Press Release titled "Apple & CleanMax Partner to Boost Renewable Energy in India with ~INR 100 Crore Investment" to be issued by Clean Max Enviro Energy Solutions Limited

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

CLEANMAX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.7%Reaction day

₹1180.30

prior close

₹1200.00

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%-2.7% vs market

Power Generation peers, median of 28sector+0.4%-2.1% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Smallcap 250 and 2.1 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.

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Next day

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AI summary

Apple and CleanMax have announced a strategic co-investment partnership worth approximately INR 100 crore to accelerate renewable energy deployment in India's Commercial and Industrial (C&I) sector. This builds on their earlier co-investment supporting Apple's India operations. CleanMax is India's largest renewable energy provider for the C&I sector with 570+ customers, including data centers and AI companies representing 42% of contracted volumes as of Q3 FY26. The partnership aims to advance decarbonization, support Apple's carbon neutrality goals, and expand clean energy infrastructure using a strategic co-investment model.

Likely market impact

This partnership with a global technology leader like Apple validates CleanMax's business model and could attract more corporate clients seeking credible net-zero partners. The INR 100 crore investment strengthens CleanMax's capital base for scaling renewable infrastructure in the fast-growing Indian C&I clean energy market.