Clean Max Enviro Energy Solutions Ltd Share Price – NSE  / BSE

Power Generation & Distribution, Small Cap

Clean Max Enviro Energy Solutions has announced a partnership with Sangam India to decarbonize its operations across Rajasthan. Sangam India is the flagship textile entity of the Sangam Group, headquartered in Bhilwara, Rajasthan.

The collaboration includes the signing of a hybrid renewable energy supply agreement to deliver 30 MWp of solar and 20 MW of wind power, augmented with a 2 MWh Battery Energy Storage System (BESS), to five Sangam facilities across Rajasthan. The power will be supplied from CleanMax's Bhikamkor hybrid farm under an intra-state group captive structure, marking a key milestone in its national expansion strategy.

Across Rajasthan, CleanMax has developed renewable energy projects at locations including Bhikamkor and Bikaner.

As of March 31, 2026, the company has 525 MW of operational capacity in the state, supporting a diverse base of corporate and industrial customers

Clean Max Enviro Energy Solutions announced the commissioning of its 185 MW hybrid renewable energy project at Kalavad, Gujarat.

The project supports the company's rapidly expanding clean energy portfolio in the state. Comprising integrated solar and wind capacity, the project has been developed over ~12 months, supplying green energy to 17 distinct corporate customers.

Kalavad adds to CleanMax's hybrid build-out in Gujarat, improving its ability to deliver more consistent renewable supply for round-the-clock industrial demand. This takes its total operational capacity in the state of Gujarat currently to ~844 MW as of 31 March 2026.

The project supplies renewable power to 17 corporate customers under the group captive model, wherein customers invest equity in the project complying with captive rules under the Electricity act, while securing long-term access to clean energy. Publicly listed companies like Apar Industries, Borosil Renewables, are among the customers of this project.

Net profit of Clean Max Enviro Energy Solutions rose 1023.98% to Rs 27.65 crore in the quarter ended December 2025 as against Rs 2.46 crore during the previous quarter ended December 2024. Sales rose 13.04% to Rs 422.46 crore in the quarter ended December 2025 as against Rs 373.73 crore during the previous quarter ended December 2024.

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Clean Max Enviro Energy Solutions has entered into a Share Purchase Agreement with Kintech Synergy and Kintech Solarbikaner on 16 March 2026 for the acquisition of 100% equity shares of Kintech Solarbikaner at an enterprise value of Rs 38 crore.

Kintech Solarbikaner is being acquired to enable growth and further development of wind-solar hybrid renewable energy capacity of the Company in the state of Gujarat.

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