Alice Blue Home
URL copied to clipboard

Trending News

Ravindra Energy: Stock jumps after securing two LOA’s from MSEDCL

Ravindra Energy Limited has received two LOAs from MSEDCL to develop 120 MW solar PV projects across 23 substations in Maharashtra under a 25-year PPA.

Introduction

Leading renewable energy company secures two 120 MW solar photovoltaic projects across 23 substations in Maharashtra. Projects operate under 25-year power purchase agreements, advancing decentralized feeder-level solarization and sustainable energy development.

Alice Blue Image

Also Read: 3 FMCG stocks with low PE ratio to keep on your radar

Share price movement of Ravindra Energy

On October 6, 2025, Ravindra Energy Ltd opened at ₹168.90, up 2.33% from its previous close of ₹165.00. The stock reached a high of ₹173.25 and a low of ₹166.90. By 12:48 PM, it traded at ₹168.50, a 2.12% increase, with a market cap of ₹3,008.64 crore.

Ravindra Energy Secures 120 MW Solar Projects

Ravindra Energy Limited (REL) has received two Letters of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop 120 MW AC of feeder-level solar projects across 23 substations.

The projects will operate under a 25-year Power Purchase Agreement with MSEDCL. REL will develop and manage decentralized solar photovoltaic generating stations under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 scheme in Maharashtra.

Ace investor holding in Ravindra Energy

Mukul Mahavir Agrawal holds a 1.21% stake in Ravindra Energy Ltd, owning 2,162,162 shares valued at ₹36.3 crore.

Stock performance of Ravindra Energy for Period of 1 week, 6 months, and 1 year

Ravindra Energy Ltd delivered a 3.84% return over the past week, it gained 43.0% in the past six months. The stock increased 14.5% over the past year.

Alice Blue Image

Also Read: 3 Defence stocks with ROE and ROCE of more than 20% to keep an eye on

Shareholding pattern of Ravindra Energy

ParticularsJun 2025Mar 2025Dec 2024
Promoter64.80%64.80%64.80%
FII3.00%3.20%3.20%
DII1.90%1.40%1.40%
Public25.30%30.70%30.70%

About Ravindra Energy

Ravindra Energy Ltd (NSE: RELTD) specializes in solar energy solutions, including solar pumps, rooftop and ground-mounted solar power plants, and power generation. Accredited by MNRE, it offers subsidy-compliant, renewable energy products across India.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Ravindra Energy Ltd share price going up today?

A: Ravindra Energy Ltd has received two LOAs from MSEDCL to develop 120 MW solar PV projects across Maharashtra under a 25-year PPA.

Q: What does Ravindra Energy Ltd specialize in?

A: Ravindra Energy Ltd specializes in solar pumps, solar power plants (ground mount and rooftop), and generation and sale of electricity.

Q: How much stake does Mukul Mahavir Agrawal hold in Ravindra Energy Ltd stock?

A: Mukul Mahavir Agrawal holds a 1.21% stake in Ravindra Energy Ltd, owning 2,162,162 shares valued at ₹36.3 crore.

Submit the form, and get to know how you scored!!!

Gainers & Losers

Read More News

*T&C apply