Clean Max Enviro Energy Solutions Limited has informed the Exchange regarding a press release dated April 07, 2026, titled "CleanMax Commissions 185 MW Wind-Solar Hybrid Project in Kalavad, Strengthening Its Renewable Portfolio in Gujarat".
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CleanMax has commissioned a 185 MW wind-solar hybrid project at Kalavad, Gujarat, supplying green power to 17 corporate customers under the group captive model, including listed firms like Apar Industries and Borosil Renewables. Once stabilised, the project is expected to add upwards of ₹165 crore annually to revenue in FY2027, backed by 25-year fixed-tariff PPAs. With this addition, the company's total operational energy sale capacity rises to 3.1 GW as of March 31, 2026, with Gujarat capacity reaching ~844 MW. The project is projected to offset ~3.61 lakh tonnes of CO₂ emissions annually. In FY25, Gujarat alone contributed ~30% of CleanMax's renewable power sale revenue (₹3,426 million).
Positive for shareholders — the project adds a material, long-duration revenue stream with locked-in tariffs, strengthening cash flow visibility and reinforcing Gujarat as a core growth market. The 165 Cr annual revenue contribution is significant relative to current scale, likely supporting future earnings growth.