Clean Max IPO: Shares of India's biggest renewable energy supplier
NewsBytes | March 18, 2026 5:40 PM CST
What does Clean Max do?
Clean Max is India's biggest supplier of renewable energy to businesses and factories. It has been operating for over a decade, offering solar, wind, and hybrid power through long-term contracts.
Their business also covers engineering services and carbon credits—basically helping companies get greener while saving on energy costs.
The company plans to use the IPO proceeds mainly to repay borrowings; separately, it aims to add about 1,500 megawatts of contracted capacity.
Their big goal: grow annual earnings (EBITDA) from ₹1,800 crore now to ₹3,000 crore by fiscal 2027, all while keeping steady income thanks to long-term deals with a mix of customers.
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