CleanMax Commissions 185 MW Hybrid Project in Gujarat, Boosting Revenue by ₹165 Cr Annually
CleanMax commissioned a 185 MW hybrid renewable energy project in Kalavad, Gujarat. The project is expected to contribute upwards of ₹165 crore annually to revenue in FY2027. It serves 17 corporate customers under a group captive model. CleanMax's total operational capacity reaches 3.1 GW, with Gujarat operations at ~844 MW.
The commissioning of a 185 MW project is a substantial addition to the company's capacity and is expected to have a material impact on its revenue and market position in Gujarat. The projected annual revenue increase of ₹165 crore indicates a significant positive financial impact.
The announcement details the commissioning of a significant renewable energy project, which is expected to boost revenue and contribute to environmental goals. This is a positive development for the company.
Clean Max Enviro Energy Solutions Limited (CLEANMAX) has announced the commissioning of its 185 MW wind-solar hybrid renewable energy project in Kalavad, Gujarat. This project, developed over approximately 12 months, is set to add upwards of ₹165 crore annually to the company's revenue base in FY2027 once stabilized. It will supply green energy to 17 distinct corporate customers under the group captive model, including publicly listed companies like Apar Industries Limited and Borosil Renewables Limited. This expansion enhances CleanMax's ability to deliver consistent renewable supply for round-the-clock industrial demand and increases its total operational capacity in Gujarat to approximately 844 MW as of March 31, 2026. The company's total operational energy sale capacity now stands at 3.1 GW as of March 31, 2026. Mr. Kuldeep Jain, Managing Director, highlighted Gujarat's leadership in industrial decarbonization and CleanMax's long-standing commitment to the state. Mr. Nikunj Ghodawat, Chief Financial Officer, noted the project's 25-year fixed-tariff PPAs provide clear visibility and stability of cash flows. The project is expected to offset approximately 3.61 lakh tonnes of CO₂ emissions annually. In FY 2024-25, Gujarat contributed about 30% of CleanMax's renewable energy power sale revenue, amounting to ₹3,426 million.
Gujarat's supportive regulatory environment, including recent GERC regulations, makes it a preferred destination for large-scale hybrid projects. CleanMax, India's largest renewable energy company for the commercial and industrial sector, has a diverse portfolio including rooftop solar, utility-scale solar, wind farms, and wind-solar hybrid farms, along with carbon credit solutions. As of March 2026, the company serves over 570 customers, with data centers and AI accounting for 42% of contracted volumes as of Q3 FY26.
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Clean Max Enviro Energy Solutions Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Clean Max Enviro Energy Solutions Limited. Read the original for the full detail.