| Project Capacity | 351.4 MWpBikaner Park |
|---|---|
| Market Cap | ₹12,924.9 CrMid Cap |
| Revenue TTM | ₹1,912.87 CrOperating |
| RSI | 47.26Neutral Zone |
Key highlights
- Commissioned 351.4 MWp solar capacity at the Bikaner Solar Park
- Project executed via wholly-owned subsidiary Clean Max Celestial Private Limited
- Official commissioning completed on May 26, 2026
- Company reports TTM operating revenue of ₹1,912.87 crore
- Net profit for the latest quarter surged by 151.82% year-on-year
Production Commenced — What It Means
Clean Max Celestial Private Limited, a wholly-owned subsidiary of Clean Max Enviro Energy Solutions, has operationalized a 351.4 MWp solar capacity within the Bikaner Solar Park. This commissioning transitions the project from the development phase to active power generation, contributing directly to the company's renewable energy output. The Bikaner facility represents a large-scale addition to the firm's utility-scale solar footprint in Rajasthan, a key hub for renewable energy in India.
This deployment aligns with the company strategy to scale its green energy assets and fulfill long-term power purchase agreements with commercial and industrial clients.
Revenue Impact
The integration of 351.4 MWp of solar capacity is expected to bolster the company's revenue streams from power generation. With a TTM operating revenue of ₹1,912.87 crore and a quarterly net profit growth of 151.82% year-on-year, the addition of this large-scale asset provides a stable base for future cash flows. The utility-scale nature of the Bikaner project typically involves long-term off-take arrangements, which improve visibility for the company operating margins.
Currently, the company maintains a robust operating profit margin of 48.01%, reflecting efficient asset management and a growing portfolio of high-performing renewable energy assets.
Business Overview
- Clean Max Enviro Energy Solutions provides renewable energy solutions primarily for corporate consumers in India and Southeast Asia
- The company operates a diverse portfolio including rooftop solar, wind-solar hybrids, and large-scale solar farms
- Its client base consists of leading multinational corporations and large Indian industrial groups across automotive and data center sectors
- The company maintains a significant institutional holding of 44.55%, including a 29.8% stake by Foreign Institutional Investors
Sector Tailwinds
India's renewable energy sector is witnessing rapid expansion, driven by the national goal of achieving 500 GW of non-fossil fuel capacity by 2030. Solar parks like the one in Bikaner benefit from state-level support and centralized infrastructure, reducing development risks for private players. The utilities sector, where Clean Max operates, has seen steady demand as the commercial and industrial segment pivots toward green power to meet ESG targets and reduce electricity costs.
This commissioning reflects the broader industry trend of scaling solar infrastructure to meet rising domestic energy requirements.
| Share price | ₹1103.9 |
|---|---|
| Market capitalisation | ₹12,924.90 Cr |
| Revenue (annual) | ₹1,912.87 Cr |
| Net profit (annual) | ₹94.13 Cr |
| Revenue (latest quarter) | ₹557.46 Cr+31.96% vs previous quarter |
| Net profit (latest quarter) | ₹55.42 Cr+100.44% vs previous quarter |
| P/E (TTM) | 137.31×Sector 24.9× |
| Promoter holding | 49.48% |
| FII holding | 29.8%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Clean Max Enviro Energy Solutions Limited announcing the commissioning of a 351.4 MWp solar project. Market figures from a third-party data provider.
