CleanMax To Float Rs 31 billion (bn) IPO On 23 February

23 Feb 2026 CW Team

CleanMax plans to float an initial public offering of Rs 31 billion (bn) on 23 February, the company said in a filing. The proposed offer will mark a major capital markets move by the renewable energy developer as it seeks to expand operations and strengthen its balance sheet. The filing indicated that the issue size reflects the company's capital raising plans for capacity addition and general corporate purposes. The proposed timetable indicates a focused push to secure long term capital for operational scaling.

The company said the sale will provide fresh equity to support growth and deleverage existing borrowings, while positioning it for larger project bids. Observers expect investor appetite for green assets to support the listing and help determine pricing, the filing suggested. The timeline set for the offer suggests the company aims to complete listing in the near term. Investor subscription patterns will be monitored closely during the bookbuilding window.

The share sale follows a trend of renewable energy firms tapping public markets to fund expansion and will attract attention from institutional investors and retail participants. The company will disclose further details on price band, bidding dates and allocation in subsequent filings, which investors will scrutinise to assess valuation. The move is likely to be watched by peers and policymakers tracking the clean energy transition. Market participants will evaluate the pricing in relation to renewable sector benchmarks and recent listings.

If the offer proceeds as planned, the funds are expected to bolster the company's pipeline and enable delivery of projects under construction, the filing added. Bankers and legal advisers are managing preparations, with bookbuilding and regulatory approvals forming part of the process. The timing comes amid a broader push for renewable capacity and increasing capital flows into sustainable infrastructure.

Infrastructure Urban

20 Mar 2026

Lemon Tree Hotels Signs Resort In Lonavala Maharashtra

Lemon Tree Hotels Limited (LTHL) has signed a licence agreement for Lemon Tree Resort in Lonavala, Maharashtra, with the asset to be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of LTHL. The resort will offer 50 well appointed rooms and will include a restaurant, banquet, meeting room, swimming pool, spa and fitness centre. The company described the addition as part of its strategy to expand branded resort offerings in key getaway destinations. Lonavala, located in the Sahyadri hills, is a popular leisure destination in western India known for scenic landscapes and a ..

Kalai Chettinad Art And Architecture Festival At The Lotus Palace

The Lotus Palace Chettinad will host Kalai, the Chettinad Art and Architecture Festival, a four-day, three-night immersive celebration of the artistic legacy of Chettinad from three to six April 2026. The event has been organised by Apeejay Surrendra Park Hotels Limited (ASPHL) and will take place across restored heritage properties in Chettinad. It will be designed to offer guests a layered experience of place, structure and story that connects art, architecture and living traditions. The festival aims to present a confluence of global influences and local aesthetics. Kalai has been curated i..

SJVN Reaches One bn Units At 1,000 MW Bikaner Solar Project

SJVN Limited (SJVN) has reached a milestone with its 1,000 megawatt (MW) Bikaner Solar Power Project by generating one bn units of electricity on 20 March 2026. The achievement underscores the company's role in supplying clean and sustainable energy to the national grid. The generation milestone was recorded within months of the project commencing operations and highlights rapid performance from the new facility. The Bikaner project, located in Bikaner district of Rajasthan, has been developed and implemented by SJVN Green Energy Limited (SGEL) under the Central Public Sector Undertaking Schem..