06 Oct 2025 | 5 Mins Read
Solar stock surges 5% following MSEDCL deal for green energy
Flipitmoney
Ravindra Energy, a small-cap company specializing in coal trading and solar energy solutions, secured two major contracts from MSEDCL. The projects involve developing and operating 120 MW of decentralized photovoltaic solar systems across 23 substations. MSEDCL will purchase electricity for 25 years under a Power Purchase Agreement, providing REL with a stable revenue stream.