Ravindra Energy Ltd invests Rs. 150 crores in Energy In Motion Ltd

Ravindra Energy Limited has invested approximately Rs. 150 crores by way of rights issue basis subscription to 45,67,463 equity shares issued and allotted by Energy In Motion Limited (EIM), at an issue price of Rs. 328.41 per equity share.

Energy In Motion Limited ("EIM") is an associate venture of Ravindra Energy Limited (REL) (49.5% REL shareholding) created to drive clean mobility solutions. EIM's business model focuses on selling bare electric tractors (without battery packs) to transporters, while providing battery packs, charging/swapping infrastructure, and energy supply through long-term contracts.

Energy In Motion (EIM) is a provider of integrated electric mobility solutions for longhaul freight transportation. Through the deployment of advanced heavy-duty electric trucks supported by battery-swapping and charging infrastructure, EIM enables efficient, reliable, and sustainable logistics operations while accelerating the transition towards renewable energy-led freight mobility.

During the financial year FY2024-25 (commencing from the date of its incorporation) EIM reported a turnover of Rs. 5.22 million, while during FY-2025-26, the turnover stood at Rs. 1,806.88 million.

Shares of Ravindra Energy Ltd was last trading in BSE at Rs. 165.40 as compared to the previous close of Rs. 162.90. The total number of shares traded during the day was 47255 in over 632 trades.

The stock hit an intraday high of Rs. 168.00 and intraday low of 161.90. The net turnover during the day was Rs. 7813196.00.

Source : Equity Bulls

Keywords

RavindraEnergy INE206N01018 Investment EnergyInMotion