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Ravindra Energy Ltd. ( (IN:RELTD) ) has provided an announcement.
Ravindra Energy Ltd.’s Board of Directors has approved a fund-raising initiative of up to Rs. 500 Crores through various financial instruments, subject to shareholder and regulatory approvals. Additionally, the company plans to reclassify and increase its authorized share capital, aligning with strategic growth objectives. An associate entity, Energy In Motion Private Limited, is exploring a significant investment in an electric truck and battery assembly plant in Pune, indicating a strategic shift towards electric mobility.
More about Ravindra Energy Ltd.
Ravindra Energy Ltd. operates in the energy sector, focusing on renewable energy solutions. The company is involved in the development and management of solar energy projects and aims to expand its market presence in the renewable energy industry.
Average Trading Volume: 25,473
Technical Sentiment Signal: Strong Buy
Current Market Cap: 24.52B INR
See more data about RELTD stock on TipRanks’ Stock Analysis page.