EV Battery Swapping Hub Goes Live; Ravindra Energy Shares Edge Up 

Mumbai, May 4: Ravindra Energy Limited said its associate, Energy In Motion Limited, has started commercial operations at what it describes as India’s largest battery swapping and charging station for heavy electric vehicles. 

The facility located at Nhava Sheva Freeport Container Terminal, part of Jawaharlal Nehru Port is built as an automated system. It is designed to support zero emission logistics at one of the country’s busiest port clusters. 

According to the company, the station has a power capacity of 3 MW and can handle more than 160 heavy electric vehicles a day. Over 130 EIM Foton vehicles are already operating at the port and have begun using the facility. 

The rollout is part of a broader push to electrify freight movement. The company is working with Nhava Sheva Freeport Terminal, under CMA Terminals, with a target to electrify the fleet by the end of FY 2026 27. 

Stock Market Snapshot 

Ravindra Energy Limited shares moved higher in early trade on May 4, 2026. As of 10:11 IST, the stock was at ₹144.14, up ₹1.23 or 0.86% from the previous close of ₹142.91, according to exchange data. 

The stock opened at ₹145.05 and traded in a range of ₹142.50 to ₹149.70 during the session. The movement suggests steady, but not aggressive, buying interest following the announcement. 

A Step Toward Electrified Logistics 

For Ravindra Energy, this is more than just a single installation. Heavy commercial vehicles especially those operating in ports run on tight schedules and high utilisation, making them ideal candidates for battery swapping instead of traditional charging. 

By placing infrastructure directly inside a major port, the company is targeting a use case where adoption can scale faster if execution holds up. 

The Bigger Picture 

India’s shift toward electric mobility is increasingly moving beyond passenger vehicles into freight and industrial transport. Projects like this highlight how infrastructure is beginning to catch up with that demand. 

Source: 

https://www.nseindia.com/get quote/equity/RELTD/Ravindra Energy Limited 

https://nsearchives.nseindia.com/corporate/RAVINDRA_03052026130546_REL_General_Business_Announcement_ _May_3_2026.pdf