Clean Max Enviro Energy Solutions shares surged as much as 15 percent on Wednesday after the company announced a renewable energy partnership with Meta Platforms in India.


The stock hit a fresh all-time high of Rs 1,421.20 per share on the NSE, up 15.32 percent from its previous close.

Later, the stock pared some gains amid profit booking and was trading at Rs 1,338 per share, up 8.57 percent, at around 11:30 am.

The stock has risen for seven consecutive sessions and has gained nearly 25 percent during the period.

Shares opened with a gap-up of 9.54 percent after the company informed exchanges that Meta Platforms and Clean Max Enviro Energy Solutions have announced a renewable energy partnership of about 900 MW in India.

According to the company, the partnership will support the development of 837 MW of new solar and wind capacity across Rajasthan and Karnataka. Including previously announced projects, the collaboration now represents more than 900 MW of renewable energy capacity.

CleanMax said its renewable energy projects will support Meta's efforts to add new generation to the grid, advance its goal of matching its electricity use with 100 percent clean and renewable energy, and help address the company's value chain emissions in the region.

"Meta connects billions of people every day through platforms such as Facebook, Instagram, WhatsApp and Threads while helping shape the future of digital and AI infrastructure. We are thrilled to partner with Meta," Clean Max Enviro Energy Solutions Ltd Founder and Managing Director Kuldeep Jain said.

The company said it will develop and operate 837 MW of new renewable energy capacity across Rajasthan and Karnataka through large-scale solar and wind project, while Meta will purchase 100 per cent of the environmental attributes generated by these projects.