Bondada Engineering Limited has officially received a Letter of Award (LOA) from AP TRANSCO (Transmission Corporation of Andhra Pradesh Limited) for a major battery energy storage system project. The company announced this development through a regulatory filing under SEBI Regulation 30, marking a significant milestone in its renewable energy infrastructure portfolio.

Project Award Details

The Letter of Award encompasses comprehensive specifications for a standalone battery energy storage system with substantial technical and financial parameters:

Strategic Portfolio Expansion

With this latest project award, Bondada Engineering Limited's cumulative battery energy storage system portfolio now stands at nearly 1 GWh capacity. This expansion positions the company as a strong and credible player in India's rapidly evolving energy storage ecosystem.

The project is strategically significant as it establishes a long-term annuity-based revenue stream for the company. This model enhances revenue stability, improves cash flow visibility, and provides return predictability for stakeholders.

Financial and Operational Impact

The ₹627.00 crore project represents a substantial contract win that will contribute meaningfully to revenues post-construction phase. The BOO model ensures the company will generate stable, long-term annuity income, thereby enhancing shareholder value and earnings visibility.

Market Positioning

This milestone meaningfully strengthens Bondada Engineering Limited's long-term growth visibility and aligns with India's grid-scale energy transition and storage-led infrastructure development initiatives. The 225 MW/450 MWh standalone battery energy storage system will contribute to grid stability and renewable energy integration capabilities in Andhra Pradesh.

The project award demonstrates the company's capability to secure and execute large-scale infrastructure projects in the evolving energy storage sector, particularly in the critical area of grid-scale battery energy storage systems.

Bondada Engineering Limited shares gained over 2% following the announcement of securing a strategically significant EPC order worth ₹391.38 crores from NTPC Green Energy Limited (NGEL). This substantial contract represents the company's first order from NTPC Green Energy and marks a major milestone in strengthening its renewable energy portfolio.

Stock Performance and Market Response

Shares of Bondada Engineering traded at ₹374.20 on BSE, reflecting a 2.13% gain from the day's opening. The positive market response demonstrates investor confidence in the company's growing order book and execution capabilities in the renewable energy sector.

Project Specifications

The contract involves Balance of System (BOS) works for establishing a 300 MW Solar PV Project at Lalitpur under Engineering, Procurement and Construction (EPC) mode, complemented by Operations & Maintenance (O&M) services. The following table outlines the key project parameters:

Comprehensive Scope of Work

The EPC contract encompasses design, engineering, site development, manufacturing, inspection at suppliers' works, supply, insurance, transport, storage, erection, installation, testing and commissioning of the complete solar power project. This comprehensive scope demonstrates Bondada Engineering's integrated capabilities across the entire solar project development lifecycle.

Enhanced Order Book Position

This contract significantly strengthens Bondada Engineering's market position, with the company's total EPC orders now standing at approximately 3.3 GW. The robust order book follows the recent major contract win worth ₹945.10 crores from NLC India Limited for an 810 MW solar power project at RVUNL Solar Park in Bikaner, Rajasthan. The combined order value represents nearly one-fifth of the company's market capitalisation of over ₹4,000 crores.

Strategic Business Impact

The successive contract awards from marquee PSU clients reinforce Bondada Engineering's execution capabilities and market credibility in utility-scale solar infrastructure projects. These orders provide strong revenue visibility and execution momentum, positioning the company for sustained growth in the expanding renewable energy sector while enhancing long-term stakeholder value.