CLN ENERGY LIMITED

Classified under the Auto Components industry, the company is shifting toward lithium-ion battery and energy storage systems. This is reflected in the July 2026 appointment of a Whole-time Director with over 7 years of experience in lithium-ion battery development across mobility, energy storage, telecom and EV applications, including work on what the filing describes as India's largest 150kWh tipper battery system. Revenue in FY26 was Rs 346.51 crore, with year-on-year revenue growth of 58% as reported in the audited results. The company has expanded its group structure by setting up a 51%-owned subsidiary CLN GREEN Private Limited, a wholly-owned UAE subsidiary CLN GREEN GENERAL TRADING LLC, and acquired Electrovault Power Private Limited as an associate. Materials are the dominant cost at 79.7% of revenue, with employee cost at 3.7% and other operating expenses at 5.5%, and capital expenditure of 0.9% of revenue. The company is raising funds through a preferential allotment of 2,50,000 equity shares at Rs 423 per share to promoter-group entity CLN Energy PTE Limited, with proceeds intended to help meet the Rs 10 crore FDI threshold required for UP Government leasehold land. Bank facilities total about Rs 55 crore, comprising Rs 40 crore from HDFC Bank and Rs 15 crore from ICICI Bank, with a credit rating upgrade from CARE in July 2026.