CleanMax to supply ~30 MW hybrid renewable power to Shell India assets

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CLEANMAX · price

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹1010.00

prior close

₹1035.85

announcement price

After-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.8%-1.1% vs market

Power Generation peers, median of 28sector+0.2%-0.5% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Smallcap 250 and 0.5 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

+4.2+1.9+2.3+2.2+1.9

+4.1+1.3+2.8+1.5+2.6

+4.6+0.2+4.3+0.3+4.3

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15d

+30.1+2.5+27.7-2.2+32.4

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+48.3+9.0+39.3-4.7+53.0

+35.7+10.5+25.2-7.1+42.8

UpDownMarket · Nifty Smallcap 250Sector · Power Generation peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CleanMax will supply renewable electricity from two hybrid wind-solar projects to Shell India. A 16.83 MW plant in Gujarat (6.93 MWp solar + 9.90 MW wind) will power Shell's LNG terminal at Hazira, and a 13.2 MW plant in Karnataka (9.9 MWp solar + 3.3 MW wind) will power Shell's Technology Centre in Bengaluru. Combined capacity is ~30 MW, expected to generate ~66,832 MWh annually. Both projects follow a group-captive model with co-investment by both companies.

Likely market impact

Strengthens CleanMax's order book and credibility as India's largest C&I renewable energy provider, though the 30 MW addition is modest versus its 5.7 GW portfolio.