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Latest news about Ravindra Energy

Ravindra Energy Limited Announces Q3FY26 Business Update for Renewable Energy and Electric Vehicle Operations 5 days ago

Ravindra Energy Limited announced its Q3FY26 business update showing 187 MW DC operational renewable energy capacity generating income as per target, with 295 MW additional capacity under construction and development. The electric vehicle segment sold 55 units in Q3FY26 generating ₹34.76 crores revenue, while the company secured ₹296 crores financial assistance from YES Bank Limited. The company plans to commission 8 additional swap stations by March 2026 supporting a 275-vehicle sales pipeline.

Ravindra Energy Limited Reports Strong Q3FY26 Results with 162% Revenue Growth 6 days ago

Ravindra Energy Shares Surge 11% After Securing ₹225 Crore Solar Project Deal with HESCOM Jan 09, 2026

Ravindra Energy Limited Secures 13 Solar Project Awards from HESCOM Worth ₹225 Crores Jan 09, 2026

Ravindra Energy Limited Secures 62 MW Solar Power Projects Worth ₹225 Crores from HESCOM Jan 09, 2026

More news about Ravindra Energy

06Dec 25

Ravindra Energy Provides ₹135 Crore Corporate Guarantee to Associate Entity

Ravindra Energy Limited has provided a corporate guarantee of ₹135 crores to its associate entity Energy In Motion Limited for credit facilities sanctioned by YES Bank Limited. This follows the company's earlier postal ballot seeking shareholder approval to increase financial assistance limits to EIM from ₹300 crores to ₹1,300 crores, demonstrating REL's strategic commitment to the electric vehicle sector through its 49.50% stake in EIM.

02Dec 25

Ravindra Energy Limited Schedules Board Meeting for Governance Changes

Ravindra Energy Limited (REL) has scheduled a Board of Directors meeting for December 5, 2025, to address key corporate governance matters. The agenda includes reconstituting committees following the resignation of Independent Director Mr. Robert Taylor, and considering the appointment of Mr. Apurva Chandra as a new Independent Director through a postal ballot for shareholder approval. These changes signify important shifts in the company's governance structure.

27Nov 25

Ravindra Energy's Independent Director Robert Taylor Resigns, Citing Professional Commitments

Robert Taylor, Independent Director of Ravindra Energy Limited, has submitted his resignation effective November 27, 2025. Taylor cited increased professional commitments, time constraints, and timezone differences affecting his ability to attend board meetings as reasons for his departure. The resignation will impact the company's board structure and governance. Taylor held no directorships in other listed entities and confirmed no additional material reasons for his resignation.

06Nov 25

Ravindra Energy Reports Strong Growth in Renewable Energy and EV Segments

Ravindra Energy Limited announced significant progress in its renewable energy and electric vehicle (EV) operations. The company reported an operating capacity of 187.3 MW in renewable energy, with 100 MW AC/135 MW DC commissioned under MSKVY Phase 1. In the EV segment, Ravindra Energy has commissioned two swap stations, sold 91 e-tractors, and secured a contract for transporting 50,000 MT per month. Financial results for H1 FY2025-26 show total revenue from operations at Rs 143.55 crore and profit after tax at Rs 38.65 crore. The company also appointed Mr. Apurva Chandra as an Additional Director in a non-executive, independent capacity.

05Nov 25

Ravindra Energy Reallocates Funds in Rs. 180 Crore Preferential Issue

Ravindra Energy Limited has modified its fund allocation for a Rs. 180 crore preferential issue of equity shares. The company increased allocation for Renewable Energy from Rs. 90 crore to Rs. 95.50 crore, decreased Electric Vehicle allocation from Rs. 60 crore to Rs. 54.50 crore, while maintaining Rs. 30 crore for General Corporate Purpose. The Rs. 5.50 crore reallocation falls within the pre-approved 10% deviation limit. The company has utilized Rs. 171.99 crore of the raised Rs. 179.99 crore. Ravindra Energy also reported progress in its renewable energy sector, with 187.3 MW operating capacity and ongoing projects, and advancements in its Electric Vehicle business.

05Nov 25

Ravindra Energy Postal Ballot Results: Shareholders Approve Independent Director Appointment

Ravindra Energy Limited successfully concluded its postal ballot process with shareholders approving three critical resolutions. The appointment of Mr. Apurva Chandra as Independent Director received exceptional 99.94% approval, while resolutions for loan guarantees and related party transactions with Energy in Motion Limited were approved with 99.31% majority each.

05Nov 25

Ravindra Energy Reports Q2 Profit Surge Despite Revenue Dip

Ravindra Energy Limited (REL) posted mixed Q2 FY2026 results with net profit rising 35.1% to ₹308.00 crore, despite a 26.4% revenue drop to ₹1,200.00 crore. EBITDA increased 33.3% to ₹372.00 crore, with EBITDA margin expanding to 30.95%. The company appointed Mr. Apurva Chandra as an Additional Director and approved the creation of subsidiaries for renewable energy projects. REL also modified fund allocation, increasing investment in Renewable Energy Business to ₹95.50 crore.

03Oct 25

Ravindra Energy Secures Financing for 120 MW Solar Projects in Maharashtra

Ravindra Energy Limited (REL) has been awarded two Letter of Awards (LOA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 120 MW(AC) decentralized feeder level solar projects. The projects, part of the 'Mukhyamantri Saur Krushi Vahini Yojana 2.0' scheme, will be spread across 23 sub-stations with a 25-year Power Purchase Agreement. REL has also secured financing for these projects, strengthening its position in Maharashtra's renewable energy sector.

21Sept 25

Ravindra Energy Targets 1 GW Renewable Capacity by 2028, Expands into EV Business

Ravindra Energy Limited (REL) has announced expansion plans for its renewable energy and electric vehicle businesses. In renewable energy, REL aims for a 1 GW operating portfolio by March 2028, currently having 158 MWp operational capacity. The company projects significant revenue growth, expecting Rs 801 crore revenue and Rs 128 crore EBITDA by FY27. In the EV sector, REL's subsidiary EIM has sold 125 e-tractors and plans a Rs 100 crore EV assembly plant in Pune. EIM targets sales of 1,000-1,500 e-tractors by FY27 and is developing battery technology and swap stations.

29Aug 25

Ravindra Energy's EIM Proposes ₹1,000 Crore Investment for Electric Truck Manufacturing in Maharashtra

Energy In Motion Private Limited (EIM), an associate of Ravindra Energy Limited, plans to sign an MoU with the Maharashtra government for a ₹1,000 crore electric truck and battery project in Pune. The venture includes manufacturing electric trucks, assembling batteries, and establishing a battery R&D centre. Ravindra Energy's board has also approved raising up to ₹500 crore through various means and plans to restructure its capital.

29Aug 25

Ravindra Energy Board Approves ₹500 Crore Fundraising Plan

Ravindra Energy's board has approved a plan to raise up to ₹500 crores through equity shares and convertible securities. This significant fundraising effort aims to strengthen the company's financial position and potentially support growth initiatives, debt reduction, working capital needs, or technology investments. The move signals a strong commitment to the company's future, although specific use of funds has not been disclosed.

09Aug 25

Bayer CropScience Reports Robust Q1 Performance with 17.4% Revenue Growth

Bayer CropScience Limited announced robust Q1 financial results, with total income from operations reaching ₹1,914.60 crores, a 17.4% year-on-year increase. Net profit after tax grew by 9.6% to ₹278.70 crores. The company's earnings per share stood at ₹62.01. These results reflect Bayer CropScience's strong market position and operational efficiency in India's agrochemical and biotechnology sector.

06Aug 25

Ravindra Energy Reports Minor Fund Allocation Changes in Rs 180 Crore Preferential Issue

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.

06Aug 25

Ravindra Energy Reports Robust Q1 Performance with 615% Surge in Net Profit

Ravindra Energy Limited reported a consolidated net profit of ₹228.00 million for Q1, up 307% year-over-year. Revenue increased by 615% to ₹1.63 billion. EBITDA grew to ₹279.00 million, but the EBITDA margin compressed to 17.14%. The sugar segment was the primary revenue driver. The company completed a preferential issue of equity shares, raising ₹1,800.00 million, and implemented an Employee Stock Option Scheme.

01Aug 25

Ravindra Energy's Associate Achieves Milestone with India's First Battery-Swappable 55-Ton Electric Tractor

Ravindra Energy Limited's associate, Energy in Motion Private Limited (EIM), has obtained CMVR Type Approval Certificate from ARAI for 'Ashwa', India's first 55-ton battery-swappable electric tractor. EIM completed its first commercial sale, marking its market entry. The Ashwa tractor complies with CMVR norms and offers a unique business model where tractors are sold without battery packs, while battery packs, charging infrastructure, and energy supply are provided through long-term contracts. This innovation aims to make electric heavy-duty vehicles more accessible and economically viable for transporters.

12Jun 25

Ravindra Energy Divests 79% Stake in Hirehalli Solar Power Project LLP for ₹10.25 Crore

Ravindra Energy Limited has divested its entire 79% stake in Hirehalli Solar Power Project LLP for ₹10.25 crore. This transaction results in Hirehalli Solar Power Project LLP no longer being a subsidiary of Ravindra Energy. The divestment marks a significant change in Ravindra Energy's portfolio and may indicate a strategic shift in the company's investment focus within the renewable energy sector.

27May 25

Ravindra Energy Reports Profit Surge and EV Venture in Q4

Ravindra Energy Ltd achieved a significant financial turnaround in Q4, posting a consolidated net profit of ₹129.00 crore compared to a loss of ₹634.00 crore in the previous year. Revenue surged to ₹1,600.00 crore from ₹301.00 crore year-over-year. The company's associate, Energy in Motion, has partnered with Beiqi Foton Motor Co. Ltd to launch electric heavy commercial vehicles in India, marking a strategic entry into the EV sector.

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.