Clean Max Enviro Energy Solutions turns profitable in Q1

The board approved raising up to ₹2,500 crore through non-convertible debentures on a private placement basis.

Founder and Managing Director Kuldeep Jain said the company added a record 500 MW of new capacity in the first quarter. "We are well on track to meet our guidance of adding a minimum of 1,500 MW of new capacity during the year," he said.

The profit marks a turnaround from a year earlier when the company reported a loss of ₹17 crore. The company statement said the improvement came from a larger base of stabilised assets and operating leverage.