Bondada Engineering Ltd

Valued at Rs 836 crore, the project is the largest BESS order in Bondada's history and will be executed under the Build-Own-Operate (BOO) model. The facilities will provide two full cycles of charging and discharging per day, aimed at improving grid stability, managing peak power demand, and facilitating renewable energy integration in the state. The company expects the project to be completed within 18 months from the execution of the energy storage purchase agreement. Revenues from the order will be recognized over a 12-year period. Bondada emerged as the winning bidder through a tariff-based competitive bidding process conducted by TNGECL, supported by the Viability Gap Funding (VGF) mechanism under the state component. The project aligns with the National Framework for Energy Storage Systems (NFESS), 2023, and Tamil Nadu's goal to achieve 50% renewable energy by 2030. The company said this strategic win is a key step toward its goal of achieving 10 GW of capacity in the green energy space by 2030. Bondada Engineering provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom, renewable energy and Indian railways. On a consolidated basis, the company's consolidated net profit surged 150.12% to Rs 111.88 crore on a 96.25% jump in revenue from operations to Rs 1,571.38 crore in FY25 over FY24. Powered by Capital Market - Live

Bondada Engineering has secured LOA from Tamil Nadu Green Energy Corporation (TNGECL) for setting up of Battery Energy Storage Systems (BESS) as per the details given below. We are delighted to inform that this is highest storage capacity order in the history of the Company in BESS business line marking a significant step towards creating bigger battery energy storage systems as a part of Company's vision to reach 10GW capacity in green space by 2030, added the company. The project will deploy standalone grid-scale BESS facilities with a total capacity of 400 MWh at key locations ' Vellalaviduthi and Thennampatty in Tamil Nadu State. The initiative is aimed at boosting grid stability, integrating renewable energy, and managing peak power demand accelerating Tamil Nadu's clean energy transition. The project will be executed under the build-own-operate (BOO) model, with Bondada Group emerging as the successful bidder through a competitive tendering process conducted by TNGECL.Powered by Capital Market - Live

Bondada Engineering announced that its subsidiary, Bondada Managed Services has received a work order from Microsoft India for operations of data center at Hyderabad. The value of the order is Rs 2.71 crore. Powered by Capital Market - Live

Bondada Engineering has secured LOA from Telangana Power Generation Corporation (TGGENCO) for setting up of 100 MWh (50MW x 2 hrs) Battery Energy Storage Systems in Telangana for 'on demand' usage under Tariff-based Global Competitive Bidding with Viability Gap Funding (VGF) under Build Own Operate at Shankarpally, Telangana near 400/220KV substation of TGTRANSCO. The value of the order is Rs 204.20 crore. Powered by Capital Market - Live

The order involves the setting up of a 100 MWh (50 MW x 2 hours) Battery Energy Storage System in Telangana for on-demand usage. This project falls under tariff-based global competitive bidding with viability gap funding (VGF) and will follow a build-own-operate (BOO) model at Shankarpally, near the 400/220 KV substation of TGTRANSCO. The total order value is Rs 204.20 crore and the project is to be completed within 18 months from the execution of the Power Purchase Agreement (PPA). The company clarified that the contract does not involve any related party transactions. It also confirmed that neither the promoter, the promoter group, nor any group companies have any interest in the awarding entity. Bondada Engineering is an infrastructure company that provides engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services, to customers in the telecom and solar energy industries throughout India. On a full-year basis, the company's consolidated net profit surged 167.2% to Rs 44.73 crore on a 116.1% jump in revenue from operations to Rs 800.72 crore in FY24 over FY23. Powered by Capital Market - Live

Bondada Engineering has received a Government Order (GO) from the Government of Andhra Pradesh - Energy Department for the allocation of 2000 MW AC / 2600 MWp DC Solar Power capacity at various locations across Ananthapuramu and Sri Sathya Sai districts. The Company had submitted detailed proposals for establishing solar power projects aggregating to the above-mentioned capacity in the following locations: - Sri Sathya Sai District: Villages in Roddam and Kothacheruvu Mandals - Ananthapuramu District: Villages in Gooty, Peddavadugur, Vidapanakallu, Peddapappur, and Narpala Mandals These proposals were considered in the State Investment Promotion Board (SIPB) meeting held on May 15, 2025, during which the SIPB approved the allocation of the proposed solar power capacity. The allocation is subject to ensuring no overlap with areas already allotted to other developers for renewable energy (RE) projects or wind resource assessment studies. Furthermore, the project is to be implemented within 24 months, in accordance with the guidelines outlined in the Andhra Pradesh Integrated Clean Energy Policy - 2024. The present order of Rs. 9,000 crore shall increase the order book of the Company to approximately Rs. 14,000+ crore. Apart from this the Company expects to add a revenue of Rs. 1,160 crore from IPP from FY 2029 onwards. Powered by Capital Market - Live

The order pertains to the allocation of 2,000 MW AC / 2,600 MWp DC of solar power capacity across various locations in the Ananthapuramu and Sri Sathya Sai districts. The allocation follows a Government Order (GO) issued under the Andhra Pradesh Integrated Clean Energy Policy'2024. The company had earlier submitted detailed proposals for setting up solar power projects in specific villages of Roddam and Kothacheruvu Mandals (Sri Sathya Sai District) and Gooty, Peddavadugur, Vidapanakallu, Peddapappur, and Narpala Mandals (Ananthapuramu District). These proposals were reviewed and approved during the State Investment Promotion Board (SIPB) meeting held on May 15, 2025. The allocation is conditional, subject to ensuring that the proposed locations do not overlap with areas previously assigned for renewable energy (RE) development or wind resource assessments. The project is to be implemented within 24 months, in accordance with the guidelines outlined in the Andhra Pradesh Integrated Clean Energy Policy'2024. With this Rs 9,000 crore order, Bondada Engineering's total order book has expanded to over Rs 14,000 crore. Additionally, the company expects to generate estimated revenue of Rs 1,160 crore from Independent Power Producer (IPP) operations starting FY 2029. The project will be executed through Bondada Engineering's wholly-owned subsidiary, Bondada Renewable Energy. The company has laid out a phased implementation plan for its IPP capacity: 250 MW is planned for FY 2026, followed by 750 MW in FY 2027, which is expected to generate revenue of Rs 145 crore. In FY 2028, 1,000 MW will be implemented, with projected revenue of Rs 580 crore. Beginning FY 2029, the company anticipates annual IPP revenue of Rs 1,160 crore over the next 25 years. Additionally, the project adds Rs 9,000 crore in Engineering, Procurement, and Construction (EPC) revenue. With this development, Bondada's cumulative order book now exceeds Rs 14,000 crore, to be executed over a period of three years. Bondada Engineering is an infrastructure company that provides engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services, to customers in the telecom and solar energy industries throughout India. On a full-year basis, the company's consolidated net profit surged 167.2% to Rs 44.73 crore on a 116.1% jump in revenue from operations to Rs 800.72 crore in FY24 over FY23. Powered by Capital Market - Live

Bondada Engineering announced that its subsidiary, Bandada Green Engineering has received work order worth Rs 1.33 crore from Bharti Airtel for supply of 6 Mtr Height GI pole Wt 60kg (Hot Dipped Galvanised) without Base to Tamil Nadu.Powered by Capital Market - Live

The contract is for supplying a hot dip galvanized iron (GI) pole, having a height of 6 meters and weighing 60 kilograms. The pole would be without a base. The pole has to be delivered to Tamil Nadu within a period of one month, from the date of purchase order. Bondada Engineering is an infrastructure company that provides engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services, to customers in the telecom and solar energy industries throughout India. The scrip fell 3.22% to currently trade at Rs 390.45 on the BSE. Powered by Capital Market - Live

Bondada Engineering will hold a meeting of the Board of Directors of the Company on 1 May 2025.Powered by Capital Market - Live