Bondada Engineering has successfully obtained credit facilities worth Rs 125.00 crore from the State Bank of India (SBI), as announced by the company in a recent regulatory filing. This financial boost is set to support the company's working capital needs and ongoing projects, signaling a significant development for the engineering firm.

Credit Facility Details

The credit facilities sanctioned by SBI comprise two main components:

Purpose and Impact

The company stated that the funds raised through this sanction will be primarily utilized for working capital requirements of ongoing projects. This infusion of capital is expected to enhance Bondada Engineering's operational capabilities and project execution capacity.

Management Statement

In the regulatory filing, Bondada Engineering emphasized the significance of this financial arrangement, stating:

"The funds which shall be raised through this sanction will significantly be used for working capital requirements of ongoing projects."

About Bondada Engineering Limited

Bondada Engineering Limited, formerly known as Bondada Engineering Pvt Ltd, is headquartered in Hyderabad, Telangana. The company operates in the engineering sector, with its registered office located at Plot No-37, Ashok Manoj Nagar, Kapra, Hyderabad.

Conclusion

This development underscores the company's focus on strengthening its financial position to support its ongoing operations and project pipeline. Investors and stakeholders will likely be keeping a close eye on how this additional capital impacts Bondada Engineering's performance in the coming quarters.

Bondada Engineering Limited has set its sights on an ambitious growth trajectory, outlining bold objectives for the company's future in its latest corporate presentation. The engineering, procurement, and construction (EPC) firm has revealed plans to position itself among India's top five EPC companies by 2030, coupled with a target to achieve $1 billion in revenue within the same timeframe.

Strategic Vision for 2030

The company's forward-looking strategy, dubbed 'Vision 2030', encompasses several key objectives:

1. Revenue Goal: Bondada Engineering aims to reach a revenue milestone of $1 billion (approximately ₹10,000 crore) by 2030.

2. Market Position: The firm aspires to secure a place among the top five EPC companies in India within the next seven years.

3. Renewable Energy Focus: A significant part of the company's growth strategy revolves around renewable energy, with plans to achieve a cumulative capacity of 10 GW by 2030, broken down as follows:

   • 6 GW in Solar EPC projects
   • 2 GW in Battery Energy Storage Systems (BESS) and other renewable energy sources
   • 2 GW in Solar Independent Power Producer (IPP) projects

4. Geographic Expansion: Bondada Engineering has expressed intentions to expand its footprint into international markets, particularly in the Telecom and Renewable Energy sectors.

Current Market Position

As of March 2025, Bondada Engineering boasts a strong foundation for its ambitious goals:

• Order Book: The company reports orders in hand worth ₹5,282.00 crore, providing a solid base for near-term growth.
• Market Recognition: Bondada Engineering was recognized as the "Best Performer Company in BSE SME" at Diwali 2024 and was included in the "MSCI India Domestic Small Cap Index" in November 2024.
• Employee Base: The company employs over 3,500 professionals across India.
• Credit Rating: Bondada Engineering holds an "A-" credit rating from CRISIL, indicating a strong financial position.

Industry Outlook

The company's growth targets align with favorable industry trends:

• Telecom Sector: India's telecom industry is expected to see significant expansion, with plans for 7 lakh new towers by FY 2030, representing a market opportunity of approximately ₹2,00,000.00 crore.
• Renewable Energy: India aims to achieve 500 GW of renewable energy capacity by 2030, presenting substantial opportunities for EPC firms in the sector.
• Railways: The government has committed about ₹8,30,000.00 crore by 2030 for railway modernization, including the implementation of the Kavach system, creating significant prospects for EPC companies.

Conclusion

Bondada Engineering's ambitious vision reflects confidence in its capabilities and the growth potential of India's infrastructure and energy sectors. As the company works towards its 2030 goals, investors and industry observers will be keenly watching its progress in this competitive landscape.

Note: This article is based on the company's corporate presentation and does not constitute financial advice. Investors should conduct their own research and consult with financial advisors before making investment decisions.