Ravindra Energy Limited has entered into various agreements to develop ground mounted, grid connected solar (photovoltaic) power generation facilities at the Project Site situated at Kumbhari Village, District Sholapur, State Maharashtra, through its Subsidiary Companies, with an aggregate capacity of 10.25 MWp and accordingly make investment in the equity shares of the subsidiaries to the tune of INR 101.8 million required for the development of the said projects. AZB & Partners advised Ravindra Energy Limited on the development of three solar captive projects in Maharashtra for three group companies and partnership entity of Mutha Group. The Mutha Group entities intend to buy power, as captive consumers, from these captive projects which are to be commissioned by 2023.

The deal team comprised our Partner Anuja Tiwari, Senior Associates Mallika Anand, Pranjal Bhattacharya, and Associates Sumi Trivedi and Shubham Toshniwal.