Ravindra Trading & Agencies has received an approval to incorporate Limited Liability Partnerships (LLP) to co-develop solar power projects with farmers, under the Karnataka Small Farmers Policy. The board of directors at their meeting held on November 09, 2015 has approved for the same.
Further, the board has also decided to transfer 27.91% investment in shares of Renuka Global Minerals (a non-material subsidiary) to Renuka Energy Resource Holdings (FZE), a 100% subsidiary of the company.