Ravindra Energy has completed the divestment by way of sale of its stake held in the its subsidiaries -- Rel Kumbhari Solar Project 10 and Rel Wardha Solar Project 4 for consideration of Rs 219.30 lakh and Rs 19.80 lakh respectively. By this transaction the said entities ceased to be subsidiary of the company. The sale is completed on June 19, 2025.
The company has sold its stakes to Hexa Climate Solutions, a company which is engaged into the business of development, ownership and operation of renewable energy generation projects, with a focus on solar, wind, hydro and storage projects as well as projects in new energy transition areas such as hybrids, hydrogen, solar heat and carbon capture, usage and storage in various states across India.
Ravindra Energy seeks to create a leading position in the provision of solar energy utilising the unique characteristics of solar PV generation.
