Ravindra Energy wins 120 MW solar project award in Maharashtra

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹166.88

prior close

₹167.70

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+1.9% vs market

Other Electrical Equipment peers, median of 41sector-0.7%+2.3% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.3 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Ravindra Energy received two letters of award from Maharashtra State Electricity Distribution Company Limited to develop and operate 120 MW AC of decentralized feeder-level solar projects across 23 substations. The company will sign a 25-year power purchase agreement.

Likely market impact

The award adds long-term solar capacity and revenue visibility, but the filing does not disclose the contract value, start date, or financial impact.