Announced Tue, 21 Apr · 08:42 IST

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

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CLEANMAX · price

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Price reaction · full curve 14 horizons · vs prior close
+4.2%1-day move
₹1010.00
prior close
₹1035.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.2-1.3-1.4-1.5+4.2+4.1+4.6+6.2+6.8+12.9+30.1+18.8+48.3+35.7
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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.