Did You Know: Ravindra Energy‘s m-cap surged from Rs 1 cr to Rs 800 cr

Did you know about a company whose market cap surged from Rs 1 crore to over Rs 800 crore in last one year and it is owned by the largest sugar company in India.Ravindra Energy, formerly Ravindra Trading & Agencies Limited, stock has now seen correction from Rs 73.8 to Rs 51 in last one month. The company’s m-cap now stands corrected at Rs 600 crore.Ravindra Energy operates coal mine in Indonesia with reserves of around 100 million tonne and is into resource and infrastructure development and alternative solutions and solar powering.Ravindra Energy is a Renuka Group Energy company. Mrs Vidya M Murkumbi (Mother of Narendra Murkumbi) is the chairperson and J Suresh Kumar  (earlier CFO of Lanco) is the CEO and CFO. Its registered office is in Belgaum, Karnataka.Promoter holding stands at 73.18 percent – with Khandepar Investments holding 41.27 percent stake, Murkumbi Investments holding 26.27 percent stake, Narendra Madhusudan Murkumbi holding 5.23 percent stake and Shree Renuka Energy Employees Welfare Trust also holding 6.1 percent stake.