Let $R$ be a finite commutative ring with unity and $x$ be a non-zero element of $R$. In this paper, we calculate the spectrum and energy of the Cayley graph ${\rm Cay}(R,xR^{*})$, and also compute the energy of their compliment graph. Further, we give necessary and sufficient condition for Cayley graph ${\rm Cay}(R,xR^{*})$ to be Ramanujan.