Ravindra Energy surges as its associate company inks pact with HPCL
Ravindra Energy is currently trading at Rs. 174.35, up by 2.90 points or 1.69% from its previous closing of Rs. 171.45 on the BSE.
The scrip opened at Rs. 174.75 and has touched a high and low of Rs. 179.00 and Rs. 173.40 respectively. So far 11011 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. 179.30 and Rs. 168.25 respectively. The current market cap of the company is Rs. 3477.59 crore.
The promoters holding in the company stood at 58.26%, while Institutions and Non-Institutions held 6.26% and 35.48% respectively.
Ravindra Energy’s associate company -- Energy In Motion (EIM) has executed an agreement with Hindustan Petroleum Corporation (HPCL) to establish & operate fast charging cum battery swapping infrastructure for heavy commercial vehicles at select HPCL retail outlets across India. HPCL operates a network of over 25,000 retail outlets nationwide, including on all major highways and expressways.
Under the agreement, EIM will deploy charging and battery swapping infrastructure at HPCL retail outlets in a phased rollout. The company plans to establish swap-and-charge hubs on key freight corridors - including Mumbai-Pune, Delhi-Jaipur and Chennai-Bangalore - over the next 18 to 24 months and expanding progressively thereafter. The stations will serve electric commercial vehicles and will be integrated with EIM’s technology platform for real-time availability, digital payments and remote monitoring.
The partnership is structured to combine the strengths of each party. EIM owns and manages the battery inventory and swap-and-charge hardware, while HPCL provides the space, utilities and common amenities at its outlets. This division allows each partner to contribute what it does best - EIM its electric-vehicle fleet expertise and battery infrastructure, HPCL its established, well-located retail network - and enables charging capacity to be rolled out faster and more efficiently than either could achieve alone.
Hindustan Petroleum outlets combine a prominent highway or urban location with existing power connectivity, forecourt space, safety systems and round-the-clock staffing - the conditions that determine whether public charging is dependable in practice. The partnership addresses the two constraints most often cited by electric vehicle operators: reliable availability, and confidence on long-distance routes.
Battery swapping, offered alongside conventional charging, allows drivers of suitable commercial vehicles to exchange a depleted battery for a charged one in 7 minutes. For fleet operators moving goods over long distances, this materially reduces vehicle downtime and improves daily utilisation and earnings.
