)
Company Performance:
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1M-2.31%
6M+67.94%
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More news about Clean Max Enviro Energy Solutions
02Jul 26
Antique Initiates Coverage on Clean Max Enviro Energy Solutions with Accumulate Rating and Target Price of ₹1,711
Antique has initiated coverage on Clean Max Enviro Energy Solutions with an Accumulate rating and a target price of ₹1,711. The brokerage cites the company's differentiated C&I renewable energy platform that bypasses DISCOMs, strong contracted demand from data centers and AI, and regulatory resilience as key investment drivers. Antique projects the company's operational capacity to grow 2.5x to 7.8 GW by FY29, underscoring confidence in its long-term growth trajectory.
02Jul 26
Clean Max AGM on 24 Jul 2026 approves 56 resolutions
Clean Max Enviro Energy Solutions will hold its 16th AGM on 24 July 2026 via VC/OAVM to approve 56 resolutions, including material RPTs and auditor ratification. The company reported revenue of ₹1,913 crore and PAT of ₹85.58 crore for FY 2025-26.
01Jul 26
Clean Max Enviro Energy Solutions to host JP Morgan analyst meet
Clean Max Enviro Energy Solutions is set to engage with analysts and institutional investors during a virtual conference on July 6, 2026. The company will participate in the JP Morgan Data Center & AI Infrastructure: Fireside Chat, facilitating one-on-one and group meetings without disclosing unpublished price-sensitive information.
19Jun 26
Clean Max Enviro Energy Solutions hosts analyst meet on Jun 24
Clean Max Enviro Energy Solutions will participate in the GIA Promoters Conference in Mumbai on June 24, 2026, to engage with analysts and institutional investors. The company confirmed that no unpublished price-sensitive information will be disclosed during the meeting.
04Jun 26
CleanMax partners with GACL for 160 MW hybrid renewable project
Clean Max Enviro Energy Solutions Limited partnered with Gujarat Alkalies and Chemicals Limited for a 160.24 MW hybrid renewable project. The deal includes 75.90 MW wind and 84.34 MWp solar capacity to supply GACL's manufacturing units. This is CleanMax's single largest group captive deal.
27May 26
CleanMax secures $575 million for 1 GW renewable projects in Rajasthan and Karnataka
Clean Max Enviro Energy Solutions Limited secured approximately $575 million from domestic and international lenders to develop a 1 GW renewable energy portfolio in Rajasthan and Karnataka. The financing includes ECB, FCNR(B), and INR term loans, with interest rates on non-INR portfolio below 6%. The projects target large tech companies, reflecting a shift in renewable procurement for AI and data centres.
27May 26
Clean Max Enviro Energy Solutions to attend Axis Capital conference
Clean Max Enviro Energy Solutions is set to attend Axis Capital's Rising Stars Conference in Mumbai on June 2, 2026. The event aims to engage with analysts and institutional investors regarding the company's operations and outlook, with no unpublished price-sensitive information to be disclosed.
27May 26
Clean Max subsidiary commissions 351.4 MWp solar facility in Bikaner
Clean Max Enviro Energy Solutions announced that its wholly owned subsidiary, Clean Max Celestial Private Limited, commissioned a 351.4 MWp solar facility at Bikaner Solar Park on May 26, 2026. The disclosure was made to BSE and NSE under Regulation 30 of the SEBI Listing Regulations.
20May 26
Clean Max approves 48 resolutions via postal ballot
Clean Max Enviro Energy Solutions Limited shareholders approved 48 resolutions via postal ballot, including amendments to the Memorandum and Articles of Association, the appointment of Mr. Dinesh Khara as Non-Executive Independent Director, and the ratification of the Amended and Restated ESOP 2015 – Amended 2026. The scrutinizer's report confirmed the passage of all resolutions on May 19, 2026.
19May 26
CleanMax FY26 PAT Surges 340% to ₹85.6 Cr
Clean Max Enviro Energy Solutions Limited announced its audited financial results for FY26, reporting a 340% increase in consolidated PAT to ₹85.6 crore and a 28% rise in revenue to ₹1,913 crore. Operational capacity reached 3.1 GW, with a contracted portfolio of 5.7 GW, while Run-Rate EBITDA stood at ₹1,870 crore. The company provided guidance for FY26-27, targeting at least 1.5 GW of new capacity additions, all of which are already contracted at the start of the fiscal year.
15May 26
Apple India Completes Clean Max Taurus Stake Acquisition; Deal Fully Closed
Apple India Private Limited completed its equity acquisition in Clean Max Taurus Private Limited on 14 May 2026 on a private placement basis, finalizing the ~INR 100 crore co-investment agreement and ending Taurus's wholly owned subsidiary status. The deal involved the transfer of three SPVs — Clean Max Ganga, Kruger, and Sapphire — to Taurus, with post-transaction shareholding at approximately 51% for Clean Max Enviro Energy Solutions and 49% for Apple India.
13May 26
Clean Max recommends re-appointment of director for AGM
Clean Max Enviro Energy Solutions Limited's Board has recommended re-appointing Mr. Murzash Manekshana as a Non-Executive Non-Independent Director, pending shareholder approval at the 16th AGM. Mr. Manekshana, a veteran with over 28 years of experience in renewable energy and finance, is currently a managing partner at Brookfield Advisors India Private Limited.
29Apr 26
Clean Max Enviro Energy Solutions Receives Income Tax Assessment Order for AY 2023-24
Clean Max Enviro Energy Solutions received an assessment order from the Income Tax Department for AY 2023-24 with a demand of INR 6,77,99,430. The order, received on 27 April 2026, relates to certain additions and disallowances under various sections of the IT Act. The company plans to appeal and believes there is no material impact on its financials or operations.
29Apr 26
Clean Max Enviro Energy Solutions Issues Q3 FY2026 Addendum Addressing Maharashtra Banking Norms and ToD Tariff Impact
Clean Max Enviro Energy Solutions Limited has issued an addendum to its Q3 FY2026 shareholders' letter dated March 18, 2026, addressing investor queries regarding potential regulatory changes in Maharashtra and other states. The addendum specifically analyses the impact of proposed restrictions on solar energy banking norms and the introduction of Time-of-Day (ToD) tariffs. The company conducted a comprehensive analysis across its operational portfolio of over 570 customers and 1,200+ PPAs, concluding that the worst-case EBITDA impact remains approximately 1.5% under a conservative retrospective stress test scenario.
The analysis reveals that 48% of the company's portfolio run-rate revenue of INR 2,162 crore, comprising onsite solar, CTU-connected capacity, and STU Third Party Open Access capacity, remains unaffected by the proposed regulations. The impact is concentrated in the STU Group Captive segment, which represents 52% of run-rate revenue. The company's wind-solar hybrid offerings provide a competitive advantage, with hybrid customers remaining largely unaffected due to the complementary generation patterns across different time slots. The Minimum Savings Guarantee (MSG) impact on the operational portfolio is expected to be nil, as hybrid customers see reduced daytime solar savings compensated by peak slot savings, and solar-only states have sufficient margin of safety in contract thresholds.
22Apr 26
CleanMax Secures 30 MW Hybrid Renewable Power Contract with Shell in India
Clean Max Enviro Energy Solutions Limited has secured a significant partnership with Shell to develop 30 MW of hybrid renewable energy projects across Gujarat and Karnataka. The collaboration includes two major installations: a 16.83 MW hybrid plant combining 6.93 MWp solar and 9.90 MW wind capacity to power Shell's LNG terminal at Hazira, and a 13.20 MW hybrid plant with 9.90 MWp solar capacity in Jagalur and 3.30 MW wind capacity in Honawad to serve Shell's Technology Centre in Bengaluru. Both projects will operate under the group-captive model and are expected to generate approximately 66,832 MWh of renewable energy annually.
18Apr 26
Clean Max Seeks Shareholder Approval for 48 Resolutions via Postal Ballot
Clean Max Enviro Energy Solutions Limited announced a postal ballot notice dated 17 April 2026 seeking shareholder approval for 48 resolutions through remote e-voting from 18 April to 17 May 2026. The proposals include constitutional amendments, appointment of Mr. Dinesh Khara as Non-Executive Independent Director, ratification of ESOP scheme 2015 amended 2026, and 42 material related party transactions with subsidiaries and associates. The company reported annual consolidated turnover of INR 1,495.70 crore for FY 2024-25, with a materiality threshold of INR 149.5 crore for related party transactions.
16Apr 26
Clean Max Enviro Energy Solutions Board Approves Amendment to MOA and AOA
Clean Max Enviro Energy Solutions Limited's board approved amendments to MOA and AOA on April 16, 2026, expanding business scope to include carbon removal projects, environmental consulting services, and carbon credit trading. The MOA modifications introduce new sub-clauses covering sustainability consulting, power plant operations, and renewable energy certificate trading, while AOA changes incorporate Inter Se Agreement provisions and remove existing sections.
15Apr 26
Clean Max Enviro Energy Solutions Files Quarterly Compliance Certificate for Q4FY26
Clean Max Enviro Energy Solutions Limited filed its Q4FY26 compliance certificate with BSE and NSE, confirming adherence to SEBI regulations. The company's registrar MUFG Intime India confirmed that all shares remain in demat form with no rematerialisation requests during the quarter. Company Secretary Ullash Parida submitted the filing on 15 April 2026, maintaining regulatory compliance and transparency.
15Apr 26
Clean Max: Expands Rajasthan Footprint To Decarbonize Industry, Partnering With Sangam India For 30 MW Solar And 20 MW Wind Hybrid Projects
CleanMax Enviro Energy Solutions has announced a strategic partnership with Sangam India Limited to deliver a comprehensive 50 MW hybrid renewable energy project in Rajasthan. The project combines 30 MWp solar capacity, 20 MW wind power, and 2 MWh battery storage to provide round-the-clock clean energy to five Sangam textile facilities across the state, reinforcing CleanMax's expansion strategy in India's renewable energy sector.
13Apr 26
HSBC Initiates Buy Rating on CleanMax Enviro Energy Solutions with Target Price ₹1,150
HSBC has initiated Buy coverage on CleanMax Enviro Energy Solutions with ₹1,150 target price, highlighting the company's leadership in C&I renewable energy. The brokerage cited strong demand driven by green power being 30-45% cheaper than grid electricity and expects robust ~60% EBITDA CAGR over FY26-28, reflecting the company's strong market positioning.
07Apr 26
CleanMax Commissions 185 MW Wind-Solar Hybrid Project in Kalavad, Gujarat
Clean Max Enviro Energy Solutions Limited commissioned a 185 MW wind-solar hybrid project in Kalavad, Gujarat, expected to add upwards of ₹165 crore annually to revenue in FY2027. The project serves 17 corporate customers under the group captive model with 25-year fixed-tariff PPAs, bringing the company's total Gujarat capacity to ~844 MW and overall operational capacity to 3.10 GW as of March 31, 2026. Gujarat contributed ₹3,426 million in FY 2024-25, representing 30% of renewable energy power sale revenue, while the project is expected to offset ~3.61 lakh tonnes of CO₂ emissions annually.
03Apr 26
Clean Max Enviro Energy Solutions to Sell Subsidiary to Hindustan Coca-Cola Beverages for ₹35,000
Clean Max Enviro Energy Solutions Limited announced the sale of its wholly owned subsidiary Clean Max Ahhope Private Limited to Hindustan Coca-Cola Beverages Private Limited for ₹35,000. The Board approved the transaction on 3 April 2026, with completion expected by 15 May 2026. The subsidiary, incorporated in October 2025, has not contributed to the parent company's financial performance. This arm's length transaction does not involve related parties and complies with SEBI listing regulations.
03Apr 26
Clean Max Enviro Energy Solutions Completes Early Redemption of ₹499 Crore Non-Convertible Debentures
Clean Max Enviro Energy Solutions Limited completed the early redemption of 4,990 non-convertible debentures worth ₹499 crore on April 2, 2026, ahead of the June 8, 2027 maturity date. The company paid the full principal amount along with net interest of ₹30.86 lakh and TDS of ₹3.21 lakh. The premature redemption was executed with proper regulatory approvals from debenture holders and trustees, demonstrating strong financial management and commitment to debt obligations.
01Apr 26
Clean Max: Co-Operates With STT GDC India To Scale Renewable Energy Partnership Beyond 130 MW For India's AI-Ready Digital Infrastructure
Clean Max Enviro Energy Solutions Limited has expanded its renewable energy partnership with STT GDC India beyond 130 MW capacity, adding 21 MWp solar capacity to support AI-ready digital infrastructure. The collaboration includes STT GDC's 26% equity investment in renewable projects and covers data centres across Tamil Nadu and Maharashtra with round-the-clock hybrid wind-solar power supply.
27Mar 26
Clean Max Issues Additional Corporate Guarantees Worth ₹172 Crores for Two Subsidiaries
Clean Max Enviro Energy Solutions has issued corporate guarantees totaling ₹172 crores for two subsidiaries on March 26, 2026, adding to the ₹341.85 crores previously approved for seven other subsidiaries on March 24. The combined guarantee commitments now total ₹513.85 crores across nine subsidiary companies, all issued on arm's length basis with no promoter interest.
23Mar 26
Clean Max Publishes Q3 FY26 Earnings Call Transcript and Financial Results
Clean Max Enviro Energy Solutions released Q3 FY26 financial results and earnings conference call transcript, demonstrating strong performance with consolidated revenue of ₹4,662.82 million, standalone revenue of ₹16,119.19 million, and 33% EBITDA growth. The company reported 5.7 GW of contracted renewable energy capacity representing 3x growth over two years, with management providing guidance of 1.5 GW capacity addition for FY27.
18Mar 26
Clean Max Enviro Energy Solutions Updates Corporate Identification Number Following Stock Exchange Listing
Clean Max Enviro Energy Solutions Limited has updated its Corporate Identification Number from 'U93090MH2010PLC208425' to 'L93090MH2010PLC208425' following its listing on NSE and BSE on 02 March 2026. The Ministry of Corporate Affairs has changed the company's status from 'Unlisted' to 'Listed', with the notification sent to stock exchanges on 18 March 2026 by Company Secretary Ullash Parida.
18Mar 26
Clean Max Enviro Energy Solutions Secures Major Sales Contract for 5,700 MW Capacity
Clean Max Enviro Energy Solutions has secured a major sales contract for 5,700 MW capacity, representing a significant business milestone for the renewable energy company. This substantial contract demonstrates the company's growing market presence and ability to execute large-scale energy projects in the clean energy sector.
18Mar 26
Clean Max Enviro Targets Over 1.5 GW Power Sales Capacity Addition in FY 2026-2027
Clean Max Enviro Energy Solutions has revealed plans to increase its power sales capacity by over 1.5 GW in FY 2026-2027, as outlined in the company's investor presentation. This significant expansion initiative demonstrates the renewable energy firm's commitment to scaling operations and strengthening its position in India's clean energy sector.
17Mar 26
Clean Max Enviro Energy Solutions Announces Board Changes with New Director Appointment
Clean Max Enviro Energy Solutions announced board changes with Dinesh Khara's appointment as Independent Director and Arijit Basu's resignation due to regulatory compliance. The changes were approved during the March 17, 2026 board meeting with proper stock exchange notifications filed.
17Mar 26
Clean Max Enviro: Will Acquire Kintech Solarbikaner For ₹38 Crore To Boost Hybrid Renewable Energy Capacity
Clean Max Enviro Energy Solutions Limited has entered into a Share Purchase Agreement to acquire 100% equity stake in Kintech Solarbikaner Private Limited for ₹38 crore. The cash consideration deal aims to boost the company's wind-solar hybrid renewable energy capacity and strengthen its presence in Gujarat, with transaction completion scheduled by 31 March 2026.
12Mar 26
CleanMax Solar Solutions Announces Early Redemption of INR 499 Crore Debentures
CleanMax Solar Solutions Limited announced early redemption of 4,990 non-convertible debentures worth INR 499,00,00,000 scheduled for April 2, 2026. The company will use IPO proceeds to prepay nine institutional investors including Allianz Global Investors, Nomura Capital, and IL&FS Infrastructure Debt Funds. Total redemption amount includes INR 34,06,782 in accrued interest with record date set for March 18, 2026.
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