Suratwwala Natural Energy Resource Awarded EPC Contract of Rs. 19 Crores from Bondada Engineering Limited
Suratwwala Business Group Limited's subsidiary, Suratwwala Natural Energy Resource Private Limited, has secured an Engineering, Procurement, and Construction (EPC) contract. The agreement was awarded by M/s. Bondada Engineering Limited for a project valued at Rs. 19 Crores Only, exclusive of GST.The awarded order pertains to the EPC basis for the design, engineering, supply (excluding PV module supply), unloading of PV Modules at the site, erection, testing, and commissioning of 15 MW AC. This capacity is part of a larger scope covering Crystalline Ground Mounted Solar PV Technology Grid Interactive Distributed Agriculture Feeder Solarization by Solar PV Power Plant under the MSKVY 2.0 scheme in Maharashtra, India.
In a structured overview of the contract details, the agreement is classified as a Domestic EPC contract awarded by a Domestic Entity.
| Particulars | Details |
|---|---|
| Name of awarding entity | M/s. Bondada Engineering Limited |
| Nature of contract | EPC |
| Contract value | Rs. 19 Crores Only (Exclusive of GST) |
| Total capacity covered | 15 MW AC (bringing total order value to 45 MW AC) |
| Contract execution date | 08.04.2026 |
The contract also mandates a Performance Guarantee of 5% of the Total contract value and a Bank Guarantee of 5% of the Total Contract value.
Suratwwala Natural Energy Resource Private Limited confirmed that neither the awarding entity nor the contract falls within the purview of Related Party Transactions. Furthermore, the company noted that none of the promoter or promoter group or group companies have any interest in the entity that awarded the order or contract.
The Subsidiary's primary business, through Suratwwala Natural Energy Resource Private Limited, was formerly known as Suratwwala Natural Energy Resource LLP. Suratwwala Business Group Limited, the parent entity, operates out of Pune.
SBGLP Stock Price Movement
Today, Suratwwala Business Group Limited shares rallied, finishing up 11.20% to settle at ₹29.2. The upward momentum was supported by active trading, which saw 85,549 shares change hands today.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.