Ravindra Energy Shares Slide Over 4% as Investors React to Business Update; Stock Trades Near Day’s Low

Mumbai, January 16, 2026: Ravindra Energy Limited witnessed sharp selling pressure in early trade on Friday, with its equity shares declining over 4 percent as investors digested the company’s latest business update across its renewable energy and electric mobility verticals.
The stock was trading at ₹151.09 around mid-morning, down ₹6.74 or 4.27 percent from the previous close of ₹157.83. The counter opened weaker at ₹151.48 and slipped to an intraday low of ₹145.40 before attempting a mild recovery.

Market Performance Snapshot​

Order book data reflected heavier sell interest, with sell quantities outweighing buy orders, suggesting continued near-term pressure on the counter.

Renewable Energy Portfolio Update​

The company reported operating renewable assets of 187 MW DC, with agri-feeder solar projects in Karnataka and rooftop and wind assets delivering generation broadly in line with internal targets. Its Phase 1 solarisation projects under the Maharashtra agri-feeder programme, aggregating 136 MW, are fully commissioned and contributed to generation income during the quarter ended December 2025.
Under construction capacity stands at 60 MW DC, primarily linked to Phase 2 projects, where land registration and execution have been completed for a majority of sites. The company indicated that full commissioning of this phase is targeted before the end of March 2026.
Beyond this, Ravindra Energy outlined a development pipeline of 235 MW DC, including projects in Karnataka and Maharashtra. Several power purchase agreements are at advanced stages, with land identification completed for multiple locations, positioning the company for incremental capacity addition over the next financial year.

Electric Mobility Business Performance​

In its electric vehicle and battery-as-a-service segment, the company reported sales of 55 vehicles during the October–December 2025 quarter, compared with 70 units in the preceding quarter. Revenue from this segment stood at ₹34.76 crore, while the business posted a quarterly loss of ₹4.56 crore, reflecting ongoing investment and scale-up costs.
Operational metrics showed increased battery swap activity, with 3,585 swaps executed during the quarter. The company expects to commission eight additional swap stations by March 2026, supporting a sales pipeline of around 275 vehicles.

About the Company​

Ravindra Energy Limited is listed on Indian stock exchanges and operates across renewable power generation and electric mobility solutions. Its portfolio includes solar, wind, agri-feeder projects, and battery-based EV infrastructure, with a growing project pipeline aimed at expanding clean energy capacity over the medium term.

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