GACL partners with CleanMax for 75.9 MW renewable hybrid power project

Capex & Operations View source PDF Explain this filing

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.2%+0.9% vs market

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AI summary

GACL has partnered with Clean Max to set up a 75.9 MW wind and 84.34 MWp solar hybrid power project across four Gujarat sites (Kalikanagar, Aji Dahisarda, Rajula, Ghuntu). CleanMax will develop it in SPV mode, with 100% of the power consumed by GACL's Dahej and Vadodara units under a group captive structure. Split into two phases. Expected to generate 136.9 crore units of clean power yearly and cut CO2 emissions by about 2.64 lakh tons annually.

Likely market impact

Positive for sustainability profile. May lower long-term power costs. No direct capex burden on GACL as CleanMax develops it in SPV mode.