Ravindra Energy inks ₹100 Crore Term Loan with Tata Capital for Solar Projects
Ravindra Energy Limited secured a ₹100 crore term loan from Tata Capital Limited on July 30, 2026. The funds will be used for investments in solar project SPVs. The loan carries a 12.50% annual interest rate and is secured by company assets, promoter guarantees, and pledged equity.
The loan of ₹100 crore is substantial and will be used for strategic investments in solar projects, which could have a medium-term impact on the company's growth and financial performance. The terms of the loan, including interest rate and security, are material.
The company has secured a significant loan facility, which will help fund its investments in solar projects, indicating a positive step for business expansion.
Ravindra Energy Limited (REL) has executed a loan agreement with Tata Capital Limited for a Term Loan facility of ₹100 crore. This facility is intended to fund investments required by REL in its solar project Special Purpose Vehicles (SPVs), excluding project finance loans at the SPV level.
The loan agreement was executed on July 30, 2026. The principal amount does not exceed ₹100 crore, with an interest rate of 12.50% per annum, payable monthly as a floating interest rate.
As security for the loan, REL has provided a first charge on its fixed and current assets, as well as a first charge on cash flows streamed from the Project SPVs. Additionally, personal guarantees from Mr. Narendra Murkumbi (Promoter of REL) and a corporate guarantee from Khandepar Investments Private Limited (Promoter of REL) have been provided. Furthermore, equity shares of the promoters of REL are pledged equivalent to the loan amount.
Tata Capital Limited reserves the right to appoint its nominee on the Board of Ravindra Energy Limited in the event of a default and its subsistence. This transaction is not considered a related party transaction.
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Ravindra Energy Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Ravindra Energy Limited. Read the original for the full detail.