Ravindra Energy Limited (NSE: RELTD) – General Business Announcement

Introduction

Ravindra Energy Limited (NSE Symbol RELTD) announced on 15 October 2026 that its jointly‑controlled subsidiary, Energy In Motion Limited (EIM), has inaugurated a new Electric Heavy‑Duty Commercial Vehicle Complex in Talegaon, Pune.

Key Highlights

• Inauguration: 14 Oct 2026, officiated by the Hon’ble Chief Minister of Maharashtra, Shri Devendra Fadnavis, with senior state officials in attendance.
• Location: Village Ambi, Talegaon, Pune, Maharashtra.
• Investment: First phase of a ₹1,000 crore investment programme in Maharashtra.
• Production Capacity: 5,000 vehicles per shift per year (electric trucks, tractor‑trailers, dumpers, etc.).
• Employment Impact: Expected to generate 2,000+ direct and indirect jobs across manufacturing, R&D, and IT.

Facility Overview

Component	Description
Vehicle Assembly	Electric heavy‑commercial vehicle assembly line (Industry 4.0 enabled).
Battery Pack Assembly	Lithium‑ion heavy‑battery pack manufacturing within the same complex.
Testing Laboratory	Independent battery testing lab to ensure performance and safety.
Integrated Ecosystem	Combines vehicle production, battery manufacturing, and testing under one roof, enhancing value‑chain control.

Strategic Initiatives

• Nationwide Infrastructure: EIM plans to roll out megawatt‑scale battery‑swapping and fast‑charging hubs along major highways, ports, and industrial zones. Swapping time is targeted at < 7 minutes; fast charging will use the DC‑fast‑charging BIS standard (CCS‑2).
• Technology Partnerships:
  • BAIC Foton Motor – leading commercial‑vehicle OEM (≈ 650,000 units sold last year).
  • Contemporary Amperex Technology Co. (CATL) – world’s largest battery maker (≈ 39 % global share).
  • Shanghai Enneagon Energy Technology – specialist in robotic battery‑swapping systems (1,600+ stations globally).

These collaborations aim to blend global expertise with localized Indian manufacturing and infrastructure development.

Management Commentary

“We are delighted to launch this integrated manufacturing and testing complex in Pune where we will build some of the largest electric vehicles that will ply on India’s roads. This facility was built in record time due to facilitation by the Maharashtra government, full support of all our technology partners, speedy execution by our hosts RMK Spaces and the round‑the‑clock efforts of EIM’s team led by our Manufacturing Head, Shri Mahesh Keskar.

We now focus on building out a nationwide network of megawatt‑scale charging and battery‑swapping stations to enable India’s speedy transition from diesel to electric heavy‑goods transportation.”
— Mr. Narendra Murkumbi, Managing Director, Energy In Motion Ltd.

About Energy In Motion Limited (EIM)

EIM is dedicated to creating an integrated electric heavy‑mobility and energy ecosystem for India’s freight sector. Its core activities include:

• Design and manufacture of electric heavy commercial vehicles.
• Development of battery‑swapping and fast‑charging infrastructure.
• Provision of energy solutions and operational support systems for high‑utilisation freight fleets.

Compliance & Contact

• Company Secretary & Compliance Officer: Madhukar Shipurkar (Member No. A64947) – digitally signed the announcement.
• Registered Office: BC 105, Havelock Road, Camp, Belgaum – 590001, Karnataka, India.
• Website: www.ravindraenergy.com
• Email: contact@ravindraenergy.com

The above information is extracted directly from the corporate announcement filed on 15 Oct 2026.