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 / Q4-FY26 / risks
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Material risks this quarter
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.