CleanMax rises on signing MoU with Andhra Pradesh Economic Development Board
Clean Max Enviro Energy Solutions is currently trading at Rs. 1327.15, up by 20.35 points or 1.56% from its previous closing of Rs. 1306.80 on the BSE.
The scrip opened at Rs. 1319.00 and has touched a high and low of Rs. 1,331.60 and Rs. 1300.80 respectively. So far 4479 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 1532.80 on 24-Jun-2026 and a 52 week low of Rs. 728.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 1342.20 and Rs. 1,226.65 respectively. The current market cap of the company is Rs. 15364.23 crore.
The promoters holding in the company stood at 49.28%, while Institutions and Non-Institutions held 33.32% and 17.40% respectively.
Clean Max Enviro Energy Solutions (CleanMax) has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB), Government of Andhra Pradesh. Under the MoU, the company proposes to invest nearly Rs 50,000 crore to develop integrated power generation facilities aggregating 3 GW of clean energy across wind and solar energy and 1 GW of pumped hydro facilities. These will be used to supply a Compute Factory being set up in collaboration with Neysa, with Clean Max Enviro Energy Solutions responsible for the power infrastructure and supplies.
The company will bring generation, storage and distribution together in one integrated clean energy system where Wind and solar projects will generate power at different times of the day and year, while pumped storage and BESS (electrical) storage will provide the balancing of supply needed to meet round-the-clock demand. CleanMax's own distribution network will deliver round-the-clock power to the 2 GW Green Compute Factory. The integrated model aligns energy generation to compute demand with dedicated clean energy, from planning stage through project lifecycle.
The Green Compute Factory will be developed in the Kurnool district of Andhra Pradesh. CleanMax has signed an MoU with Neysa, an AI cloud provider, which will anchor the park with 1 GW of IT load. The projects will be developed in phases, with at least 1.5 GW of renewable capacity proposed to be developed by 2029.
