Loan & Debt30 Jul 2026, 08:30 pm
Ravindra Energy Secures ₹100 Cr Term Loan from Tata Capital
AI Summary
Ravindra Energy Ltd has executed a loan agreement with Tata Capital Limited for a Term Loan Facility of ₹100 crore. This facility is earmarked to fund investments in solar project SPVs, excluding project finance loans at the SPV level. The loan agreement was executed on July 30, 2026, with an interest rate of 12.50% p.a. floating. Security for the loan includes a first charge on REL's assets and project cash flows, personal guarantee from promoter Narendra Murkumbi, corporate guarantee from Khandepar Investments Private Limited, and equity share pledge by promoters.
Key Highlights
- Secured ₹100 crore term loan facility from Tata Capital Limited.
- Funds will be used for investments in solar project SPVs.
- Loan secured by first charge on assets and promoter guarantees.
- Interest rate is 12.50% p.a. floating.
- Transaction is not a related party transaction.
Price Impact
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