Ravindra Energy Limited (RELTD)
Giving guarantees/indemnity/ becoming a surety for third party
Corporate guarantee provided by Ravindra Energy Limited to Muon India Private Limited for securing payment obligations of Energy In Motion Limited's operating lease facility. Guarantee limit up to INR 41 Cr. Energy In Motion Limited is an associate entity with 49.54% equity held by Ravindra Energy. Guarantee is a non-fund based contingent liability with no immediate financial impact on Ravindra Energy. This supports expansion of associate's business operations.
Source: Original filing PDF
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🚨 RELTD — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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