Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Clean Max surges 15% to record high on 900 MW partnership with Meta
Clean Max Enviro Energy Solutions and Meta have announced a 900 MW renewable energy partnership in India.
Clean Max shares rally 15% on expanding Meta renewable energy partnership beyond 900 MW
Under the agreement, Meta will purchase 100% of the environmental attributes generated by these projects as part of its efforts to match its electricity consumption with 100% clean and renewable energy and reduce value-chain emissions in the region.
CleanMax shares jump 15% to record high: Why the stock is rising today - India Today
CleanMax shares jump 15% to record high: Why the stock is rising todayIndia Today
CleanMax gains after signing 900 MW clean energy deal with Meta
CleanMax Enviro Energy Solutions rose 2.98% to Rs 1,271.05 after the company announced a renewable energy partnership with Meta Platforms Inc. that will support the development of more than 900 MW of renewable energy capacity in India.
Reliance, Meta announce Jamnagar data centre; CleanMax to supply over 900 MW renewable energy capacity
Meta Platforms is investing heavily in India's digital future. The company is partnering with Reliance Industries to build a new data center in Gujarat. This facility will support Meta's global AI needs. Additionally, Meta is expanding its renewable energy partnership with CleanMax. This collaboration will add over 900 MW of solar and wind power capacity.
CleanMax shares soar 15% to record high on Meta partnership
CleanMax Enviro Energy Solutions shares surged 15% to a 52-week high after announcing a 900 MW renewable energy partnership with Meta Platforms. The projects include solar and wind assets, with Meta purchasing 100% of environmental attributes. The deal strengthens Meta’s clean energy goals and reinforces CleanMax’s position in India’s C&I renewable energy market, backed by strong long-term customer contracts.
CleanMax and Meta announce 900 MW renewable energy deal
Meta Platforms, Inc. (NASDAQ: META) and Clean Max Enviro Energy Solutions (CleanMax) have announced a ~900 MW renewable energy partnership in India. Together, the companies will support the development of 837 MW of new solar and wind capacity across Rajasthan and Karnataka. Combined with previously announced projects, the partnership now represents more than 900 MW of renewable energy capacity.
Edelweiss Alternatives’ Subahoo Chordia quits, likely to launch own fund
Subahoo Chordia, a key figure at Edelweiss Alternatives, has departed to launch his own infrastructure fund. He was instrumental in building the firm's real assets and infrastructure business, managing substantial assets and spearheading significant deals. Chordia's departure follows a successful tenure marked by substantial fundraising and strategic acquisitions in the infrastructure and clean energy sectors.
Payal Industrial Park, Fourier partner on hydrogen energy storage pilot
Payal Industrial Park is partnering with Fourier, an energy startup. They will deploy a hydrogen-powered energy storage system in Dahej, Gujarat. This collaboration aims to provide industries with reliable, 24/7 clean electricity. The system generates hydrogen on-site, reducing costs and logistics. This initiative supports India's green hydrogen goals and offers energy independence for industrial parks.
Samvardhana Motherson commissions its maiden captive solar project in Uttar Pradesh
Samvardhana Motherson International, through its energy business company, Motherson New Energy (MNEL), has commissioned its first ground-mounted captive solar power project in Uttar Pradesh via its subsidiary Onega Solar. Located in Mahoba, the 15 MWp solar facility will supply clean, renewable energy to multiple Motherson manufacturing plants across the state, marking a significant milestone in the Groups clean energy transition strategy.
Inox India rallies 7% on heavy volumes; hits new high in weak market
Looking ahead, Inox India management remains optimistic about opportunities across LNG infrastructure, aerospace, clean energy, scientific infrastructure, and advanced cryogenic applications.
UP Electricity Regulatory Commission approves long-term procurement of 511 MW hydropower from Bhutan project
UPERC clears UPPCL plan to buy 511 MW hydropower from Bhutan Khorlochhu project via TPTCL, aiding Uttar Pradesh demand and clean energy targets.