NSEUpdates5d ago · 14 Aug 2026, 11:00 pm
Updates
Ravindra Energy Limited · RELTD
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Ravindra Energy Limited has provided a business update for the quarter ended June 30, 2026, highlighting its renewable energy and electric vehicle business activities. The company has submitted its quarterly financial results for the period and provided details on its operational performance, network expansion, and partnership with CATL for a battery assembly plant.
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Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
Ravindra Energy Limited has informed the Exchange regarding 'General Business update for Quarter 1-ended June 30, 2026'.
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RAVINDRA_14082026230010_1Q_-_General_Business_update.pdf
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August 14, 2026
Dept. of Corporate Services, National Stock Exchange of India Limited
BSE Limited Exchange Plaza, Plot No. C/1, G Block,
Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E)
Dalal Street, Mumbai- 400001, Mumbai - 400 051,
Maharashtra, India. Maharashtra, India.
Scrip Code: 504341 Scrip Code: RELTD
ISIN : INE206N01018
Sub: General announcement to the stakeholders of ‘Ravindra Energy Limited’ about
‘Renewable Energy Business’ and ‘Electric Vehicle Business Activities’ update of the
Company.
Dear Sir/Madam,
we are pleased to announce the business update to the stakeholders of ‘Ravindra Energy
Limited’ (REL) about ‘Renewable Energy Business’ and ‘Electric Vehicle Business Activities’ of
the company.
We would like to inform that, the company has submitted quarterly/year to date financial results
for the period ended June 30, 2026 with BSE Limited and The National Stock Exchange of
India Limited (stock exchanges).
The details of the above-described business update period ended June 30, 2026 are provided
as enclosure to this letter as ‘Annexure - A’.
The said announcement is also being made available for stakeholders on the website of
the Company at www.ravindraenergy.com
You are requested to take the above announcement on your record and disseminate the same
for the information of the stakeholders.
Thanking you.
Yours faithfully,
For Ravindra Energy Limited
Madhukar Shipurkar
Company Secretary and Compliance officer
Membership No. A64947
Registered Office: BC 105, Havelock Road, Camp, Belgaum – 590001, Karnataka, India.
P +91-831-2406600 | CIN L40104KA1980PLC075720 |
W www.ravindraenergy.com | E contact@ravindraenergy.com
Business Update
14 August 2026
Renewable Energy Generation business (portfolio update)
Capacity
No. of Locations/Projects Off taker State COD/SCOD PPA signed Land Acquired
(MWp)
(A) Operating Portfolio
MSKVY – 1 19 MSEDCL Maharashtra 135.8 Oct-25
MSKVY – 2 15 MSEDCL Maharashtra 58.7 Jun-26
Karnataka
Karnataka 14 Karnataka 34.2 Aug-17
DISCOMs
Maharashtra &
Rooftop 21 Pvt consumers 5.1 2018-25
Karnataka
Wind Asset (51% stake) 1 Pvt consumers Maharashtra 1.3 Mar-06
Open Access 7 Pvt consumers Maharashtra 26.2 Oct-25 - May-26
Sub Total (A) 77.0 261.2
(B) Under Construction & Development
Open Access 1 Pvt consumer Maharashtra 3.8 Dec-26 Yes Yes
MSKVY – 3 23 MSEDCL Maharashtra 156.0 Sep-27 Yes 6 out of 23
Karnataka-2 13 HESCOM Karnataka 71.3 Jan-27 Yes 10 out of 13
Sub Total (B) 37 231.10
Grand Total (A+B) 114 492.3
MSKVY: Mukhyamantri Saur Krushi Vahini Yojana (Maharashtra)
Renewable Energy Generation
Quarter Ended Year ended
June-26 June-25 Increase/ Mar-26
No of Locations MWp
(KWh in Lakhs) (KWh in Lakhs) Decrease in % (KWh in Lakhs)
MSKVY Phase-I 19 135.8 530.4 102.5 - 1,255.5
MSKVY Phase-II 15 58.7 132.7 - - 44.3
Karnataka 14 34.2 138.1 122.3 12.9% 469.2
Rooftop 21 5.1 19.3 16.8 14.8% 64.8
Wind Asset 1 1.3 5.7 5.7 -0.2% 13.8
Open Access 7 26.2 51.6 - - 93.5
Total 77 261.2 877.8 247.3 1,941.1
Operational performance
Quarter Ended
Sales (units) Units 30th June 2026 31st Mar 2026 31st Dec 2025
E-HCV Sales Nos 58 152 55
E-HCV Lease Nos 29 10 10
Charging Network Sales in mWh 3,352 1,615 712
Swap Station locations Nos 7 2 2
Stand-alone chargers Nos 7 2 2
NETWORK PERFORMANCE · TILL 31 JULY 2026
29.5
Total number of battery swaps across all stations
Thousand
Total number of charging sessions across all chargers
Thousand
Total energy dispensed
All stations combined
Million kWh
Network Expansion
Clustered around freight density, anchor customers
Mumbai · JNPA
India’s largest container port
National Capital Region
High pollution zone with incentives for EV
Kandla & Mundra
Major west-coast ports
Ludhiana. Delhi. Mumbai. Pune
NH-48 running through dense industrial corridor
Operational battery swapping stations (BSS) in India- 1,008 swaps per day
Mundra. Kandla. Ahmedabad
Gujrat’s arterial route
Target BSS to be operational by 31 Mar 2027 across the corridors listed alongside
Electric Heavy Vehicle Assembly Plant
With 5,000 Units p.a. Capacity
To be commissioned in October 202 6
North -West View of the Plant
End of Line Testing Conveyor Assembly Line Wheel Assembly Station
Partnership Update: CATL
Battery Assembly Plant in Talegaon, Pune
• CATL to supply 0.5 GWh (500 MWh) of advanced
LFP battery cells & pack kits
• First in India to deploy CATL's new-generation LFP
battery platform — EIM is the launch customer for
282 kWh 400 kWh 42%
heavy commercial vehicles
• Upgraded CB7T0 cell & L324D06 pack platform —
higher energy density and longer cycle life than
earlier CB230 cells
• Configured into 400.6 kWh systems for EIM's Ashwa
4×2 e-tractors, fitted into India-optimised swappable
battery boxes
• EIM will assemble the battery pack systems in our
battery assembly plant coming up in Talegaon, Pune.
39.2%
Same footprint. 42% more capacity
CATL global battery market share, 2025
Financing of EIM Vehicles to Our Customers
13 financing partners across banks, NBFCs and leasing companies — all onboarded for EIM e-truck financing
Banks NBFCs Leasing Companies
07 03 03
7 financing institutions 3 financing institutions 3 financing institutions
Loan to value up to 85% · Fast-track disbursement ·
Loan to value upto 90% 100% financing · Operating/Financial Lease
Flexible eligibility criteria
Yes Bank
Tata Capital Drivn
Axis Bank
HDFC Bank
Kotak Bank Bajaj Finance Stride Green
ICICI Bank
IDFC Bank
Sundaram Finance
Vertello
Bandhan Bank
EIM- Financial performance
Quarter Ended
Parameter Units 31st June 2026 31st Mar 2026 31st Dec 2025
E-HCV Sales In ₹ million 352.2 966.1 329.5
E-HCV Lease In ₹ million 10.3 6.4 1.0
Charging Network Sales In ₹ million 65.3 38.6 17.2
Total In ₹ million 427.9 1,011.0 347.6
PAT / (Loss) In ₹ million (211.3) (89.8) (45.6)
THANKS!