CLEANMAX

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

• CLEAN MAX ENVIRO ENERGY SOLUTIONS LTD - GETS TAX DEMAND OF 67.8 MILLION RUPEES

Source text: [ID:]

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** 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)

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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

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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

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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)

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April 7 (Reuters) - Clean Max Enviro Energy Solutions Ltd CLEM.NS:

• CLEAN MAX ENVIRO ENERGY SOLUTIONS LTD - CLEANMAX COMMISSIONS 185 MW WIND-SOLAR HYBRID PROJECT IN KALAVAD, GUJARAT

• CLEAN MAX ENVIRO ENERGY SOLUTIONS LTD - PROJECT EXPECTED TO ADD 1.65 BILLION RUPEES ANNUALLY TO REVENUE IN FY2027

Source text: ID:nNSE64XW2h

Further company coverage: CLEM.NS

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April 1 (Reuters) - Clean Max Enviro Energy Solutions Ltd CLEM.NS:

• CLEAN MAX- CO, STT GDC INDIA SCALE CLEAN ENERGY PARTNERSHIP BEYOND 130 MW

• LATEST AGREEMENT INCLUDES AN ADDITIONAL 21 MWP OF SOLAR CAPACITY

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