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Clean Max Enviro Energy Solutions Limited ( (IN:CLEANMAX) ) has provided an update.
Clean Max Enviro Energy Solutions Limited has agreed to acquire 100% equity in Kintech Solarbikaner Private Limited, a renewable energy generation company incorporated in 2023, for an enterprise value of INR 38.06 crore in an all-cash deal. The target currently has no turnover and a negative net worth, and the acquisition, which is not a related-party transaction, is expected to be completed by 31 March 2026 and used to expand Clean Max’s wind-solar hybrid capacity in Gujarat, strengthening its presence in India’s renewable power market.
By securing full control of Kintech Solarbikaner, Clean Max aims to accelerate the development of new hybrid renewable projects that can support its growth pipeline and enhance its regional footprint. The move underlines ongoing consolidation and project-level acquisitions in India’s clean energy industry as developers seek scale and strategic assets to serve rising corporate and industrial demand for renewable power.
More about Clean Max Enviro Energy Solutions Limited
Clean Max Enviro Energy Solutions Limited operates in the renewable energy sector, focusing on developing and operating clean power projects for commercial and industrial consumers in India. The company’s portfolio spans solar, wind, and hybrid renewable assets, positioning it to benefit from growing demand for sustainable energy solutions across key industrial states.
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See more data about CLEANMAX stock on TipRanks’ Stock Analysis page.