Ravindra Energy Provides ₹135-Cr Corporate Guarantee to Associate Entity
Ravindra Energy Ltd (REL) has extended a corporate guarantee of ₹135 crore to its associate company, Energy In Motion Limited (EIM), to support financial assistance from YES Bank. EIM has been sanctioned a ₹296 crore credit facility along with a ₹32 crore hedge facility.
REL holds a 49.50% stake in EIM. The company clarified that the guarantee falls within shareholder-approved limits and has been executed on an arm’s length basis, despite the presence of a common director across both entities. The guarantee is a non-fund-based contingent liability and does not have any immediate financial impact on REL’s cash flows. Management stated that the move will help EIM secure competitive financing terms and support expansion plans.
Gujarat Gas Appoints Avantika Singh Aulakh as Managing Director
Gujarat Gas Limited has appointed Smt. Avantika Singh Aulakh, IAS, as Additional Director and Managing Director, effective December 24, 2025.
A senior IAS officer, Aulakh brings extensive administrative experience in Gujarat, having served as District Collector and Additional Principal Secretary to the Chief Minister. She holds academic qualifications in Engineering and Public Administration and has prior board-level experience across multiple Gujarat government entities and companies.
India Records Fastest-Ever Renewable Energy Capacity Addition
India has achieved a historic milestone in clean energy, adding around 44.5 GW of renewable energy capacity between January and November 2025, marking the highest-ever capacity addition in a single year.
Solar power led the expansion with nearly 35 GW, while wind energy contributed steadily. Total renewable capacity (excluding large hydro) reached over 203 GW, while overall non-fossil fuel capacity rose to about 262 GW, accounting for nearly 50% of India’s installed power capacity—well ahead of the country’s 2030 target.
The surge was supported by investments of nearly ₹2 lakh crore, along with policy measures such as PM Surya Ghar Yojana, PM Kusum, PLI incentives, and interstate transmission charge waivers.
Adani Enterprises Files Draft Prospectus for ₹1,000-Cr NCD Issue
Adani Enterprises Ltd has filed a draft prospectus for a ₹1,000 crore public issue of Non-Convertible Debentures (NCDs), comprising a ₹500 crore base issue and a ₹500 crore greenshoe option.
The filing follows board approval granted in October 2025 for a broader ₹3,000 crore debt-raising plan. The NCDs will be secured, rated, listed, and redeemable, with a face value of ₹1,000 per debenture. This marks the first tranche under the approved borrowing programme.
Lemon Tree Hotels Signs HOA for New Tirupati Property
Lemon Tree Hotels Limited has announced the execution of a Hotel Operating Agreement for a new hotel in Tirupati, Andhra Pradesh. The property will be operated by its wholly-owned subsidiary Carnation Hotels Private Limited under the brand “Lemon Tree Suites”, subject to a license agreement.
The upcoming hotel will feature 228 rooms, a restaurant, banquet and meeting facilities, along with a swimming pool and spa. Located near the Tirupati International Airport and railway station, the property strengthens Lemon Tree’s presence in key spiritual and tourism destinations. The company currently operates six hotels in Andhra Pradesh, with three more in the pipeline.
