Rajasthan CTU grid curtailment
The 525 MW CTU project in Rajasthan faces ~30% curtailment currently, impacting ~12% of run-rate EBITDA. Grid expects resolution by September 2026, but management advises conservatism.
CLEANMAXENVIROENERGYSOLU / bear-case history
Track the concerns that keep returning.
Clean Max Enviro · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
Deviation Settlement Mechanism (DSM) impact
New DSM rules could increase costs for power producers. Management is still assessing impact and expects to provide clarity in 3-4 months.
ALMM implementation and module price uncertainty
Domestic module prices may rise after ALMM takes effect from June 2026, potentially increasing project costs. Management expects tariffs to adjust but notes uncertainty.