Clean Max acquires Kintech Solarbikaner to boost wind-solar hybrid capacity in Gujarat

Clean Max Enviro Energy Solutions' 100% acquisition of Kintech Solarbikaner Private Limited for INR 38.06 crore strategically positions the buyer for significant expansion into wind-solar hybrid projects within Gujarat. This transaction, announced on March 16, 2026, directly enables Clean Max to develop new hybrid assets, moving beyond its traditional solar power solutions focus. The full stake purchase suggests a clear intent for complete operational control and integration of Kintech's capabilities. Anticipated finalization by March 31, 2026, indicates a rapid execution timeline for this regional footprint expansion. Clean Max Enviro Energy Solutions, primarily known for developing and operating solar power solutions for commercial and industrial clients, is now expanding its technology scope with this hybrid acquisition. The purchase of Kintech Solarbikaner Private Limited allows Clean Max to leverage new capabilities for wind-solar integration in the Indian market. This move broadens Clean Max's renewable energy portfolio beyond its established on-site and off-site solar offerings. The deal specifically targets the state of Gujarat, indicating a focused regional growth strategy for Clean Max's operational footprint.