Temasek-led Consortium in Talks for Rs 15 bn Pre-IPO Round

13 Feb 2026 CW Team

A Temasek-led consortium is in advanced talks to invest Rs 15 billion (Rs 15 bn) in Clean Max Enviro Energy in a pre-initial public offering funding round, according to people familiar with the matter. The prospective financing is intended to provide capital for operational expansion and to strengthen the company's balance sheet ahead of a planned public listing. The discussions reflect continued investor appetite for renewable energy platforms in the region.

Clean Max Enviro Energy is a renewable energy developer that provides sustainable power solutions to commercial and industrial customers and operates across multiple states. The company has pursued rooftop and captive power projects as part of its service mix and has positioned itself to capitalise on corporate demand for green power. A successful pre-IPO raise would allow the firm to accelerate project pipelines and invest in technology and capacity.

The Temasek-led consortium would bring strategic capital and governance experience, which may be leveraged to prepare the company for public market scrutiny and compliance requirements. Pre-listing rounds in the sector have been used to shore up working capital, de-risk project execution and fund acquisitions that expand scale and service offerings. Investors typically conduct detailed due diligence and structure terms to protect downside while enabling growth.

Final terms of the transaction, including exact stake and valuation metrics, remain under negotiation and are subject to regulatory approvals and customary closing conditions. Market participants expect the timetable for completion to depend on completion of due diligence and board approvals from the investing parties. Should the round close, it would mark one of the larger private financings in the renewable space in recent times.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..