Ravindra Energy

Ravindra Energy’s promoters created pledges over 21.708 lakh shares in favour of Tata Capital as security for a loan obtained by the company. Narendra Madhusudan Murkumbi pledged 3 lakh shares and Khandepar Investments Private Limited pledged 18.708 lakh shares on August 20. The additional encumbrance took pledged shares to 2.89113 crore, or 28.13% of promoter holdings and 14.56% of paid-up capital. A 31.305 lakh-share pledge in early August had taken promoter encumbrance to 26.01%. Ravindra Energy reported borrowings of ₹502.2 crore at FY26 year-end, while its renewable-energy portfolio stood at 261.2 MWp operating and 231.1 MWp under construction or development in August.

Powered by Tijori

Khandepar Investments Private Limited, a promoter of Ravindra Energy, created a pledge over 18,70,800 equity shares valued at ₹31.19 crore on August 20, 2026. The pledged shares represented 3.09% of Khandepar’s 6.05 crore-share holding, which remained 30.49% of Ravindra Energy’s equity after the transaction. Promoter encumbrance stood at 26.01% of promoter holdings after a separate 31.305 lakh-share pledge to Tata Capital in August. Ravindra Energy reported FY26 operating revenue of ₹563.7 crore and borrowings of ₹502.2 crore at the year-end.

Powered by Tijori

Ravindra Energy updated stakeholders on its solar generation portfolio and EIM electric-vehicle operations for the quarter ended June 30, 2026. Its operating renewable portfolio stood at 261.2 MWp across 77 locations, while another 231.1 MWp was under construction or development, taking the total portfolio to 492.3 MWp. EIM sold 58 electric heavy commercial vehicles and leased 29 during the quarter, reporting revenue of ₹427.9 million and a loss of ₹211.3 million. An electric-heavy-vehicle assembly plant with annual capacity of 5,000 units was scheduled for commissioning in October 2026, while CATL was to supply 0.5 GWh of LFP cells and pack kits for a battery assembly plant in Talegaon, Pune. Ravindra Energy's consolidated revenue doubled to ₹5,432 million in FY26, while its EBITDA margin rose to about 24%. Borrowings stood at ₹5,022 million at the year-end.

Powered by Tijori

Ravindra Energy's promoters created pledges over 31.305 lakh shares on August 5, with 5 lakh shares held by Narendra Madhusudan Murkumbi and 26.305 lakh held by Khandepar Investments pledged to Tata Capital as security for a loan to the company. The new pledges took total encumbered promoter shares to 2.674 crore, or 26.01% of promoter holdings and 13.47% of paid-up capital. Tata Capital had executed a ₹100 crore term loan in July for investments in Ravindra's solar project special-purpose vehicles. Ravindra's consolidated revenue rose to ₹543.2 crore in FY26, while year-end borrowings stood at ₹502.2 crore.

Powered by Tijori

Ravindra Energy Limited entered into a ₹100 crore term loan agreement with Tata Capital Limited on 30 July. The facility carries a floating interest rate of 12.50% per annum and is secured by a first charge on assets, personal and corporate guarantees from the promoter group, and an equity share pledge. The company had total borrowings of ₹502 crore at the close of the March 2026 quarter, with a debt-to-equity ratio of 1.19 times. It had just closed a ₹200 crore rights issue in June 2026 to part-fund its expanding solar portfolio, which includes 228.9 MWp of operational capacity and a 258 MWp pipeline. Ravindra Energy reported consolidated revenue of ₹543 crore for the year ended March 2026.

Powered by Tijori

Ravindra Energy's associate Energy In Motion Limited (EIM) has executed an agreement with Hindustan Petroleum Corporation Limited (HPCL) to establish and operate fast-charging and battery-swapping infrastructure for heavy commercial vehicles at select HPCL retail outlets across India. The partnership combines EIM's battery and fleet expertise with HPCL's nationwide network of over 25,000 outlets. EIM will deploy swap-and-charge hubs on key freight corridors such as Mumbai–Pune, Delhi–Jaipur and Chennai–Bangalore over the next 18–24 months, with HPCL providing the space, utilities and amenities. EIM owns and manages the battery inventory and hardware, while HPCL's outlets offer existing power connectivity, safety systems and round-the-clock staffing. Battery swapping allows drivers to exchange depleted batteries in approximately seven minutes, reducing downtime for long-haul fleet operators. EIM currently operates six heavy-duty swap stations in the Delhi-NCR and JNPA port areas and is targeting 40 operational heavy commercial vehicle swap-cum-charging stations by March 2027.

Powered by Tijori

July 27 (Reuters) - Ravindra Energy Ltd RAVI.NS:

• RAVINDRA ENERGY - ENERGY IN MOTION PARTNERS WITH HPCL FOR CHARGING AND BATTERY SWAPPING INFRASTRUCTURE ACROSS INDIA

• RAVINDRA ENERGY - EIM TARGETS 40 OPERATIONAL HEAVY COMMERCIAL VEHICLE SWAP-CUM-CHARGING STATIONS BY END MARCH 2027

Source text: ID:nNSEKqTwW

Further company coverage: RAVI.NS

(([email protected];))

Energy In Motion Ltd, an associate of Ravindra Energy, executed a Letter of Agreement with Chinese battery giant Contemporary Amperex Technology Co. (CATL) on 8 July to secure supplies of lithium iron phosphate cells and battery pack kits for its electric heavy trucks. CATL will deliver 0.5 gigawatt‑hours of its upgraded CB7T0 cells and L324D06 battery pack platform, which offer higher cycle life and volumetric density than EIM's previous cell model. EIM becomes the launch customer for this new generation of CATL battery systems in India and will integrate the packs into swappable 400.6 kWh boxes for its Ashwa 55‑tonne e‑tractor series. EIM, which already operates six heavy‑duty swap stations in the Delhi‑NCR and JNPA port areas, plans to have 40 such stations by March 2027. The tie‑up with CATL—which held a 39.2% share of the global power battery market in 2025—is expected to underpin EIM's expansion into long‑haul commercial freight applications. Ravindra Energy holds 49.54% of EIM and disclosed the development to the exchanges as a general business announcement.

Powered by Tijori

Khandepar Investments Private Limited, promoter of Ravindra Energy Ltd, pledged 76.1 lakh equity shares worth ₹111 crore on June 17, 2026. The pledge was disclosed to stock exchanges on June 18 under insider trading regulations. The promoter's total holding remains unchanged at 32.29% of the company. This is the second large pledge by the promoter within two weeks, following a 70-lakh-share pledge on June 9.

Powered by Tijori

Khandepar Investments Private Limited, the promoter of Ravindra Energy Ltd, pledged 70 lakh equity shares worth ₹90.09 crore on June 9, 2026. The transaction was disclosed to the stock exchanges on June 11 under insider trading regulations. The pledge does not change the promoter's ownership of 32.29% in the company. The shares were pledged with a lender, though the purpose was not disclosed in the filing. The move comes shortly after Ravindra Energy announced a ₹205 crore rights issue, suggesting the pledge may be related to financing of that capital raising or other corporate purposes.

Powered by Tijori

May 13 (Reuters) - Ravindra Energy Ltd RAVI.NS:

• RAVINDRA ENERGY LTD - TO CONSIDER RAISING FUNDS VIA RIGHTS ISSUE AT BOARD MEETING ON MAY 16, 2026

Source text: ID:nBSE5nHNJN

Further company coverage: RAVI.NS

(([email protected];))

April 20 (Reuters) - Ravindra Energy Ltd RAVI.NS:

• RAVINDRA ENERGY- ENERGY IN MOTION, DRIVN SIGNED MOU TO DEPLOY 1,000 ELECTRIC HEAVY DUTY COMMERCIAL VEHICLES

Source text: ID:nNSE7ynTJk

Further company coverage: RAVI.NS

(([email protected];))

March 25 (Reuters) - Ravindra Energy Ltd RAVI.NS:

• EIM PARTNERS WITH TRANSVOLT FOR SUPPLY OF 66 HEAVY ELECTRIC VEHICLES

• EIM TO PROVIDE SWAPPABLE BATTERY AND CHARGING SERVICE TO TRANSVOLT

Source text: ID:nNSE6lz95L

Further company coverage: RAVI.NS

(([email protected];))

Jan 9 (Reuters) - Ravindra Energy Ltd RAVI.NS:

• GETS LOA WORTH 2.25 BILLION RUPEES

Source text: ID:nnAZN4RT90Z

Further company coverage: RAVI.NS

(([email protected];))

Oct 12 (Reuters) - New Zealand will be boosted by the return of regular white-ball skipper Mitchell Santner and all-rounder Rachin Ravindra in this month's three-match Twenty20 series against England, but will be without key batter Kane Williamson, the national cricket body (NZC) said.

Santner and Ravindra both missed the T20 series against Australia earlier this month, with Michael Bracewell captaining the team. Ravindra was out due to a facial injury, while Santner was recovering from a recent abdominal surgery.

Williamson has an unspecified minor medical issue, media reports said. The NZC said the 35-year-old aims to return for the One-Day International series against England starting on October 26.

Pacer Ben Sears is also out due to a hamstring injury, the NZC added, while Finn Allen, Adam Milne, Will O’Rourke, Glenn Phillips and Lockie Ferguson remain unavailable with injuries.

New Zealand play the first T20 against England on Saturday in Christchurch.

New Zealand squad: Mitchell Santner (captain), Michael Bracewell, Mark Chapman, Devon Conway, Jacob Duffy, Zak Foulkes, Matt Henry, Bevon Jacobs, Kyle Jamieson, Daryl Mitchell, Jimmy Neesham, Rachin Ravindra, Tim Robinson, Tim Seifert.

(Reporting by Chiranjit Ojha in Bengaluru; Editing by Andrew Cawthorne)

(([email protected];))

April 22 (Reuters) - Ravindra Energy Ltd RAVI.NS:

• RAVINDRA ENERGY LTD - SHARJAH AIRPORT AUTHORITY ISSUES FINAL CLOSURE ORDER FOR RERH

Source text: ID:nBSE1kvdC2

Further company coverage: RAVI.NS

(([email protected];;))

Rewrites after Ben Sears injury

Feb 14 (Reuters) - A hamstring tear has forced out fast bowler Ben Sears from this month's Champions Trophy, New Zealand Cricket (NZC) said on Friday, while all-rounder Rachin Ravindra has eased back into training after being struck in the face by the ball in a fielding mishap.

Jacob Duffy, who is already with the team as part of the squad for the ongoing One-Day International (ODI) tri-series in Pakistan, will replace Sears in the Champions Trophy, the NZC said in a statement.

"Sears felt some pain in his left hamstring at the team’s first training in Karachi on Wednesday and a subsequent scan revealed a minor tear that would require at least two weeks’ rehabilitation," the statement added.

Ravindra, who lost sight of the ball in the floodlights when attempting a catch and was hit in the forehead during a match against Pakistan in Lahore last Saturday, still has concussion protocols to pass before returning to the field, coach Gary Stead said.

Though Ravindra passed his first Head Injury Assessment (HIA) immediately after the blow, Stead revealed the 25-year-old had suffered headaches in the following days and would need to tick off further HIA's to be passed fit.

He will therefore play no part in the ODI tri-series final against Pakistan in Karachi later on Friday and appears unlikely to be selected for the Champions Trophy opener against the hosts next Wednesday in the same city.

"He's had a headache for a few days but that's, I guess, subsiding which is really good news," Stead said in Karachi, declining to put a time-line on Ravindra's return.

"He had a few balls tonight for the first time, which is good, but there's still a few more steps for him to go through before he would be considered fit to play."

There was better news for pace bowler Lockie Ferguson, who Stead expected to return to action for Sunday's Champions Trophy warmup against Afghanistan in Karachi, if not for the tri-series final.

Ferguson suffered a hamstring strain while playing in the United Arab Emirates' ILT20 competition.

Having played plenty of cricket in Pakistan and with star batsman Kane Williamson firing on all cylinders, New Zealand will head into the rebooted Champions Trophy hopeful of winning their second title and first since the 2000 tournament in Kenya.

(Reporting by Ian Ransom in Melbourne; Editing by Michael Perry)

(([email protected]; Follow me on Twitter https://twitter.com/MyRansomNotes; +61 3 9286 1447;))

Jan 9 (Reuters) - Ravindra Energy Ltd RAVI.NS:

• APPROVES INCORPORATION OF 6 WHOLLY OWNED SUBSIDIARY COMPANIES

Source text: ID:nBSE7NYDyh

Further company coverage: RAVI.NS

(([email protected];;))

Sept 11 (Reuters) - Ravindra Energy Ltd RAVI.NS:

• RAVINDRA ENERGY - APPROVED ISSUE OF SHARES WORTH 1.8 BILLION RUPEES ON PREFERENTIAL BASIS

Source text for Eikon: ID:nNSE22RD6v

Further company coverage: RAVI.NS

(([email protected];))

May 7 (Reuters) - Ravindra Energy Ltd RAVI.BO:

• ENTERED INTO AGREEMENT FOR SALE OF ITS ENTIRE STAKE HELD IN PRERAK GREENTECH SOLAR TO AVENGERS RAYS

• DEAL FOR 215.2 MILLION RUPEES

Source text for Eikon: ID:nBSE8gGH0G

Further company coverage: RAVI.BO

(([email protected];;))

March 8 (Reuters) - Ravindra Energy Ltd RAVI.BO:

• RECEIVED LETTER OF AWARD FROM MAHARASHTRA STATE ELECTRICITY DISTRIBUTION CO

• LOA TO DEVELOP AND OPERATE 100 MW(AC) OF DECENTRALIZED FEEDER LEVEL PV SOLAR PROJECTS

• MSEDCL WILL ENTER INTO A 25 YEAR POWER PURCHASE AGREEMENT WITH REL

Source text for Eikon: ID:nBSE1pWbW0

Further company coverage: RAVI.BO

(([email protected];))

March 1 (Reuters) - Ravindra Energy Ltd RAVI.BO:

• APPROVED PROPOSAL TO UNDERTAKE BUSINESS OF SOURCING/ASSEMBLING OF HEAVY ELECTRIC VEHICLES

• WILL MAKE INITIAL INVESTMENT UP TO 500 MILLION RUPEES BY MARCH 2025

Source text for Eikon: ID:nBSE7ykWhD

Further company coverage: RAVI.BO

(([email protected];))

Jan 10 (Reuters) - Ravindra Energy Ltd RAVI.BO:

• TO CONSIDER DIVESTMENT OF STAKE HELD IN CERTAIN SUBSIDIARIES OF COMPANY

Source text for Eikon: ID:nBSE4YCs1j

Further company coverage: RAVI.BO

(([email protected];))

Jan 9 (Reuters) - Ravindra Energy Ltd RAVI.BO:

• UNIT ENTERED INTO A LONG TERM POWER PURCHASE AGREEMENT WITH TRANSITION ENERGY SERVICES

• AGREEMENT FOR BUYING 10 MW AC SOLAR POWER FROM ISTS CONNECTED PLANT IN RAJASTHAN

Source text for Eikon: ID:nBSE5lGnYk

Further company coverage: RAVI.BO

(([email protected];))

May 12 (Reuters) - Ravindra Energy Ltd RAVI.BO:

• MARCH-QUARTER CONSOL PROFIT 87.1 MILLION RUPEES VERSUS 189 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.14 BILLION RUPEES VERSUS 3.71 BILLION RUPEES

Source text for Eikon: ID:nBSEMtxG3

Further company coverage: RAVI.BO

(([email protected];))