Clean Max Enviro Energy Raises Rs. 25 bn Through Green Debt
POWER & RENEWABLE ENERGY

Clean Max Enviro Energy Raises Rs. 25 bn Through Green Debt

Renewable energy solutions provider Clean Max Enviro Energy has raised Rs. 25 bn through the issuance of green debt securities on a private placement basis. The funds will support the company’s renewable energy activities under its green bond framework.

The rated, secured, listed and redeemable non-convertible debentures (NCDs) were issued across five series, with maturities ranging from 2 years to 10 years. The fixed-rate coupons range from 8.25 per cent to 8.76 per cent, with the issue attracting participation from international and domestic institutional investors.

The issuance follows an AA/stable rating assigned by Crisil in September to Clean Max Enviro Energy’s corporate credit and NCD programme. The bonds are supported by a defined green-use-of-proceeds framework under which the funds will be allocated to large-scale renewable energy projects.

CareEdge Advisory independently reviewed the framework for alignment with applicable Securities and Exchange Board of India regulations and the International Capital Market Association Green Bond Principles, 2025. Trust Investment Advisors acted as the sole arranger for the structured NCD issuance in the commercial and industrial renewable energy segment.

The International Finance Corporation, the National Bank for Financing Infrastructure and Development, and India Infrastructure Finance Company anchored the issue. Aditya Birla Capital, IDFC First Bank, Nippon India Mutual Fund and select corporates also participated.

Clean Max founder and managing director Kuldeep Jain said the transaction would channel institutional capital towards renewable energy and provide investors with another route to participate in the company’s growth. He added that the investor profile reflected confidence in the company’s fundamentals and contracted cash flows.

Renewable energy solutions provider Clean Max Enviro Energy has raised Rs. 25 bn through the issuance of green debt securities on a private placement basis. The funds will support the company’s renewable energy activities under its green bond framework. The rated, secured, listed and redeemable non-convertible debentures (NCDs) were issued across five series, with maturities ranging from 2 years to 10 years. The fixed-rate coupons range from 8.25 per cent to 8.76 per cent, with the issue attracting participation from international and domestic institutional investors. The issuance follows an AA/stable rating assigned by Crisil in September to Clean Max Enviro Energy’s corporate credit and NCD programme. The bonds are supported by a defined green-use-of-proceeds framework under which the funds will be allocated to large-scale renewable energy projects. CareEdge Advisory independently reviewed the framework for alignment with applicable Securities and Exchange Board of India regulations and the International Capital Market Association Green Bond Principles, 2025. Trust Investment Advisors acted as the sole arranger for the structured NCD issuance in the commercial and industrial renewable energy segment. The International Finance Corporation, the National Bank for Financing Infrastructure and Development, and India Infrastructure Finance Company anchored the issue. Aditya Birla Capital, IDFC First Bank, Nippon India Mutual Fund and select corporates also participated. Clean Max founder and managing director Kuldeep Jain said the transaction would channel institutional capital towards renewable energy and provide investors with another route to participate in the company’s growth. He added that the investor profile reflected confidence in the company’s fundamentals and contracted cash flows.

Related Stories

Gold Stories

Next Story
Real Estate

Japanese companies expand GCC operations in India

More than 100 Japanese companies have established or are expanding Global Capability Centres (GCCs) in India, with a growing focus on artificial intelligence (AI), engineering, digital innovation, product development, cybersecurity and advanced analytics. The shift marks an expansion beyond traditional back-office and operational support functions towards higher-value technology and innovation activities.Japanese companies are increasingly using their Indian GCCs to support digital transformation, address talent shortages and contribute to global business strategies. These centres are taking o..

Next Story
Real Estate

India’s flexible office stock projected to reach 160 million sq ft by 2030

India retained its position as the world's most mature flexible office market, scoring 100 per cent on Cushman & Wakefield's Flexible Office Market Maturity Index, according to the firm's Global Trends in Flexible Office 2026 report.India's flexible office inventory reached 88.7 million sq ft (MSF) in H1 2026, accounting for 10.5 per cent of the country's total office stock. The report projects this to exceed 100 MSF in 2026 and reach approximately 160 MSF by 2030.Flexible office operators leased 8.5 MSF across India's top eight cities in H1 2026, their strongest first-half performance to ..

Next Story
Infrastructure Urban

K2 Infragen appoints Abhishek Sharma as DGM, supply chain

K2 Infragen has appointed Abhishek Sharma as Deputy General Manager, Supply Chain Management. He will oversee procurement planning, vendor partnerships and coordination with project teams.Sharma brings nearly two decades of experience in infrastructure procurement across railways, highways, expressways and hydropower. His experience includes procurement responsibilities associated with the Delhi–Meerut Expressway and the Delhi–Vadodara greenfield corridor. ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code