Gujarat Alkalies and Chemicals Share Price Surges 4%; Partners with CleanMax to Accelerate Industrial Decarbonisation

Written by: Team Angel OneUpdated on: 3 Jun 2026, 5:21 pm IST
Gujarat Alkalies and Chemicals has partnered with CleanMax for a 160.24 MW hybrid renewable energy project that will power its Dahej and Vadodara manufacturing facilities.
Gujarat Alkalies and Chemicals Share Price Surges
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Gujarat Alkalies and Chemicals Limited (GACL) has entered into a renewable energy partnership with Clean Max Enviro Energy Solutions Limited (CleanMax) to source hybrid wind and solar power for its manufacturing operations in Gujarat.  

The project forms part of GACL's efforts to increase clean energy usage across its industrial facilities while supporting long-term sustainability objectives. 

Hybrid Renewable Energy Capacity Planned Across 4 Sites 

Under the agreement, CleanMax will develop a hybrid renewable energy project comprising 75.90 MW of wind capacity and 84.34 MWp of solar capacity.  

The power generated will be supplied to GACL's manufacturing units located at Dahej and Vadodara through a group captive structure. 

The project will be spread across four renewable energy locations in Gujarat: Kalikanagar, Aji Dahisarda, Rajula, and Ghuntu. GACL will utilise 100% of the electricity generated from the facilities for its manufacturing requirements. 

The development will be executed in 2 phases. Phase-1 includes 16.50 MW of wind capacity and 21.701 MWp of solar capacity, while Phase-2 will add 59.40 MW of wind capacity and 62.64 MWp of solar capacity.  

Both phases are expected to be commissioned in line with agreed project timelines. 

Project Expected to Deliver Environmental Benefits 

Once operational, the facilities are expected to generate approximately 36.9 crore units of clean electricity annually.  

The renewable energy output is projected to reduce carbon dioxide emissions by around 2,64,204 tonnes every year. 

According to project estimates, the environmental impact would be comparable to planting nearly 15.27 million trees annually.  

The initiative is also expected to support GACL's transition towards cleaner industrial operations and contribute to broader net-zero ambitions. 

Companies Highlight Sustainability and Industrial Efficiency 

As per the exchange filings, commenting on the partnership, Avantika Singh, IAS, Managing Director of Gujarat Alkalies and Chemicals Limited, said, "At GACL, sustainability is a central pillar of our long-term growth strategy." 

She added, "Our partnership with CleanMax enables us to integrate hybrid renewable energy into our power mix, strengthening energy reliability while advancing our commitment to reducing the environmental impact of our manufacturing processes." 

GACL noted that renewable energy adoption is particularly important in the chlor-alkali industry, where manufacturing operations require significant energy consumption.  

The company believes greater renewable integration can support both environmental objectives and operational efficiency. 

CleanMax Expands Industrial Decarbonisation Efforts 

As of 31 March 2026, CleanMax had approximately 844 MW of operational renewable energy capacity in Gujarat. The company stated that favourable open-access policies and strong renewable energy resources in the state continue to support industrial clean-energy adoption. 

Kuldeep Jain, Founder and Managing Director of Clean Max Enviro Energy Solutions Limited, said, "Our partnership with GACL demonstrates how large manufacturing companies can transition to renewable energy at scale while maintaining operational reliability." 

Jain added, "This also marks the single largest group captive deal for CleanMax." 

Read More: Aditya Birla Group Leads Race to Acquire Shell’s Sprng Energy: Report! 

Gujarat Alkalies and CleanMax Share Price Performance  

As of 03 June 2026, at 11:20 AM, Gujarat Alkalies and Chemicals Limited share price is trading at ₹693.00 per share, reflecting a surge of 4.23% from the previous closing price.  

As of 03 June 2026, at 11:20 AM, Clean Max Enviro Energy Solutions Limited share price is trading at ₹1,146.80 per share, reflecting a surge of 2.05% from the previous closing price.  

Conclusion 

The partnership between GACL and CleanMax brings together 75.90 MW of wind capacity and 84.34 MWp of solar capacity to support renewable energy consumption at GACL's manufacturing facilities. The project is expected to contribute to industrial decarbonisation while delivering significant clean energy generation and carbon emission reductions. 

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi 

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: Jun 3, 2026, 11:50 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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