Bondada Group Signs ₹3,000 Crore MoU for Goa Projects; Shares Rise 0.33%

Mumbai, November 03: Bondada Group (BSE: 543971; NSE: BONDADA) has signed a Memorandum of Understanding (MoU) with the Goa Investment Promotion and Facilitation Board (Goa-IPB), Government of Goa, for proposed investments of approximately ₹3,000 crore in solar energy and biogas projects in the state.

The MoU was signed on October 30, 2026. The proposed projects are expected to generate more than 700 employment opportunities, according to the company’s exchange filing.

Bondada Group’s Proposed Investment in Goa

Under the MoU, Bondada Group plans to establish projects in the solar energy and biogas segments. Goa-IPB will facilitate the necessary permissions, registrations, approvals and clearances required to establish and commence operations.

The board will also facilitate access to eligible fiscal and non-fiscal incentives available under the prevailing policies and regulations of the Government of Goa.

However, the company clarified that the MoU is non-binding in nature. The proposed investments and projects remain subject to further evaluation, statutory approvals, clearances and other necessary formalities.

Stock Market Snapshot

The Bondada Group share price was trading at ₹271, up ₹0.90 or 0.33% on Tuesday, November 3, 2026, at 2:14:29 PM IST, compared with the previous close of ₹270.10. The stock opened at ₹271.10.

The shares moved higher during the trading session following the company’s announcement. However, the price movement alone does not establish a direct link between the MoU and the stock’s performance.

About Bondada Group

Bondada Engineering Limited operates in the infrastructure and renewable energy sectors, with business activities spanning engineering, procurement and construction (EPC), telecom infrastructure and solar energy solutions.

Conclusion

Bondada Group’s proposed ₹3,000 crore investment in Goa marks a planned expansion into solar energy and biogas projects. The initiative could create over 700 employment opportunities, subject to project evaluation and the required approvals.

Source:

• https://www.nseindia.com/get-quote/equity/BONDADA/Bondada-Engineering-Limited
• https://nsearchives.nseindia.com/corporate/BONDADA_03112026131802_Dislcosure-NSE_and_BSE-GOA-MoU.pdf