Ravindra Energy surges as its associate company signs MoU with Drivn
Ravindra Energy is currently trading at Rs. 148.40, up by 3.00 points or 2.06% from its previous closing of Rs. 145.40 on the BSE.
The scrip opened at Rs. 146.45 and has touched a high and low of Rs. 151.80 and Rs. 146.45 respectively. So far 20210 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. 155.55 and Rs. 135.00 respectively. The current market cap of the company is Rs. 2652.57 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) and Drivn have signed Memorandum of Understanding (MoU) to deploy 1,000 electric heavy duty commercial vehicles. Under this partnership, the two companies will work together to deploy around 1,000 electric trucks over the next two years through Drivn’s customer network.
The collaboration will combine EIM’s vehicle and energy capabilities with Drivn’s leasing, financing and operational model, with a focus on improving access and reducing entry barriers for fleet operators. This includes support across vehicle supply, financing structures, deployment planning, lifecycle management and energy support.
As part of the agreement, Energy In Motion (EIM) and Drivn will jointly identify deployment opportunities, align on vehicle specifications, manage delivery timelines, and provide after-sales support, including maintenance and access to charging and battery-swapping solutions.
