Bondada Engineering Secures Rs 1338 Crore EPC Contract from NTPC for Solar and BESS Project in UP
Bondada Engineering Limited has been awarded a major contract by NTPC Renewable Energy Limited. The award covers the EPC Package for the development of a substantial solar project coupled with a Battery Energy Storage System (BESS) at Sitapur, Uttar Pradesh.This significant order strengthens Bondada’s position as an engineering partner in India's renewable energy sector. The contract is valued at Rs 1338,03,29,049, making it a major addition to the company’s pipeline.
Details of the award from NTPC Renewable Energy Limited are as follows:
| Particular | Details |
|---|---|
| Awarding Entity | NTPC Renewable Energy Limited |
| Project Scope | EPC Package for Development of 250 MW Solar with 50 MW/200 MWh BESS Project at Sitapur, Uttar Pradesh |
| Contract Nature | Domestic EPC Package |
| Project Timeline | Completion of Facilities: 18 Months from receipt of NOA |
| Order Value | Rs 1338,03,29,049 (inclusive of GST) |
The project represents a commitment by NTPC Renewable Energy Limited to Bondada Engineering’s capabilities in large scale renewable infrastructure. The award helps cement the company's track record and execution strength within the clean energy market.
Following this contract, Bondada has seen notable expansion in its specialized order books. The addition of this project brings the company's Solar EPC order book size to approximately 5.5 GWp. Concurrently, the BESS order book has increased to about 1.1 GWh.
The strengthened order portfolio provides enhanced revenue visibility and operational momentum for Bondada Engineering Limited, positioning it for sustainable growth in the coming years.
Stock Price Movement
At 13:01, Bondada Engineering Ltd is ticking up at ₹336.00, rising 1.51% in today's trading session. The stock has seen a solid range throughout the day, moving between an intraday low of ₹321.60 and a high of ₹346.90.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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