Ravindra Energy’s arm gets licence for inter-state trading in electricity in Pan India

Ravindra Energy Ltd. | Power Generation/Distribution | Power | BSE: 504341 | NSE: RELTD

16 Dec 2022 Evaluate

Ravindra Energy’s wholly owned subsidiary -- REL Power Trading has received category ‘V’ licence for inter-state trading in electricity in Pan India from Central Electricity Regulatory Commission. Earlier, REL Power Trading had made application under Section 14 of the Electricity Act, 2003 read with Regulation 6 of the Central Electricity Regulatory Commission (Procedure, Terms and Conditions for grant of trading licence and other related matters) Regulations, 2020 for grant of inter-state trading licence.

Ravindra Energy engages in the trading of coal primarily in India.

Peers

Company Name	CMP
NTPC	326.50
Tata Power	366.00
Adani Power	202.10
Power Grid Corpn.	267.50
Adani Energy Solut.	1354.70
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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