Bondada Engineering Gets ₹911.25 Crore SBI Sanction For 225 MW Solar Project; Shares Flat

Mumbai, October 5: Bondada Engineering Limited said its subsidiary Onix IPP Private Limited has received a sanction of ₹911.25 crore from State Bank of India for financing a 225 MW solar Independent Power Producer (IPP) project.

According to the exchange disclosure dated October 5, 2026, the sanctioned facility comprises ₹900 crore of term loan facilities and ₹11.25 crore of non-fund-based facilities.

The solar project is being developed by Onix IPP, with SBI acting as the lending institution. The project is backed by a 25-year Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL).

Stock Market Snapshot

The Bondada Engineering share price stood at ₹271.00 as of 12:36 PM IST on October 5, 2026, according to the market data.

The stock was broadly flat at the time, after moving between positive and negative territory during the trading session. Shares had traded above ₹272 earlier before easing towards the ₹271 mark.

The Bondada Engineering share price movement came as the company disclosed the SBI financing sanction for the 225 MW solar project.

225 MW Project Backed By 25-Year PPA

The 225 MW solar IPP project has a total sanctioned facility of ₹911.25 crore from SBI. The financing structure includes ₹900 crore in term loan facilities and ₹11.25 crore in non-fund-based facilities.

The project has a long-term PPA with MSEDCL for 25 years. The company said the agreement provides visibility over cash flows during the project tenure and supports its expansion in the renewable energy IPP segment.

The financing sanction is expected to support the development of the solar project and expand Bondada Engineering’s portfolio of renewable energy assets.

Bondada Engineering Expands Renewable Energy Platform

Bondada Engineering said it is building its renewable energy business through a combination of engineering, procurement and construction, operations and maintenance, and build-own-operate opportunities.

The company said the 225 MW project is expected to strengthen its renewable energy portfolio while contributing to long-term revenue visibility and sustainable growth.

The SBI sanction also represents a financing milestone for the subsidiary as it moves forward with the solar IPP project backed by the long-term PPA.

Conclusion

The ₹911.25 crore SBI financing sanction gives Bondada Engineering’s subsidiary funding support for its 225 MW solar IPP project, which is backed by a 25-year PPA with MSEDCL. The project marks a further expansion of the company’s renewable energy platform, while the Bondada Engineering share price was around ₹271 as of 12:36 PM IST on October 5, 2026.

Source:

• https://www.bseindia.com/stock-share-price/bondada-engineering-ltd/bondada/543971
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/365d4ca3-ae90-4c6a-a47a-6ae84ce38f4a.pdf