Bondada Engineering Secures India's First Grid Scale Vanadium Redox Flow Battery Project
Bondada Engineering Ltd has received a Notification of Award (NOA) from NTPC Renewable Energy Limited (NTPC REL). The contract involves the Engineering, Procurement and Construction (EPC) Package for developing a 100 MWh Vanadium Redox Flow Battery Energy Storage System (VRFB BESS) at Khavda Solar Park in Gujarat.The project, which includes a ten-year Operation and Maintenance (O&M) commitment, positions Bondada as the first company to secure such a landmark grid scale VRFB BESS order in India. The contract was awarded by NTPC REL, with Delectrik Systems Pvt Ltd serving as the Technology Partner.
This strategic project underscores Bondada's capability to deliver large-scale renewable energy infrastructure and its agility in adopting next-generation energy storage technologies.
Technological Leap for Energy Storage
The award highlights the growing shift toward advanced battery technologies within the Indian grid. The VRFB technology chosen for this project offers distinct advantages compared to conventional Lithium Iron Phosphate (LFP) systems. While LFP batteries typically have an operational life of 12 to 15 years and rely heavily on imported cells, VRFB technology boasts a service life exceeding 25 years. Furthermore, it offers high intrinsic safety, stable performance during frequent cycling with near zero degradation, and reduced operational expenditure.This focus on indigenous solutions also aligns with the government’s push for energy security, as VRFB reduces long-term import dependence by utilizing domestic vanadium resources.
Addressing India's Energy Transition Needs
The contract contributes significantly to addressing the immense growth opportunity within the Indian energy storage market. The nation has set an ambitious target of deploying approximately 236 GWh of Battery Energy Storage Systems (BESS) by 2030, contrasting sharply with the current installed capacity of around 3.3 GWh.Bondada Engineering's achievement strengthens its position in the expanding BESS sector and complements its existing renewable energy EPC portfolio, supporting India's commitment to sustainable infrastructure development through advanced Long Duration Energy Storage (LDES) solutions.
Key details of the contract awarded by NTPC Renewable Energy Limited are provided below:
| Particular | Details |
|---|---|
| Entity Awarding | NTPC Renewable Energy Limited |
| Nature of Order | EPC Package for Development of 100 MWh Vanadium Redox Flow BESS at Khavda Solar Park, including 10 years of O&M. |
| Type of Entity | Domestic Entity |
| Time to Execution | Completion within 10 Months from receipt of NOA. |
| Project Scope/Size | 100MWh VRFB - EPC including O&M |
Stock Price Movement
Bondada Engineering Ltd is edging higher as of 12:05, trading at ₹293.50 after gaining 1.07%. The shares have seen a volatile session so far today, ranging between an intraday low of ₹283.50 and a high of ₹296.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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