Energy infrastructure solutions company APAR Industries will procure hybrid captive power of 7.34 MW solar and 9.90 MVA from wind turbine generators from Clean Max Rudra, a special purpose vehicle (SPV) of Clean Max Enviro Energy Solutions.

The projects are located in Kalikanagar, Rajkot, Gujarat.

Under the arrangement, APAR will hold a 26% stake in the SPV, while Clean Max will hold the remaining 74%. The SPV will retain rights to operate both the project and the entity.

APAR has already invested ₹113.8 million (~$1.23 million) in the SPV for three turbines, and will make an additional ₹107.6 million (~$1.16 million) investment by acquiring fresh equity shares with a face value of ₹10 (~$0.11) each, while maintaining the same shareholding ratio.

The company has significantly strengthened its internal renewable energy initiatives, particularly by commissioning a wind–solar hybrid power system comprising a 3.30 MW wind turbine and 2.80 MW of solar capacity, which has significantly contributed to increasing the share of renewable energy in its total consumption from 3.7% in FY 2023 to 9.9% in FY 2025.

APAR’s renewable energy consumption reached 18,638 MWh in FY 2025.

The company focuses on innovation in sustainable products, including the development of biodegradable transformer oils and high-performance cables tailored for renewable applications. These innovations not only improve equipment efficiency but also reduce the environmental impact of energy systems.

Recently, Clean Max reported a total income of ₹4.66 billion (~$50.45 million) in the third quarter of FY 2026, up 13.9% year-over-year from ₹4.09 billion (~$44.28 million).

The company reached 3 GW of operational renewable energy capacity and 5.7 GW of contracted capacity as of March 1, 2026. Its contracted but unexecuted renewable capacity stood at around 2.7 GW. Demand from data centers and AI customers accounted for 42% of CleanMax’s contracted portfolio, about 2.4 GW.