How much revenue is this new solar park expected to generate?

The project is expected to bring in approximately ₹184 crore in annual revenue based on conservative PPA tariffs.

What is the scale of this project relative to the company's total revenue?

The new capacity represents about 9.6% of the company's FY26 revenue of ₹1,913 crore, which qualifies as a material operational event.

Does this project help the company meet its annual growth targets?

Yes, it supports the company's guidance to add at least 1,500 MW of new capacity during the current fiscal year.

Which entity executed the project?

The solar park was commissioned by Clean Max Celestial Private Limited, a wholly-owned subsidiary of Clean Max.

Renewable Energy · Mid cap

Clean Max commissions 351.4 MWp solar park in Rajasthan

The Bikaner project adds roughly 9.6% to the company's FY26 revenue base, marking a key step toward its 1,500 MW capacity target for FY27.

CLEANMAX 26 May 2026 · 8:22 PM IST Verify on BSE · NSE

Mkt cap₹12,714 cr

P/E135.07×

ROE1.09%

Debt / eq.3.11

351.4 MWp New solar capacity commissioned in Bikaner.

What's new

Clean Max commissioned a 351.4 MWp solar park in Bikaner on 26 May 2026.
The project is expected to generate roughly ₹184 crore in annual revenue.
This addition represents 9.6% of the company's FY26 revenue of ₹1,913 crore.

Why this matters

This project is a material addition to the company's asset base, exceeding the 7% revenue threshold for mid-cap materiality. It provides tangible evidence of execution capability as the company works toward its 1,500 MW target for the current fiscal year.

What we're watching

Progress on the remaining capacity required to hit the 1,500 MW FY27 goal.
Actual revenue realization from the Bikaner PPA tariffs.
Any further project commissioning announcements in the coming quarters.

The full read

Clean Max has brought a 351.4 MWp solar park online in Bikaner, Rajasthan. Completed on 26 May 2026 through its subsidiary Clean Max Celestial Private Limited, the project is more than just a capacity expansion. It is expected to generate ₹184 crore in annual revenue, which accounts for 9.6% of the company's ₹1,913 crore revenue from FY26. This exceeds the 7% materiality threshold for mid-cap firms. The commissioning provides a clear signal of execution capability as the company pursues its target of adding 1,500 MW of new capacity in FY27. By hitting this milestone, Clean Max strengthens its operating asset base and maintains momentum toward its broader growth objectives for the year.

Questions answered

How much revenue is this new solar park expected to generate?: The project is expected to bring in approximately ₹184 crore in annual revenue based on conservative PPA tariffs.
What is the scale of this project relative to the company's total revenue?: The new capacity represents about 9.6% of the company's FY26 revenue of ₹1,913 crore, which qualifies as a material operational event.
Does this project help the company meet its annual growth targets?: Yes, it supports the company's guidance to add at least 1,500 MW of new capacity during the current fiscal year.
Which entity executed the project?: The solar park was commissioned by Clean Max Celestial Private Limited, a wholly-owned subsidiary of Clean Max.

Mentioned: Clean Max · Clean Max Celestial Private Limited · Bikaner

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