Crisil assigns AA/Stable rating to Clean Max's corporate debt and Rs 2,500 crore NCDs

Clean Max Enviro Energy Solutions Limited ( (IN:CLEANMAX) ) has issued an update. Clean Max Enviro Energy Solutions Limited has received a Crisil AA/Stable credit rating for both its corporate credit profile and Rs 2,500 crore of non-convertible debentures. The rating acknowledges the company's sizeable, well-diversified renewable portfolio, solid counterparties and reliable asset performance, which together underpin predictable revenues. Crisil highlighted Clean Max's large 2.5 GW contracted pipeline, its proven execution capability and cautious approach to new builds, alongside comfortable leverage and strong liquidity including substantial cash reserves and debt service buffers. The AA rating is expected to support its funding plans for adding 1.5–2.0 GW of capacity annually while maintaining a manageable financial risk profile. More about Clean Max Enviro Energy Solutions Limited Clean Max Enviro Energy Solutions Limited is a leading renewable energy provider focused on commercial and industrial customers across solar, wind and hybrid projects. The company operates a 3.5 GW portfolio under long-term power purchase agreements with around 600 clients in India and multiple international locations, giving it diversified revenues and a strong counterparty risk profile. Its projects are spread over seven Indian states and about 1,600 onsite locations in four countries, with PPAs averaging 23 years, supporting stable cash flows. Clean Max maintains disciplined expansion policies, only advancing construction after securing key approvals, which helps contain implementation risks as it scales capacity. Average Trading Volume: 22,841 Technical Sentiment Signal: Strong Buy Current Market Cap: 158.3B INR See more data about CLEANMAX stock on TipRanks' Stock Analysis page. This story was written using TipRanks's AI tools and reviewed by a TipRanks editor. Disclaimer & DisclosureReport an Issue