Bondada Engineering Ltd. Incorporates Subsidiary for Power Project
Bondada Engineering Limited announced the incorporation of a subsidiary company, BONDADA DINESH SPV PRIVATE LIMITED, on March 26, 2026. The new subsidiary has been established as a Special Purpose Vehicle (SPV) to execute and implement a project awarded by Maharashtra State Power Generation Company Limited (MAHAGENCO) to a consortium comprising Bondada Engineering Limited and Dinesh Engineers Limited.The formation of the SPV aligns with the terms and conditions of the Request for Proposal (RFP) and the Letter of Award (LOA) for the project, which mandate a project-specific entity to fulfill contractual obligations including execution, financing, and operation.
Details of the subsidiary are as follows:
| Particulars | Details |
|---|---|
| Name | BONDADA DINESH SPV PRIVATE LIMITED |
| Authorised Capital | Rs. 1,00,000/- divided into 10,000 shares of Rs. 10/- each |
| Paid up Capital | Rs. 1,00,000/- divided into 10,000 shares of Rs. 10/- each |
| Turnover | Yet to commence the business |
| Industry | Operation &Maintenance - Renewable Energy |
| Shareholding | Bondada Engineering Limited holds 51% of the share capital |
| Incorporation Location | India |
The subsidiary’s objects include procuring, developing, owning, installing, operating, maintaining and managing Operation &Maintenance in the field of renewable energy, particularly solar and hybrid projects, and conducting research and development in renewable energy technologies. The incorporation strengthens Bondada Engineering Limited's presence in the Power & Energy sector.
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