Clean Max Enviro Energy Solutions Limited (CleanMax) has reported strong financial and operational growth during the first nine months of the financial year 2026. The Mumbai-based renewable energy company, which focuses on the Commercial and Industrial (C&I) segment, posted a 33 percent year-on-year increase in its EBITDA, reaching ₹945 crore. This reflects steady demand for clean energy solutions among corporate consumers.
The company also recorded a sharp improvement in profitability. Its Profit After Tax (PAT) stood at ₹40 crore for the nine-month period ending December 2025, compared to just ₹2 crore during the same period in the previous year. This significant rise was mainly driven by a 26 percent increase in revenue from renewable energy power sales, along with better operational efficiency.
On the operational side, CleanMax has expanded its capacity at a fast pace. As of March 1, 2026, the company achieved 3.0 GW of commissioned energy sale capacity. This marks a 76 percent increase since the beginning of the financial year. In the last 11 months alone, CleanMax commissioned 1.3 GW of new projects across seven states, including Gujarat, Karnataka, and Maharashtra. Most of these projects are solar-based, accounting for 85 percent of the total additions, while wind projects make up the remaining 15 percent.
A key factor behind this growth is the rising demand from the Data and Artificial Intelligence sector. This segment now contributes around 42 percent, or 2.4 GW, of the company’s contracted capacity. CleanMax recently commissioned a 0.5 GW plant in Bikaner to support such customers in reducing their carbon footprint and meeting sustainability targets.
Looking ahead, the company has ambitious expansion plans. It expects to add another 2.7 GW of capacity over the next 24 months. For the financial year 2026-27, CleanMax is targeting an annual commissioning rate of more than 1.5 GW, indicating continued strong growth in the near future.
In terms of leadership, the company has strengthened its board by appointing Shri D.K. Khara, former Chairman of State Bank of India, as an Independent Director and Lead Independent Director. He replaces Mr. Arijit Basu, who stepped down after taking up a new role as Chairman of IndusInd Bank.
These developments highlight CleanMax’s growing role in supporting India’s corporate sector in achieving clean energy and net-zero goals.
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