- Business
- Ravindra Energy Limited Ravindra Energy Limited (RELTD.BO) operates as an India-based company primarily engaged in the renewable energy sector; it sells solar pumps, develops and sets up solar generation power plants including ground-mounted and rooftop installations, and generates and sells power. The company undertakes projects relating to solar photovoltaic power pumping systems, utility-scale solar services, rooftop solar systems, and solar water pumping solutions; it also trades in sugar and coal. Incorporated in 1980 and headquartered in Belgaum, Karnataka, Ravindra Energy Limited conducts operations across states including Karnataka, Maharashtra, and Rajasthan, with accreditations from the Ministry of New and Renewable Energy as an empanelled supplier of solar water pumps and roof channel partner. Recent developments include securing two Letters of Award (LOAs) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 120 MW solar PV projects across 23 substations under a 25-year power purchase agreement; as of H1 FY26, the company reports 187.3 MW operating capacity, 120 MW under LOA, and 182 MW in development, alongside a preferential issue of Rs180 crore with minor reallocations between renewable and electric vehicle segments. Through its joint venture, it has launched India's first swappable-battery heavy-duty e-truck and charging station, expanding into electric vehicle activities.