Bondada Engineering Bags ₹1,338 Crore Wins Solar-Battery Project in Uttar Pradesh; Shares Jump 3%

Mumbai, June 16: Bondada Engineering climbed more than 3% on Monday after the company secured a ₹1,338.03 crore contract from NTPC Renewable Energy Ltd for a solar power project with battery storage in Uttar Pradesh.

The order covers engineering, procurement and construction (EPC) of a 250 MW solar project along with a 50 MW/200 MWh Battery Energy Storage System (BESS) at Sitapur, according to an exchange filing.

The company said the project is scheduled to be completed within 18 months from the date of the award.

The contract is among the largest announced by Bondada Engineering and comes as renewable developers increasingly pair solar capacity with battery storage to improve power availability after sunset.

Stock Market Snapshot

Bondada Engineering share price rose to ₹342.00, up 3.32% as of 1:20 PM IST on June 16, 2026.

The stock saw strong buying interest after the filing, with investors focusing on the size of the order and what it could mean for the company’s execution pipeline over the next few years.

For a company of Bondada’s size, a contract of more than ₹1,300 crore is significant. It provides a sizeable revenue stream and adds to an already growing renewable energy business.

Solar Plus Storage Becoming a Bigger Opportunity

The project reflects a broader shift underway in India’s renewable energy sector.

While solar installations continue to rise, utilities are increasingly adding battery storage to ensure electricity remains available even when generation falls. As a result, large integrated solar-plus-storage projects are becoming more common in government tenders.

Bondada said the latest award takes its solar EPC order book to around 5.5 GWp, while its battery storage order pipeline has expanded to roughly 1.1 GWh.

That gives the company exposure to two of the fastest-growing segments within the clean energy market.

Company Background

Bondada Engineering operates across telecom infrastructure, engineering services and renewable energy projects.

In recent years, the company has expanded aggressively into solar EPC and energy storage projects, benefiting from rising investment in India’s clean energy transition.

Conclusion

The NTPC Renewable Energy order is a meaningful win for Bondada Engineering, both because of its size and because it deepens the company’s presence in the emerging solar-plus-storage segment.

Investors appeared to view the development positively, pushing the stock higher as the market assessed the earnings potential from one of the company’s largest renewable energy contracts to date.

Source:

• https://www.bseindia.com/stock-share-price/bondada-engineering-ltd/bondada/543971
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/fae726ee-d457-46f7-93da-9aade781d5be.pdf