Clean Max Env. Energ

Oct 9 (Reuters) - Clean Max Enviro Energy Solutions Ltd CLEM.NS:

• CLEAN MAX ENVIRO ENERGY SOLUTIONS LTD - UNITS TO ACQUIRE 100% OF MASSMUNCH COMPANY

• CLEAN MAX ENVIRO ENERGY SOLUTIONS LTD - TRANSACTION IS FOR AN ENTERPRISE VALUE OF THAI BAHT 1,250,000

Source text: ID:nBSE1P3ckw

Further company coverage: CLEM.NS

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Augment India I Holdings LLC sold 85,02,537 shares of Clean Max Enviro Energy Solutions, representing 7.25% of voting capital, in an open-market transaction on 28 September 2026. The sale reduced its holding to 26,37,635 shares, or 2.25% of voting capital, from 1,11,40,172 shares, or 9.50%, before the transaction. Clean Max owned wind, solar and hybrid assets for commercial and industrial customers and held a contracted portfolio of 6.0 GW. It reported gross revenue of about Rs 1,913 crore for the year to March 2026. The company listed in March 2026 with a fresh issue netting about Rs 1,149 crore and served about 600 commercial and industrial customers.

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** Shares of India's Nuvoco Vistas Corporation NUVO.NS rise as much as 2.4% to 338.45 rupees

** Cement maker signs agreements to acquire 26% stake in Clean Max Ilgohp, a special-purpose vehicle of Clean Max Enviro Energy Solutions CLEM.NS

** Nuvoco partners with CleanMax to develop 46.4-MW wind-solar hybrid renewable energy project in Rajasthan state; power generated will be supplied to Nuvoco's cement operations

** Co says project will increase renewable energy use and reduce reliance on conventional power, improving long-term cost efficiency

** Project expected to generate about 100 million units of renewable electricity annually and cut carbon emissions by 125,485 tonnes a year, co says

** Stock down 5.70% YTD

(Reporting by Anushka Rajvedi in Bengaluru)

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** Shares of India's Clean Max Enviro Energy Solutions CLEM.NS rise as much as 3.18% to 1,416.80 rupees

** Co raises 25 billion rupees ($260.08 million) through green non-convertible debentures on a private placement basis

** Proceeds will be used to finance or refinance solar, wind, hybrid power and battery storage projects

** Co says issuance broadens its access to long-term institutional funding beyond equity and project-level debt

** CLEM rated "strongbuy" on average by 7 analysts, median PT at 1,650 rupees - LSEG compiled datat

** Stock up 45.61% since listing on March 2

($1 = 96.1250 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

** Shares of electric utilities company Clean Max Enviro Energy Solutions CLEM.NS up 3.6% at 1,443 rupees

** Around 8.9 million shares traded across 5 block deals on NSE, ranging between a discount of 6.5% and 1.5%, according to LSEG-compiled data

** One block deal of 37,371 shares change hands at a premium of 1.2%, as of 10:12 a.m. IST

** All 7 analysts covering the stock rate it "buy" or higher, median PT at 1,650 rupees: LSEG-compiled data

** YTD, shares up about 71.6%

(Reporting by Saikeerthi in Bengaluru)

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MUMBAI, Sept 25 (Reuters) - India's Clean Max Enviro Energy Solutions CLEM.NS accepted bids worth 25 billion rupees ($260.54 million) for its debut green bonds, three merchant bankers said on Friday.

The commercial and industrial renewable energy company raised funds via bonds with 2-year, 3-year, 5-year maturities and two tranches of 10-year maturities. The coupons would be payable on a quarterly basis.

The company had invited bids from bankers and investors on Thursday, and investors will have a prepayment option if the bonds are downgraded by three notches or more.

Clean Max did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on September 25:

* Size includes base plus greenshoe for some issues

($1 = 95.9550 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Jochelle Mendonca)

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MUMBAI, Sept 23 (Reuters) - India's Equitas Small Finance Bank EQUI.NS plans to raise up to 5 billion rupees ($52.24 million) through the sale of bonds maturing in 10 years, three bankers said on Wednesday.

It will pay a coupon of 9.95% and has invited commitment bids for the issue on Thursday, they said, adding that the bond will have a call option exercisable after five years.

The lender did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on September 23:

*Size includes base plus greenshoe for some issues

($1 = 95.7200 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Priyanka G)

(([email protected], [email protected]))

** JM Financial initiates Clean Max Enviro Energy Solutions CLEM.NS at "buy" with PT of 1,501 rupees, citing strong commercial and industrial renewable power demand

** Brokerage expects co's renewable power capacity to rise to 7.4 GW by FY29 from 3.1 GW in FY26

** Forecasts revenue to grow 69% in FY27, followed by 35% and 29% growth in FY28 and FY29, respectively

** Sees EBITDA margin expanding to 69% by FY29 from 59% in FY26 as higher-margin renewable power sales form a larger share of business

** Expects net debt/EBITDA to fall to 6.5x by FY29 from 10x in FY26, helped by earnings growth and improving business mix

** Brokerage sees data centres, industrial electrification and an expected power deficit driving corporate renewable energy demand

** Stock up ~45% since listing on March 2

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

** Shares of Clean Max Enviro Energy CLEM.NS rise as much as 2.2%

** The renewable energy company approves term sheet with Envision Energy India for the procurement for wind turbine generators having an aggregate capacity of 1,550 MW

** Under the term sheet, Clean Max to procure 310 wind turbine generators with superviion, technical support for installation and commissioning services

** Stock up 30.3% since its listing on March 2

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

Clean Max approved a term sheet with Envision Energy India for the procurement of wind turbine generators for projects with an aggregate capacity of 1,550MW. The proposed purchase comprised 310 turbines of 5MW each, along with supervision, technical support for installation and commissioning services. Definitive agreements were to be executed in seven phases, ending before 31 December 2028. Clean Max had an operational renewable-energy portfolio of about 4.2GW after commissioning roughly 530MW in the June quarter of FY27.

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Aug 28 (Reuters) - Clean Max Enviro Energy Solutions Ltd CLEM.NS:

• APPROVES TERM SHEET WITH ENVISION ENERGY INDIA

• TERM SHEET FOR PROCUREMENT OF 1,550 MW WIND TURBINE GENERATORS

Source text: ID:nBSE7BjmCs

Further company coverage: CLEM.NS

(([email protected];))

By Bharath Rajeswaran

Aug 13 (Reuters) - Global index provider MSCI said on Thursday it will add four Indian companies to its widely tracked Global Standard index and remove three as part of its August review, underscoring the continuing churn in India's representation within global passive portfolios.

The changes will be implemented after the close of trading on August 31, 2026, and take effect on September 1, MSCI said.

Laurus Labs LAUL.NS, an active pharmaceutical ingredients manufacturer; Lenskart LENS.NS, an omnichannel eyewear retailer; Adani Energy Solutions ADAI.NS, the Adani Group's power transmission and distribution arm, and Groww BILO.NS, a digital investment and broking platform, will enter the index.

They will replace tyre maker Balkrishna Industries BLKI.NS, credit-card issuer SBI Cards SBIC.NS, and building-materials company Astral ASTL.NS. Following the reshuffle, the number of Indian constituents in the key MSCI index will rise to 166 from 165.

India's weightage in the global standard index will also rise to 11.9% from 11.8%, according to Nuvama Alternative and Quantitative Research.

The inclusion is expected to trigger significant buying by exchange-traded funds and other passive investors that replicate MSCI benchmarks.

Nuvama Alternative and Quantitative Research estimates potential inflows of about $598 million for Laurus Labs, $352 million for Lenskart, $310 million for Adani Energy Solutions and $256 million for Groww.

Conversely, Balkrishna Industries, SBI Cards and Astral could see estimated passive outflows of $169 million, $143 million and $138 million, respectively.

The review also recalibrated weights among existing index members. Eternal ETEA.NS is projected to attract the largest incremental passive inflow, at around $674 million, following an increase in its weight. Adani Enterprises ADEL.NS and Adani Ports APSE.NS could receive about $202 million and $77 million, respectively.

Reliance Industries RELI.NS is estimated to face outflows of roughly $523 million, while Jio Financial Services JIOF.NS may see $61 million in outflows.

Separately, MSCI's Small Cap index review added companies including Amagi Media Labs AMAI.NS, Ather Energy ATHR.NS, Clean Max CLEM.NS, E2E Networks EENE.NS, Embassy Developments EMBS.NS, Patanjali Foods PAFO.NS, Rubicon Research RUBI.NS, Sedemac Mechatronics SEDE.NS, Sky Gold and Diamonds SKYG.NS, United Breweries UBBW.NS, Urban Company URBN.NS and WeWork India WEWO.NS, while removing 19 stocks.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)

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** Shares of India's Clean Max Enviro Energy Solutions CLEM.NS rise as much as 6.13% to 1,417.50 rupees, their highest levels since June 10

** Company posted first-quarter net profit of 485.2 million rupees ($5.10 million) versus net loss of 141.99 million rupees, total revenue from ops jumped twofold y/y

** JP Morgan ("Overweight", TP:1,478 rupees) says company remains on track to meet FY2027 capacity addition forecast, with execution broadly in line with full-year expectations

** Axis Capital ("Buy", TP:1,375 rupees) says company's expanding pipeline improves visibility on capacity additions

** Stock up 42.13% since listing on March 2

($1 = 95.1350 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

CleanMax Enviro Energy Solutions issued its Q1 FY2026-27 shareholders' letter, setting a minimum reported EBITDA guidance of ₹3,000 crore for FY2027-28, a floor more than double the ₹1,295 crore reported for FY2025-26. The letter followed the company's Q1 results published the same day, which showed consolidated revenue of ₹832 crore, up 107% year on year, and reported PAT of ₹55 crore against a loss a year earlier. It also said 42% of contracted power-sales capacity, or 2.5 GW, now comes from Data & AI customers, up from 0.24 GW in March 2024, citing contracts with Meta and a co-investment with Apple. Management said it commissioned 0.53 GW in the quarter and remains on track for at least 1.5 GW in FY2026-27, with the operational portfolio at 4.2 GW.

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July 31 (Reuters) - Clean Max Enviro Energy Solutions Ltd CLEM.NS:

• CLEAN MAX ENVIRO ENERGY SOLUTIONS LTD JUNE-QUARTER CONSOL NET PROFIT 485.2 MILLION RUPEES

• CLEAN MAX ENVIRO ENERGY SOLUTIONS LTD JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 8.32 BILLION RUPEES

Source text: [ID:]

Further company coverage: CLEM.NS

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Clean Max Enviro Energy Solutions announced the commissioning of approximately 530 MW of renewable energy capacity during the June 2026 quarter, its highest-ever quarterly commissioning performance. The addition lifted the company’s total operational renewable energy portfolio from about 3.6 GW to 4.2 GW at the end of June 2026. The newly commissioned capacity includes 403 MW under the power sales business and 126 MW under the services business, covering solar and wind projects across Gujarat, Karnataka, Maharashtra, Haryana and Chhattisgarh. Managing Director Kuldeep Jain said the milestone reflects strong demand from commercial and industrial customers and clean energy’s growing adoption. The company also highlighted recent customer wins with technology, data center and industrial names, including Meta, Apple and STT GDC India. CleanMax’s contracted portfolio reached 5.7 GW in FY26, with the company serving 588 customers.

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** Shares of Clean Max Enviro Energy Solutions CLEM.NS rise 1.8% to 1,284.60 rupees

** Co says it commissioned about 530 MW of renewable energy capacity in Q1 FY27, its highest-ever quarterly addition

** Co's operational renewable energy portfolio increases to about 4.2 GW from 3.6 GW

** Stock up 34% since its listing on March 2

(Reporting by Payel Das in Bengaluru)

(([email protected]))

Clean Max Enviro Energy Solutions has approved the issuance of corporate guarantees totaling about ₹474 crore in favour of lenders for five of its subsidiary companies. The guarantees were approved by the Risk Management Committee on 23 June and cover term loan facilities for Clean Max Theia Private Limited (₹372.21 crore), Clean Max Arctic Private Limited (₹8.20 crore), Clean Max Fuji Private Limited (₹51.46 crore), Clean Max Aero Private Limited (₹28.65 crore) and Clean Max Godavari Private Limited (₹13.75 crore). The company stated that these guarantees will constitute a contingent liability and have no immediate impact on the listed entity.

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Clean Max Enviro Energy Solutions and Meta Platforms have announced a partnership to develop over 900 MW of renewable energy capacity in India, including 837 MW of new solar and wind projects across Rajasthan and Karnataka. Meta will purchase 100% of the environmental attributes from the projects, which CleanMax will develop and operate. The companies previously partnered on smaller projects, bringing the total partnership to more than 900 MW. Kuldeep Jain, CleanMax's founder and managing director, said the deal will support Meta's renewable ambitions and India's energy transition.

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June 10 (Reuters) - Clean Max Enviro Energy Solutions Ltd CLEM.NS:

• CLEAN MAX ENVIRO ENERGY SOLUTIONS - PARTNERS WITH META ON 900 MW OF RENEWABLE ENERGY CAPACITY IN INDIA

Source text: [ID:]

Further company coverage: CLEM.NS

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** Shares of India's Gujarat Alkalies and Chemicals GALK.NS rise 3.86% to 690.50 rupees

** Stock on track to snap five sessions of losses

** Co partners with Clean Max Enviro Energy Solutions CLEM.NS to source renewable power from a 75.9 MW wind and 84.34 MWp solar project for its manufacturing units in Gujarat

** Project expected to generate about 369 million units of clean power annually and cut carbon emissions by about 264,000 tonnes per year

** YTD , GLAK up 37.81%

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

** Shares of India's Clean Max Enviro Energy Solutions CLEM.NS rise as much as 5.6% to 1151.60 rupees, last up 2.71%

** Axis Capital initiates coverage on renewable energy co with "Buy" rating, TP of 1,375 rupees citing strong growth outlook and capacity expansion plans

** Says co is well-positioned to scale capacity 3x by FY30, supported by strong commercial and industrial demand

** Expects EBITDA and profit to grow at annual rates of about 46% and 54%, respectively, over FY26-FY30

** However, brokerage says regulatory changes affecting open-access renewable energy tariffs remain a medium-term risk

** Stock up 13.6% since listing on March 2

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

May 26 (Reuters) - India's Clean Max Enviro Energy Solutions CLEM.NS has raised about $575 million to expand its solar and wind projects in India, the renewable power firm said on Tuesday.

• Clean Max secured the funding to support about 1 gigawatt of renewable energy projects in India's western state of Rajasthan and the southern state of Karnataka

• The company raised the funds through external commercial borrowings (ECB), rupee term loan, and foreign currency non-resident banking facility.

• Multiple domestic and international lenders, including Societe Generale, BNP Paribas, Sumitomo Mitsui Banking Corporation, DBS Bank, and HSBC, are part of the fundraise.

(Reporting by Anuran Sadhu in Bengaluru; Editing by Janane Venkatraman)

(([email protected]; +91 8697274436;))

May 12 (Reuters) - Clean Max Enviro Energy Solutions Ltd CLEM.NS:

• MARCH-QUARTER CONSOL PAT 454 MILLION RUPEES

• MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 5.57 BILLION RUPEES

Source text: ID:nBSE6s3sZp

Further company coverage: CLEM.NS

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May 7 (Reuters) - Apple Inc AAPL.O:

• CLEAN MAX ENVIRO ENERGY SOLUTIONS LTD - APPLE AND CLEANMAX PARTNER TO BOOST RENEWABLE ENERGY IN INDIA WITH ABOUT 1 BILLION RUPEES INVESTMENT

Source text: ID:nBSE7h5vYc

Further company coverage: AAPL.O

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** IIFL Capital starts coverage of Clean Max Enviro Energy CLEM.NS with "buy" rating, 1,340 rupees PT, implying about 23% upside to stock's current price of 1,085.40 rupees

** Brokerage says CLEM is well-positioned to benefit from rising power demand from big tech firms expanding data centres and AI ops

** CleanMax's group‑captive business model and access to state‑grid connectivity should support faster execution and higher returns than utility‑scale peers, even as regulatory uncertainty persists - IIFL Capital

** Expects CleanMax to deliver structurally higher equity returns aided by capital recycling through JVs, shorter execution timelines and improving margins

** Stock up about 13% since trading debut in March

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

** J.P. Morgan starts coverage of Clean Max Enviro Energy CLEM.NS with an "overweight" rating and PT of 1,250 rupees

** PT implies about 18% upside to stock's current price of 1,065.20 rupees

** Brokerage sees CLEM as a rare pure-play commercial and industrial renewable power player in India

** Highlights ~42% of portfolio contracted to commercial and industrial customers, driving higher growth versus utilities

** Notes execution and capital intensity risks, but says scale and customer stickiness underpin earnings visibility

** Long-term contracts and strong pipeline expected to support ~36% revenue CAGR in FY23-25

** Stock up ~21% since trading debut

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

April 21 (Reuters) - Clean Max Enviro Energy Solutions Ltd CLEM.NS:

• TO SUPPLY HYBRID RENEWABLE POWER TO SHELL'S LNG TERMINAL AND TECHNOLOGY CENTRE IN INDIA

Source text: ID:nBSE5457DJ

Further company coverage: CLEM.NS

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April 15 (Reuters) - Clean Max Enviro Energy Solutions Ltd CLEM.NS:

• PARTNERS WITH SANGAM INDIA FOR 30 MWP SOLAR AND 20 MW WIND HYBRID RENEWABLE PROJECT

Source text: ID:nBSE4Rn76y

Further company coverage: CLEM.NS

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** Clean Max Enviro Energy Solutions CLEM.NS shares rise 2.2% to 881 rupees

** HSBC initiates coverage with "buy" rating, PT at 1,150 rupees, implying about 34% upside to last close

** Bank highlights renewable power firm's "difficult to replicate" business model built on client-first culture, repeat customers, ownership mindset, industry experience, wide geographical coverage, and ability to invest upfront capital

** CLEM focus on long-term contracts creates strong earnings visibility over the next 20-25 years - HSBC

** Notes strong Indian govt backing, CLEM's ability to build scalable renewable energy tech at competitive rates

** New business from repeat customers to help CLEM grow without deterioration in customer credit quality - HSBC

** CLEM down nearly 8% since debut in March

(Reporting by Pranav Kashyap in Bengaluru)

(([email protected]; +919886482111;))