Bondada Engineering Limited (BSE: 543971) has announced a significant milestone in its renewable energy journey, successfully commissioning 56.9 MW of solar projects in Maharashtra. This achievement has propelled the company's cumulative commissioned capacity beyond the 1 GW mark, reinforcing its position in India's growing renewable energy sector.

Project Details

The newly commissioned solar projects, completed as of October 31, 2025, are spread across various clusters in Maharashtra:

These projects were executed for Paradigm IT and MAHAGENCO (Maharashtra State Power Generation Co. Ltd.), demonstrating Bondada Engineering's capability to work with both private and public sector clients.

Overcoming Challenges

The company highlighted that despite challenging monsoon conditions, its Solar Division showcased exceptional commitment and technical prowess to ensure timely commissioning of the projects. This achievement underscores Bondada Engineering's resilience and expertise in the renewable energy sector.

Alignment with National Goals

The successful completion of these projects aligns with the National Renewable Energy Mission, contributing to India's clean energy goals. Bondada Engineering's efforts are in line with the country's push towards sustainable and green energy solutions.

Future Outlook

With the crossing of the 1 GW milestone, Bondada Engineering has reaffirmed its commitment to its Vision 2030. The company stated its dedication to delivering projects on time with a goal-oriented approach, supporting sustainable growth in the industry.

Sonia Bidlan, CS & Compliance Officer of Bondada Engineering Limited, confirmed these developments in a regulatory filing to the BSE on November 12, 2025.

As India continues to prioritize renewable energy, companies like Bondada Engineering play a crucial role in realizing the nation's green energy ambitions. The successful commissioning of these projects not only boosts the company's portfolio but also contributes significantly to Maharashtra's renewable energy capacity.

Bondada Engineering Limited , a key player in renewable energy, telecom, and railway infrastructure, has reported robust financial results for the first half of fiscal year 2026. The company's performance showcases significant growth across key financial metrics, with a substantial increase in its order book.

Financial Highlights

Bondada Engineering has demonstrated strong financial performance in H1 FY26:

The company's revenue mix for H1 FY26 was dominated by the renewable energy sector, contributing approximately 78% of the total revenue. Telecom and product segments contributed about 10% each to the overall revenue.

Order Book and Future Outlook

Bondada Engineering's order book stands at approximately INR 6,000 crores, with the following segment-wise breakdown:

Additionally, the company has L1 status worth INR 2,600 crores awaiting letter of awards. This potentially brings the total order book to INR 8,600 crores.

Operational Efficiency

The company has shown improvement in its working capital management:

• Debtor days reduced from 125 days to 107 days
• Cash conversion cycle improved from 110 days to 90 days

Future Growth Areas

Bondada Engineering is focusing on several growth areas:

1. Renewable Energy: Targeting 25 gigawatts of renewable energy deployment by 2030, including solar EPC, solar IPP, and Battery Energy Storage Systems (BESS).

2. BESS: The company has an order book of INR 850 crores in the BESS segment and expects 100% CAGR in this sector over the next 5 years.

3. Telecom: Continuing to strengthen its leadership in telecom infrastructure for Digital Bharat and 5G expansions.

4. Railways: Expanding its presence in railway safety projects, including Kavach passive infrastructure.

5. Data Centers and Defence: The company plans to enter these sectors, with more details expected in the coming quarters.

Management Commentary

Dr. Raghavendra Rao Bondada, Chairman and Managing Director, stated, "We are very much comfortable and confident that 60% of our target can be delivered in the second half. I think we are going to sustain both EBITDA, PBT or PAT margins. Maybe 100 base points increase will be there because of large scale operations."

The management expects to maintain the current PAT margins, with potential for slight improvement due to economies of scale.

Bondada Engineering aims to become a $1 billion company by 2030, driven by its diversified portfolio and strong order book. The company's focus on emerging sectors like BESS and potential entry into data centers and defence sectors positions it for continued growth in the coming years.