Bondada Engineering Limited (BEL) has taken a significant step forward in the renewable energy sector by signing a Framework Agreement with the Adani Group, marking the beginning of a Strategic Design and Construction Partnership in renewable energy.

Key Highlights of the Partnership

• Initial Project: A 650 MW solar energy project awarded to BEL by Adani Green Energy Limited (AGEL)
• Partnership Duration: Five-year Strategic Partnership Framework
• Signing Ceremony: Held on November 18, 2025, at Adani Corporate Office, Shantigram, Ahmedabad
• Signatories:
  • Shri Vineet Jain, Managing Director and CEO of AGEL
  • Dr. Bondada Raghavendra Rao, Chairman and Managing Director of BEL

Adani Group's Plans

The Adani Group has plans for the Khavda region of Kutch district, which include:

• Establishing a Renewable Energy (RE) plant with a 30 GW capacity in the Khavda RE park
• Selecting Bondada Group as their strategic design and construction partner for this project

Bondada Engineering's Footprint in Renewable Energy

Bondada Engineering has been making strides in the renewable energy sector:

This partnership with the Adani Group further solidifies Bondada Engineering's position in India's renewable energy landscape.

The agreement, disclosed in compliance with SEBI regulations, represents a significant milestone for Bondada Engineering. It recognizes the company's growth in the renewable energy sector and positions it to play a role in India's national renewable energy mission.

As the renewable energy sector expands, partnerships between conglomerates and specialized engineering firms may contribute to the country's transition to cleaner energy sources. The collaboration between Bondada Engineering and the Adani Group could serve as an example for future projects in India's renewable energy plans.

Bondada Engineering Limited (BEL) has announced a significant milestone in its renewable energy portfolio. The company has been awarded a Letter of Award (LOA) from Maharashtra State Power Generation Company Limited (MAHAGENCO) for a 100 MWAC solar project valued at ₹465 crores.

Project Details

Project Significance

This contract represents a significant step for Bondada Engineering in the renewable energy sector. The project's scope includes:

• Land identification, acquisition, and transfer
• Complete EPC (Engineering, Procurement, and Construction) services
• Associated power evacuation system up to the STU Substation
• Three years of operation and maintenance post-commissioning

Market Impact

The news of this contract has been well-received by the market. As of the latest data, Bondada Engineering's market capitalization stands at ₹4,600.00 crores, reflecting investor confidence in the company's growth trajectory and execution capabilities in the renewable energy sector.

Company's Perspective

Securing this order from MAHAGENCO is seen as a testament to Bondada Engineering's technical prowess and execution expertise. The company views this as an opportunity to strengthen its position in the renewable energy EPC domain while contributing to India's clean energy mission.

Conclusion

This contract win by Bondada Engineering underscores the growing momentum in India's renewable energy sector. As companies like BEL continue to secure and execute large-scale solar projects, it not only boosts their business prospects but also accelerates the country's transition towards sustainable energy sources.

Investors and industry observers will likely keep a close watch on Bondada Engineering's execution of this project, as it could pave the way for more such contracts in the future, potentially impacting the company's long-term growth and market position.