Bondada Engineering Limited has successfully commissioned solar energy projects with a combined capacity of 120.46 MWp during December 2025, marking a significant milestone in the company's renewable energy portfolio. The projects were executed for three major clients - Paradigm IT, Maharashtra State Power Generation Company Limited (Mahagenco), and NLC India Limited, demonstrating the company's capability to serve diverse segments in the power sector.

Project Portfolio and Geographic Spread

The completed solar installations span across multiple locations in Maharashtra and Tamil Nadu, representing a substantial addition to India's renewable energy capacity. The projects were strategically distributed across various clusters to optimize execution efficiency and regional energy distribution.

Enhanced Operational Performance

The company has achieved remarkable operational momentum by doubling its monthly commissioning volumes on a month-on-month basis over the last two consecutive months. This performance improvement reflects enhanced project management capabilities, improved operational efficiencies, and strong execution momentum within the Solar EPC segment. The achievement demonstrates Bondada Engineering's ability to scale operations while maintaining quality standards across multiple concurrent installations.

Technical Excellence and Quality Standards

The Solar Division demonstrated high levels of technical expertise and disciplined execution across all project locations. The company maintained adherence to stringent quality and safety standards, ensuring seamless delivery as per customer expectations. This technical proficiency enabled the timely completion of projects spanning diverse geographical locations and varying technical specifications.

Strategic Contribution to National Energy Goals

These project completions represent a significant contribution to India's National Renewable Energy Mission, reinforcing Bondada Engineering's role as a reliable EPC partner in the country's clean energy transition. The successful commissioning of 120.46 MWp capacity supports India's commitment to expanding renewable energy generation capacity and achieving sustainable power generation objectives.

The company's ability to execute projects for both public sector entities like Mahagenco and NLC India, as well as private sector clients like Paradigm IT, positions it strategically in the expanding solar energy market. Bondada Engineering continues to focus on scaling its renewable energy footprint through disciplined execution and robust governance while strengthening long-term value creation for stakeholders.

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.