Ravindra Energy Limited — Important, 11-02-2025: General Updates

Ravindra Energy Limited has shared significant updates on its Renewable Energy and Electric Vehicle businesses. For Renewable Energy, the company currently operates 42 MW and has 130 MW under construction, expecting commissioning of 40 MW by March 2025. It has secured a Letter of Award for another 44 MW project, with a target commissioning in July 2026. The company has also achieved a generation of 40.6 million units from April to December 2024 and traded 60.9 million units of renewable energy.

In the Electric Vehicle sector, Ravindra is piloting India’s first heavy vehicle battery swapping station and has six heavy electric vehicles in trials, anticipating a commercial rollout in May 2025. Financially, for the quarter ended December 2024, total income rose to Rs. 41.49 Cr, driven by solid EPC revenue, while profit after tax stood at Rs. 5.95 Cr. The company’s strategic focus on expanding its renewable offerings and electric vehicle capabilities indicates a positive outlook for future growth.