Ravindra Energy Limited — Important, 16-01-2025: General Updates

Ravindra Energy Limited has secured a Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop and operate decentralized feeder level PV solar projects with an aggregate capacity of 44 MW (AC). These projects will span 15 sub-stations and are backed by a 25-year Power Purchase Agreement (PPA) with MSEDCL, featuring an average tariff of ₹3.10 per unit. Additionally, the projects will receive central financial assistance of ₹1.05 crore per MW under the Government’s KUSUM C Scheme. This development positions Ravindra Energy to capitalize on the growing demand for renewable energy in Maharashtra, indicating a positive outlook for operational expansion and revenue generation. Investors should watch this space for further updates on implementation and performance.