CleanMax Enviro Energy Solutions Ltd shares leaped 4.39% to ₹1,311.35 on the BSE on Thursday after the group locked in an agreement to deploy nearly ₹50,000 crore in Andhra Pradesh. The stock climbed ₹55.10 in Mumbai trading as institutional desks piled into the counter. Market appetite held firm throughout the session.
Under the pact signed with the Andhra Pradesh Economic Development Board, the company will build an integrated power park comprising 3 gigawatts of wind and solar capacity alongside 1 GW of pumped hydro storage. The setup will also incorporate battery energy storage systems to deliver continuous power. The entire generation and storage architecture will supply round-the-clock electricity directly to a 2 GW Green Compute Factory in Kurnool district.
Artificial intelligence workloads demand uninterrupted electricity. CleanMax plans to handle the complete chain. The company will engineer, finance, and run the dedicated power distribution grid feeding the data infrastructure, securing end-to-end operational control from initial layout through long-term delivery.
AI cloud provider Neysa signed a concurrent agreement with CleanMax to anchor the Kurnool park with an initial 1 GW information technology load. Data centers consume immense power and cooling resources. To curb site stress, the Kurnool facility will run direct-to-chip cooling systems, taking industrial-grade water supplies allocated by regional authorities rather than tapping civilian reserves.
| Project Parameter | Specification / Detail |
|---|---|
| Total Investment Commitment | ₹50,000 crore |
| Renewable Generation Assets | 3 GW (Wind and Solar) |
| Storage Infrastructure | 1 GW Pumped Hydro + Battery Energy Storage (BESS) |
| Compute Factory Power Target | 2 GW Round-the-Clock |
| Anchor IT Load (Neysa) | 1 GW |
| Project Location | Kurnool district, Andhra Pradesh |
| BSE Closing Price (Thursday) | ₹1,311.35 (+4.39% / +₹55.10) |
Kuldeep Jain, Founder and Managing Director of CleanMax Enviro Energy Solutions, detailed the balance sheet and operational logic driving the buildout:
Compute is becoming one of the largest new sources of power demand, and it needs clean energy that is available every hour of the day. In Andhra Pradesh, we are planning generation, storage and distribution integrated with the compute load they serve, rather than one after the other. Andhra Pradesh's clean energy policy framework and its strong wind and solar resources make it the right place to build this model at scale.
To run its internal power lines, a dedicated special purpose vehicle owned and operated by CleanMax will apply to the Andhra Pradesh Electricity Regulatory Commission for an independent distribution licence. The licence will grant the company statutory clearance to wheel captive electrons directly to server racks without third-party utility bottlenecks.
Capital markets had already started pricing in aggressive volume expansion across the platform. Brokerage firm Macquarie earlier pinned an upside target price of ₹1,700 on CleanMax shares following its second-quarter performance, factoring in earnings upgrades through FY27. CleanMax recently raised ₹2,500 crore by issuing green non-convertible debentures to institutional lenders to build out its funding runway.
Market Context: Industrial power agreements linked directly to artificial intelligence computing represent a structural break from merchant renewable auctions. By pairing generation with dedicated private transmission, operators sidestep state utility off-take delays and lock in predictable tariffs.
CleanMax has outlined an expansion map targeting 4 GW of added operational capacity over FY28 and FY29, leaning on rising demand from hyperscalers and domestic data complexes. Regulatory filings with the state electricity watchdog for distribution network licensing in Kurnool will form the next operational checkpoint for the ₹50,000 crore rollout.