Ravindra Energy Ltd.
130.10
INR
-4.55
(-3.38%)
Ravindra Energy Ltd.
BSE:RELTD
(Bombay Stock Exchange)
Recent
price
130.10
P/E
ratio
60.54
div
yld
- -
ROIC.AI
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- Business
- Ravindra Energy Ltd engages primarily in the renewable energy sector, selling solar pumps, developing and setting up solar generation power plants including ground-mounted and rooftop systems, generating and selling power, and trading in commodities such as sugar and coal. The company offers solar photovoltaic power pumping systems for irrigation, utility-scale solar projects, rooftop solar installations, solar pump inverters and kits; it undertakes engineering, procurement, construction, operation, and maintenance services for solar power projects, with accreditations from the Ministry of New and Renewable Energy as an empanelled supplier of solar water pumps and a roof channel partner. Incorporated in 1980 and headquartered in Belgaum, Karnataka, India, Ravindra Energy Ltd operates principally across the states of Karnataka, Maharashtra, and Rajasthan, targeting farmers for irrigation solutions, utilities, commercial entities for rooftop systems, and government schemes like KUSUM; it functions as a holding company with involvement in special purpose vehicles and limited liability partnerships for project execution, and operates as a subsidiary of Murkumbi Investments Private Limited. Recent developments include the commissioning of the Dudhgaon solar project and 130 MWp KUSUM C project in early 2025, receipt of Letters of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 120 MW AC solar PV projects under MSKVY Phase 3 across 23 substations with a 25-year power purchase agreement and scheduled completion by March 2027, declaration as lowest bidder (L1) in a 62 MW AC HESCOM tender, expansion of operating capacity to 187.3 MW with 182 MW under development as of late 2025, a Rs 180 crore preferential equity issue with minor fund reallocations between renewable energy and electric vehicle segments, entry into the electric vehicle business with commissioned battery swap stations at JNPA Port in Navi Mumbai and NCR's NH-44-Sonepat, sales of 91 e-tractors against an order book of 185 units, and receipt of a letter of intent from a major cement company for transporting 50,000 MT per month under a long-term contract; the company also appointed Mr. Apurva Chandra as an independent director in November 2025 and reported H1 FY26 revenue of Rs 245.48 crore with PAT of Rs 56.16 crore. Formerly known as Ravindra Trading and Agencies Limited until its name change in 2010, the company has undertaken prior amalgamations including Shree Renuka Energy Limited in 2014 and Agri Venture Trading and Investment Private Limited in 2023, alongside partnerships expanding its special purpose vehicles from 11 to 15 for an aggregate project capacity of 34 MW.