Deals16 Jun 2026, 12:55 pm
Bondada Engineering Wins ₹1338 Cr Solar-BESS Project in UP
AI Summary
Bondada Engineering Limited has received a Notification of Award (NOA) from NTPC Renewable Energy Limited for an EPC package to develop a 250 MW Solar PV Project with a 50 MW/200 MWh Battery Energy Storage System (BESS) in Sitapur, Uttar Pradesh. The project is valued at ₹1338.03 crore and is to be executed within 18 months. This significant order boosts Bondada's solar EPC order book to approximately 5.5 GWp and its BESS order book to about 1.1 GWh, enhancing revenue visibility and supporting future growth. The company has no interest from promoters or group companies in the awarding entity, and the order does not fall under related party transactions.
Key Highlights
- Secured ₹1338 Cr EPC contract for 250 MW Solar + 50 MW BESS project.
- Project awarded by NTPC Renewable Energy Limited in Sitapur, UP.
- Order book expands to ~5.5 GWp (Solar) and ~1.1 GWh (BESS).
- Execution timeline is 18 months from receipt of NOA.
- No promoter/group interest or related party transaction involved.
Price Impact
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