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.

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.