Deals27 Aug 2024, 12:27 am
Bondada Engineering Ltd Secures Rs. 575 Crore Order for Solar Power Plants in Maharashtra
AI Summary
Bondada Engineering Ltd has announced the receipt of a Letter of Award from three special purpose vehicles (SPVs) formed by software companies Paradigm IT Technologies Pvt Ltd and Metalcraft Forming Industries Pvt Ltd. The order is for the design, survey, supply, installation, testing, commissioning of grid-connected distributed solar power plants, and remote monitoring system (RMS) of solar power plants under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 of PM-KUSUM Solar projects across various districts in the state of Maharashtra. The overall capacity of the plants is 170.40 MW on a DC basis, with a total contract value of approximately Rs. 575 crores (inclusive of GST) within related party transactions.
Key Highlights
- Bondada Engineering Ltd has been awarded a significant order for solar power projects in Maharashtra, India.
- The order is for the design, survey, supply, installation, testing, commissioning of solar power plants, and remote monitoring system (RMS) of solar power plants.
- The projects fall under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 of PM-KUSUM Solar projects across various districts in Maharashtra.
- The overall capacity of the plants is 170.40 MW on a DC basis.
- The total contract value is approximately Rs. 575 crores (inclusive of GST) within related party transactions.