Ravindra Energy Ltd receives 2 LOAs from MSEDCL for solar projects

Ravindra Energy Limited (REL) has received two (2) Letter of Awards (LOA) from 'Maharashtra State Electricity Distribution Company Limited' (MSEDCL) to develop and operate an aggregate capacity of 120 MW(AC) of decentralized feeder level photovoltaic (PV) solar projects in Maharashtra state.

The key highlights are as below:

1. 120 MW (AC) projects are spread across 23 (Twenty Three) sub-stations of MSEDCL.

2. MSEDCL will enter into a 25 (Twenty-Five) years Power Purchase Agreement (PPA) with REL.

Shares of Ravindra Energy Ltd was last trading in BSE at Rs. 165.00 as compared to the previous close of Rs. 166.60. The total number of shares traded during the day was 38126 in over 844 trades.

The stock hit an intraday high of Rs. 169.10 and intraday low of 160.55. The net turnover during the day was Rs. 6231638.00.

Source : Equity Bulls

Keywords

RavindraEnergy INE206N01018 2LOAs MSEDCL SolarPowerProjects