Bondada Engineering Wins ₹1,338 Cr NTPC Order for 250 MW Solar and BESS Project

Bondada Engineering Limited has secured a significant order worth ₹1338,03,29,049 (inclusive of GST) from NTPC Renewable Energy Limited for the engineering, procurement, and construction (EPC) of a 250 MW Solar PV project coupled with a 50 MW/200 MWh Battery Energy Storage System (BESS). The project is located in Sitapur, Uttar Pradesh, and is expected to enhance the company's revenue visibility and long-term value creation for shareholders. The contract, awarded by a domestic entity, underscores the company's growing stature in the renewable energy sector. The company confirmed that neither the promoter group nor group companies hold any interest in the awarding entity, and the transaction does not fall within related party transactions.

The order book for Bondada Engineering has strengthened following this award, with its Solar EPC order book expanding to approximately 5.5 GWp and its BESS order book increasing to around 1.1 GWh. This development provides strong execution momentum and establishes a robust platform for sustainable growth. The project is scheduled for completion within 18 months from the receipt of the Notification of Award (NOA). The award reflects the continued confidence of a major public sector undertaking in Bondada Engineering's engineering excellence and project execution capabilities. The company's market capitalisation stands at ₹3,600 Cr.

Project Details

The following table outlines the key particulars of the order:

Particulars:	Details
Name of the Awarding Entity:	NTPC Renewable Energy Limited
Nature of Order:	EPC Package for Development of 250 MW Solar with 50 MW/200 MWh BESS Project at Sitapur, Uttar Pradesh
Order Value:	₹1338,03,29,049 (inclusive of GST)
Execution Timeline:	18 months from receipt of NOA
Solar EPC Order Book:	~5.5 GWp
BESS Order Book:	~1.1 GWh

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.51%	+8.21%	+6.76%	-2.92%	-20.06%	+1,050.23%

Bondada Engineering has secured multiple orders aggregating to ₹469.52 crores from Adani Green Energy Ltd and Adani Green Energy Six Limited for the supply of goods and onsite services for a 250 MW Balance of System (BOS) package. The project is located at Khavda, Kutch, Gujarat — one of India's largest renewable energy hubs. The orders, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are to be executed within 8 months from the receipt of the order.

Order Details

The following table summarises the key parameters of the newly secured orders:

Parameter:	Details
Awarding Entities:	Adani Green Energy Ltd & Adani Green Energy Six Limited
Order Value:	₹469.52 crores
Scope:	Supply of goods and onsite services for 250 MW BOS Package
Project Location:	Khavda, Kutch, Gujarat
Entity Type:	Domestic
Related Party Transaction:	No
Promoter/Group Interest:	No
Expected Completion:	8 months from receipt of order

Cumulative Capacity Milestone

With the addition of this 250 MW BOS package, Bondada Engineering's cumulative executed capacity for the Adani Group has reached 975 MW. This milestone reflects the company's growing presence in large-scale solar and renewable energy infrastructure, particularly in executing Balance of System packages for marquee industry players. The continued inflow of high-value orders reflects the confidence reposed by reputed customers in the company's operational excellence, engineering expertise, and timely project execution capabilities.

Key Highlights

Order Value: ₹469.52 crores
Awarding Entities: Adani Green Energy Ltd and Adani Green Energy Six Limited
Package Type: 250 MW BOS Package
Project Location: Khavda, Kutch, Gujarat
Cumulative Executed Capacity (Adani Group): 975 MW
Completion Timeline: 8 months from receipt of order