Ravindra Energy Ltd

🚀 Ravindra Energy’s Growth Push: 100 Battery Swap Stations & ₹2,003M Rights Issue

- Plans to set up 100 battery swap stations by Fiscal 2029.

- Operational solar capacity: 228.87 MWp; adding 31.11 MWp under commissioning.

- Launched 'Ashwa' 55-tonne e-tractor (311 units delivered as of March 2026).

- FY26 total income: ₹5,432.02M; net profit: ₹808.31M; EPS: ₹4.53.

- Renewable energy contributed 20.54% of FY26 revenue (vs. 46.99% in FY24).

- Rights Issue: 19.8M shares at ₹101 each (₹2,003.12M total). Ratio: 1:9 (Record Date: June 8, 2026).

- Funds to boost EV/renewable expansion, including ₹1,500M investment in associate EIM.

- Top 10 customers contributed 19.59% of FY26 revenue (down from 61.10% in FY24).

- Solar projects face risks like land delays (penalties up to ₹22.5M) and grid approvals.

- Import dependency: 99% of key EV components sourced abroad in FY26.

- Partnered with Beiqi FOTON for 6-year e-HCV marketing in India.