Ravindra Energy rises on securing two LOAs from MSEDCL
Ravindra Energy is currently trading at Rs. 168.05, up by 3.05 points or 1.85% from its previous closing of Rs. 165.00 on the BSE.
The scrip opened at Rs. 168.90 and has touched a high and low of Rs. 173.25 and Rs. 167.95 respectively. So far 5542 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 191.65 on 22-Sep-2025 and a 52 week low of Rs. 93.10 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 173.25 and Rs. 158.00 respectively. The current market cap of the company is Rs. 3071.14 crore.
The promoters holding in the company stood at 64.77%, while Institutions and Non-Institutions held 4.88% and 30.35% respectively.
Ravindra Energy has secured two Letter of Awards (LOA) from Maharashtra State Electricity Distribution Company (MSEDCL) to develop and operate an aggregate capacity of 120 MW(AC) of decentralized feeder level photovoltaic (PV) solar projects in Maharashtra state. The 120 MW (AC) projects are spread across 23 sub-stations of MSEDCL. In this regard, the company and MSEDCL will enter into a 25 years Power Purchase Agreement.
Ravindra Energy seeks to create a leading position in the provision of solar energy utilising the unique characteristics of solar PV generation.
