CleanMax Enviro Energy Solutions Pvt Ltd’s group company, Yashaswa Power LLP, has secured state approval in Andhra Pradesh for a 200 MW solar park. As per the news reports, the project entails an estimated investment of ₹1,200 crore.
It will be located at Beechiganipalle and adjoining villages in Parigi Mandal of Sri Sathya Sai district. The planned configuration is 200 MW AC with a DC capacity of 300 MWp.
The proposed park will span around 1,200 acres, most of which is privately owned land. Power from the project will be connected to the 400/220 kV APTRANSCO Hindupur substation for evacuation into the state grid.
Reports suggest that the plant is expected to generate roughly 445 million units of electricity each year. The development may create about 690 direct and indirect jobs during construction and subsequent operations.
The clearance falls under the state’s Integrated Clean Energy Policy issued in 2024, which outlines a framework for expanding renewable capacity and related infrastructure.
The approval comes as CleanMax moves ahead with its ₹3,100 crore Initial Public Offering (IPO). The issue is scheduled to open from 23 to 25 February 2026, with a price band fixed at ₹1,000 to ₹1,053 per share. Listing is proposed on the BSE and NSE in early March.
The offer comprises a fresh issue of ₹1,200 crore and an offer for sale of ₹1,900 crore by existing shareholders. The company has indicated that funds raised through the fresh issue will be used largely to reduce outstanding debt and for general corporate purposes.
Anchor investors in the offering include Temasek Holdings and SBI Life Insurance.
Established in 2010, CleanMax provides renewable power to more than 550 corporate clients. Its operational portfolio stands at about 2.5 GW across solar, wind and hybrid projects, with further capacity under development.
Read More: Practo in Talks to Raise $125 Million in Pre-IPO Round at $700 Milion Valuation!
The 200 MW project adds to the company’s development pipeline ahead of its public issue. It also contributes to Andhra Pradesh’s planned increase in renewable energy capacity.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 25, 2026, 2:39 PM IST
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