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Ravindra Energy targets 476 MWp solar capacity and 5,000 unit e-tractor plant by FY27
Ravindra Energy is executing a dual-growth strategy focusing on distributed solar power and heavy-duty electric mobility. The company plans to scale its solar capacity from 187 MWp to 476 MWp by FY27, largely through rural feeder solarization under the KUSUM scheme. Its electric mobility subsidiary, EIM, is establishing a 5,000-unit annual capacity manufacturing plant in Pune, expected to commission by June 2026. The company utilizes a Battery-as-a-Service (BaaS) model to drive adoption in the 55-tonne e-tractor segment, targeting port and industrial logistics.
Key Highlights
Solar operational capacity projected to grow ~2.5x from 187 MWp to 476 MWp by FY27.
New e-tractor manufacturing facility in Talegaon, Pune with 5,000 units p.a. capacity to be commissioned by June 2026.
Current e-mobility order book stands at 263 units with 125 units already sold as of December 2025.
Strategic battery swapping network expansion targeting 100 stations by FY29 to support heavy-duty EV corridors.
Maintains a 6-year exclusivity agreement for assembling and distributing heavy CVs (>18 tonnes) with CATL battery support.
💼 Action for Investors
Investors should track the execution of the Talegaon plant commissioning in mid-2026 and the pace of solar capacity additions. The stock represents a niche play on heavy-duty EV adoption and rural energy infrastructure with a strong 5-year price CAGR of 32%.