{"id":120486,"date":"2024-03-11T13:27:53","date_gmt":"2024-03-11T07:57:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120486"},"modified":"2024-03-11T14:35:02","modified_gmt":"2024-03-11T09:05:02","slug":"green-energy-stock-jumps-5-after-it-received-an-order-from-maharashtra-govt-to-develop-solar-project","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/green-energy-stock-jumps-5-after-it-received-an-order-from-maharashtra-govt-to-develop-solar-project\/","title":{"rendered":"Green energy stock jumps 5% after it received an order from Maharashtra Govt to develop solar project"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2024263060\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this green energy company gained 5 percent to an intraday high of \u20b986.58 per share after the company received an order from the Maharashtra government to develop a 100 MW solar project.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3865467359\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 11:45 a.m., Ravindra Energy Ltd. shares gained percent to \u20b985.30 per share, up 3.42 percent from the previous close price on the stock exchange. The company has a market capitalization of \u20b91,323 crore.&nbsp;<\/p><p>Ravindra Energy Limited (REL) has received a Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL), to develop and operate 100 MW(AC) of decentralized feeder-level PV solar projects.&nbsp;<\/p><p>This Letter of Award has been issued under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY) of the Government of Maharashtra. The project is eligible for central financial assistance of Rs. 1.05 crore per MW under the KUSUM C Scheme of the Central Government. The company reported this in its exchange filing.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1524056329\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s revenue has declined 70 percent year on year, from \u20b954.76 crore in Q3FY23 to \u20b916.49 crore in Q3FY24. During the same period, net profit has slightly increased by 104 percent, from \u20b90.21 crore to \u20b90.43 crore.&nbsp;<\/p><p>Ravindra Energy Ltd. is in the business of selling solar pumps, Setting up Solar generation power plants (Ground Mount &amp; Rooftop) &amp; Generation and Sale of Power.&nbsp;<\/p><p>Ravindra Energy is promoted by the Murkumbi family of the Shree Renuka Group. The group is in the business of trading coal and sugar and is also involved in the mining of coal through its foreign arm, PT Jambi Prima, Indonesia.&nbsp;<\/p><p>Its subsidiaries include Agri Venture Trading and Investment Private Limited, Rhibhu Rooftop Solar Solutions Limited, Renuka Energy Resource Holdings FZE, REL Rural Warehousing Limited, and Ravindra Energy KNSP1 Private Limited.&nbsp;<\/p><p>Ravindra Energy Ltd. shares have gained 40 percent in the last six months and 93 percent in a year.&nbsp;<\/p><p><strong>Written by Omkar Chitnis<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1525525883\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1218510379\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this green energy company gained 5 percent to an intraday high of \u20b986.58 per share after the company received an order from the Maharashtra government to develop a 100 MW solar project.&nbsp; At 11:45 a.m., Ravindra Energy Ltd. shares gained percent to \u20b985.30 per share, up 3.42 percent from the previous close [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":32851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-120486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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