
Business Update22 Oct 2026, 02:05 pm
Bondada Engineering Secures India's Largest VRFB BESS Project
AI Summary
Bondada Engineering Limited has received a Letter of Intent (LOI) from Gujarat Industries Power Company Limited (GIPCL) for an Engineering, Procurement, and Construction (EPC) package. This involves developing a 20 MW / 120 MWh Vanadium Redox Flow Battery Energy Storage System (VRFB BESS), including 10 years of Operations and Maintenance (O&M), at GIPCL's Vadodara facility. This marks Bondada's entry into advanced energy storage technologies and secures India's largest grid-scale VRFB BESS project. The project is to be completed within 18 months from the receipt of the Notice of Award (NOA).
Key Highlights
- Secured India's largest grid-scale Vanadium Redox Flow Battery BESS project.
- Order includes 10 years of Operations and Maintenance (O&M).
- Project to be completed within 18 months from NOA.
- Expands company's strategic focus into advanced energy storage technologies.
- Strengthens position in the rapidly growing BESS sector.
Price Impact
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