Shares of Clean Max Enviro Energy Solutions Limited jumped as much as 15% to hit a day high of Rs 1,421.20 on NSE on Wednesday, 10 June, after the company announced a major renewable energy partnership with Meta Platforms. The stock traded around 10% higher during morning trade as investors reacted to the announcement.

The deal is straightforward. Clean Max will build and run 837 MW of new solar and wind projects across Rajasthan and Karnataka for Meta. 

In return, Meta buys 100% of the clean energy credits generated by these projects, helping the tech giant meet its own target of running entirely on renewable power.

This is not the first time the two companies have worked together. The 837 MW being added now takes the total partnership between CleanMax and Meta past 900 MW when you count projects already announced before today.

The Meta tie-up is part of a bigger push by the social media company into India’s infrastructure. On the same day, Meta and Reliance Industries announced a separate deal for a 168 MW AI data centre in Jamnagar, Gujarat. 

CleanMax noted that data centre and AI infrastructure clients now account for 42% of its contracted renewable energy sales.

As of FY26, Clean Max’s total contracted renewable energy portfolio stood at 5.7 GW. Around 74% of new capacity signed in the year came from existing clients, which tells you the company is holding on to its customers rather than constantly chasing new ones. 

The firm serves 588 customers across technology, manufacturing and industrial sectors. CARE Ratings upgraded the company’s credit rating to CARE AA-/Stable in May 2026.

At 11:16 am on NSE, CLEANMAX was trading at Rs 1,355.90, up 10.02% on the day. The stock has gained nearly 56% so far this year.

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