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Clean Max Shares Soar After ₹1,199 Crore Block Deal; AI Capacity Jumps 10-Fold
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CNBC TV18•28-09-2026, 09:25
Clean Max Shares Soar After ₹1,199 Crore Block Deal; AI Capacity Jumps 10-Fold
- •Clean Max Enviro Energy Solutions stock gained after 87.97 lakh shares (7.5% equity) worth ₹1,199 crore changed hands in a block deal at ₹1,363 per share.
- •Augment India Holdings was reportedly set to sell 7.25% of its equity for ₹1,062.8 crore, with a floor price of ₹1,250 per share.
- •Clean Max's contracted renewable power capacity for AI and data centers has surged 10-fold in two years, from 250 MW to 2,500 MW.
- •The company holds a 35% market share in the hyperscaler business in India, with 1.7 GW directly contracted with hyperscalers.
- •Macquarie initiated coverage with an "outperform" rating and a target price of ₹1,700; all nine analysts covering the stock have "buy" ratings.
Key Questions Answered
Clean Max saw 87.97 lakh shares—representing 7.5% of its equity worth ₹1,199 crore—change hands via block deals at ₹1,363 per share. This followed reports that Augment India Holdings was set to sell a portion of its stake.
Clean Max's contracted renewable power capacity linked to AI and data centres surged 10-fold in about two years, climbing from 250 MW in April 2024 to 2,500 MW out of a total portfolio of 6,000 MW. Managing Director Kuldeep Jain attributed this to hyperscalers increasing investments in India.
All nine analysts covering Clean Max have issued "buy" or "outperform" ratings on the stock. Brokerage firm Macquarie initiated coverage with an "outperform" rating and a target price of ₹1,700 per share.
