+
Ravindra Energy Announces Merger with Energy in Motion
POWER & RENEWABLE ENERGY

Ravindra Energy Announces Merger with Energy in Motion

Ravindra Energy has approved a Scheme of Amalgamation to merge Energy In Motion, in which it holds a 49.54 per cent stake, with the company. The transaction remains subject to statutory and regulatory approvals and will bring the two businesses under a single entity.

The proposed combination will integrate Ravindra Energy’s renewable energy operations with Energy In Motion’s electric mobility platform for heavy commercial transportation. The merged business will provide electric heavy commercial vehicles, battery-as-a-service solutions, charging and battery-swapping infrastructure, renewable energy supply, and related operations and maintenance services.

Following the merger, J M Baxi Group will become a co-promoter of Ravindra Energy. The company will be renamed Energy In Motion once the scheme takes effect, subject to the required approvals. The merged entity will also hold a 100 per cent stake in EIM Megaplex, a special purpose vehicle that will own and operate battery-swapping stations, charging infrastructure and battery assets.

Under the proposed share exchange ratio, eligible Energy In Motion shareholders other than Ravindra Energy will receive 209 equity shares of Ravindra Energy for every 100 equity shares held in Energy In Motion. Ravindra Energy’s existing stake in Energy In Motion will be cancelled when the scheme becomes effective, and no shares will be issued to the company against that holding.

Ravindra Energy currently has renewable energy projects aggregating approximately 261 MWp across Maharashtra and Karnataka. These include rural feeder solarisation, open-access, captive and rooftop solar projects. Energy In Motion is developing an electric heavy mobility and energy ecosystem for India’s road freight sector and is targeting 40 operational heavy commercial vehicle swapping-cum-charging stations by March 2027.

Ravindra Energy has approved a Scheme of Amalgamation to merge Energy In Motion, in which it holds a 49.54 per cent stake, with the company. The transaction remains subject to statutory and regulatory approvals and will bring the two businesses under a single entity. The proposed combination will integrate Ravindra Energy’s renewable energy operations with Energy In Motion’s electric mobility platform for heavy commercial transportation. The merged business will provide electric heavy commercial vehicles, battery-as-a-service solutions, charging and battery-swapping infrastructure, renewable energy supply, and related operations and maintenance services. Following the merger, J M Baxi Group will become a co-promoter of Ravindra Energy. The company will be renamed Energy In Motion once the scheme takes effect, subject to the required approvals. The merged entity will also hold a 100 per cent stake in EIM Megaplex, a special purpose vehicle that will own and operate battery-swapping stations, charging infrastructure and battery assets. Under the proposed share exchange ratio, eligible Energy In Motion shareholders other than Ravindra Energy will receive 209 equity shares of Ravindra Energy for every 100 equity shares held in Energy In Motion. Ravindra Energy’s existing stake in Energy In Motion will be cancelled when the scheme becomes effective, and no shares will be issued to the company against that holding. Ravindra Energy currently has renewable energy projects aggregating approximately 261 MWp across Maharashtra and Karnataka. These include rural feeder solarisation, open-access, captive and rooftop solar projects. Energy In Motion is developing an electric heavy mobility and energy ecosystem for India’s road freight sector and is targeting 40 operational heavy commercial vehicle swapping-cum-charging stations by March 2027.

Related Stories

Gold Stories

Next Story
Real Estate

Ajyal Holding Acquires 25% Stake in Sterling Ark

Sterling Ark, an independent integrated real estate advisory and project delivery firm, has announced a strategic alliance with Abu Dhabi-headquartered Ajyal Holding. Under the agreement, Ajyal Holding has acquired a 25 per cent stake in Sterling Ark.The alliance is expected to provide Sterling Ark with a broader platform to pursue opportunities and expand its presence across the region. Ajyal Holding operates across real estate, contracting, fit-out, building materials and technology, among other sectors.Sterling Ark provides end-to-end advisory and project delivery capabilities across real e..

Next Story
Infrastructure Urban

YEIDA Allots Land for Five Projects Worth Rs 4.69 bn

A significant step towards converting industrial investment proposals into on-ground projects was taken at the inauguration of the Uttar Pradesh International Trade Show (UPITS) 2026. Union Home and Cooperation Minister Amit Shah presented Letters of Allotment to representatives of five companies investing in the Yamuna Expressway Industrial Development Authority (YEIDA) region.The five projects have been allotted a total of 71,190 sq m of land and involve a proposed investment of Rs 4.69 bn, with the potential to generate 4,625 employment opportunities.C&R Textiles Private Limited has bee..

Next Story
Infrastructure Energy

Hindustan Zinc Restores 1,105 Hectares of Land

Hindustan Zinc Limited has restored 1,105 hectares of land as part of its efforts to integrate ecological restoration with responsible mining. The rehabilitated area, equivalent to more than 1,500 football fields, covers mining and operational landscapes restored through reclamation, plantation, biodiversity enhancement and sustainable land-use practices.The initiatives form part of Hindustan Zinc’s Sustainability Goals 2030 and its broader focus on creating long-term ecological value alongside business growth.Amarendu Prakash, CEO, Hindustan Zinc, said: “The future of mining will increasi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code