Ravindra Energy Secures Term Loan Facility of Up To Rs 100 Crore from Tata Capital Limited
Ravindra Energy Limited has secured a Term Loan facility amounting to not exceeding Rs 100 crore from Tata Capital Limited. The loan agreement, executed on July 30, 2026, is intended to fund investments required by the company in solar project SPVs, separate from existing project finance loans at these SPVs.The agreement between Ravindra Energy Limited and Tata Capital Limited outlines the terms of the credit facility. Key details regarding the loan are as follows:
| Feature | Detail |
|---|---|
| Borrower | Ravindra Energy Limited (REL) |
| Lender | Tata Capital Limited (TCL) |
| Principal Amount | Not exceeding Rs 100 Crores |
| Execution Date | July 30, 2026 |
| Interest Rate | 12.50% p.a. (payable monthly floating interest rate) |
Security and Key Terms of the Loan Agreement
The facility is secured through multiple arrangements involving assets and guarantees.Security provided for the loan includes:
- First charge on fixed and current assets of Ravindra Energy Limited.
- A first charge on cash flows streamed from the Project SPVs.
- Personal Guarantee from Mr. Narendra Murkumbi, a promoter of REL.
- Corporate Guarantee from Khandepar Investments Private Limited, also a promoter of REL.
- Equity share pledge by promoters equivalent to the loan amount.
In addition to the financial security, the agreement stipulates that TCL reserves the right to appoint its Nominee on the Board of the Company in the event of an occurrence and subsistence of an event of default. The transaction has been confirmed as not being a related party transaction.
RELTD Stock Price Movement
Ravindra Energy Limited shares slipped by 0.97% on Thursday, settling at ₹170.82 as the market closed. The stock traded within a tight intraday range, recording a high of ₹174.59 but finding a floor near ₹169.1.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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