Ravindra Energy jumps as its associate company inks 500 MWh battery pack deal with CATL
Ravindra Energy is currently trading at Rs. 182.70, up by 2.75 points or 1.53% from its previous closing of Rs. 179.95 on the BSE.
The scrip opened at Rs. 181.80 and has touched a high and low of Rs. 196.20 and Rs. 180.60 respectively. So far 2.58 lakh shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 196.20 on 09-Jul-2026 and a 52 week low of Rs. 110.63 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 196.20 and Rs. 164.20 respectively. The current market cap of the company is Rs. 3,651.32 crore.
The promoters holding in the company stood at 63.66%, while Institutions and Non-Institutions held 4.79% and 31.55% respectively.
Ravindra Energy’s associate company -- Energy In Motion (EIM) has executed a Letter of Agreement (LoA) with Contemporary Amperex Technology Co. (CATL) to establish a supply partnership for the supply of its Lithium Iron Phosphate (LFP) cells and battery pack kits to EIM in India.
Under the agreement, CATL will supply 0.5 GWh (500 MWh) of its LFP cells consisting of the upgraded CB7T0 cell Model & L324D06 battery pack platform. This latest cell and pack model for heavy commercial vehicles has significantly higher cycle life and volumetric density compared to the previous cell model CB230 used by EIM. The packs will be configured into 400.6 kWh systems for integration into EIM’s E-Tractor 4x2 Ashwa series.
EIM will be the launch customer for this new generation of CATL battery systems in India. These will be fitted into swappable battery boxes by EIM which are customized for India’s high ambient temperature operating conditions.
EIM is building an electric heavy commercial vehicle ecosystem including megawatt-scale charging/swapping stations across the country. It’s first electric heavy vehicle namely the Ashwa 55-ton e-tractor was launched on August 1, 2025. EIM has already commissioned six heavy-duty swap stations in Delhi-NCR region & JNPA port area with a daily swap capacity of 840 battery swaps/day. EIM is targeting 40 operational heavy commercial vehicle swap cum charging stations by the end of March, 2027. CATL, the world’s largest battery manufacturer, held a 39.2% share of global power battery market in 2025. The company has a market capitalisation of around $280 billion.
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