Clean Max Rides India’s Data Centre Boom with ₹3,100 Crore IPO Plan

As India builds its digital backbone, clean energy demand is surging like never before.

India’s big data boom is no longer just a technology story; it is quickly becoming an energy story. As companies invest heavily in data centres and artificial intelligence (AI), the demand for clean and reliable power is rising sharply. Clean Max Enviro Energy Solutions is emerging as one of the biggest beneficiaries of this shift.

The Mumbai-based company, backed by global investor Brookfield, has built a contracted renewable energy portfolio of 5.97 GW. Of this, 2.80 GW is already operational, while another 3.17 GW is expected to go live over the next two years. What makes this growth story even more compelling is where the demand is coming from.

As of October 2025, 43.51% of Clean Max’s operational and contracted capacity is tied to data centres and AI clients. Just 18 months earlier, in March 2024, that figure stood at only 250 MW. It has since surged to 2,300 MW, an almost tenfold jump.

“In March 2024, data and AI as a customer segment for us was about 250 MW. It’s risen to about 2,300 MW… nearly half of our capacity is now for data and AI,” said Kuldeep Jain, Managing Director of Clean Max Enviro.

The company is now heading for a ₹3,100 crore initial public offering, priced between ₹1,000 and ₹1,053 per share. The issue opens on February 23 and closes on February 25. Proceeds from the fresh issue will be used to reduce debt.

With India rapidly building digital infrastructure, from cloud services to AI-driven platforms power demand is set to soar. Clean Max appears well positioned to power this next wave of growth, turning the country’s data boom into a renewable opportunity.