Ravindra Energy Reports Minor Fund Allocation Changes in Rs 180 Crore Preferential Issue 1 day ago
Ravindra Energy Limited (REL) disclosed slight modifications in the allocation of funds raised through its Rs 180 crore preferential issue. The company has utilized Rs 169.98 crore out of the total funds. Renewable Energy segment saw an increase in allocation to Rs 93.48 crore, while the Electric Vehicle segment's allocation was reduced to Rs 56.52 crore. General Corporate Purposes remained at Rs 30 crore. These modifications fall within the 10% deviation limit pre-approved by shareholders. India Ratings and Research Private Limited has been appointed as the monitoring agency for fund utilization.
Ravindra Energy Reports Robust Q1 Performance with 615% Surge in Net Profit 1 day ago
Ravindra Energy's Associate Achieves Milestone with India's First Battery-Swappable 55-Ton Electric Tractor 6 days ago
Ravindra Energy Divests 79% Stake in Hirehalli Solar Power Project LLP for ₹10.25 Crore Jun 12, 2025
Ravindra Energy Reports Profit Surge and EV Venture in Q4 May 27, 2025
More news about Ravindra Energy
22Apr 25
Ravindra Energy's UAE Subsidiary Receives Final Closure Order
Ravindra Energy Limited's wholly-owned subsidiary, Renuka Energy Resource Holdings FZE (RERH) in UAE's Sharjah Airport International Free Zone, has been issued a final closure order by local authorities. The company disclosed this information in compliance with SEBI regulations, following up on an earlier announcement made on March 28, 2025. While specific reasons for closure weren't provided, this development could signal a shift in Ravindra Energy's international operations and may have financial implications for the parent company.