Ravindra Energy Limited has executed a loan agreement with Tata Capital Limited for a term loan facility of up to Rs 100 crore to fund investments in its solar project Special Purpose Vehicles (SPVs). The financing will be used for investment requirements at the solar project SPVs and is separate from project finance loans raised…
Ravindra Energy Limited has invested approximately Rs 150 crore in its associate company, Energy In Motion Limited (EIM), by subscribing to 45,67,463 equity shares through a rights issue. The investment will be used to repay inter-corporate deposits borrowed by EIM from Golden Green Innovations Private Limited, one of its promoters. Rights issue investment The shares…
Energy in Motion Limited (EIM), an associate of Ravindra Energy Limited, has commenced commercial operations at India’s largest battery swapping and charging station for heavy vehicles. The facility is located at the Nhava Sheva Freeport Container Terminal (NSFT) within Jawaharlal Nehru Port in Maharashtra. The automated, ground-based installation has an installed power capacity of 3…
Ravindra Energy Limited reported a sharp rise in renewable energy generation in the fourth quarter of FY26, supported by new capacity additions, while its electric vehicle (EV) business continued to incur losses amid ongoing network expansion. The company’s solar and wind portfolio generated 78.3 million kWh in Q4 FY26, compared to 16.0 million kWh in…
Ravindra Energy Limited (REL) received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for setting up 44 MW of decentralized solar power projects in Maharashtra on January 16, 2025. The project involves the development of 44 MW across 15 substations of MSEDCL for feeder-level solarization under MSKVY 2.0, part of…