Bondada Wins ₹816 Crore Solar EPC Contract From NTPC Green; Shares Up 2%

Mumbai, May 8: Bondada Engineering Limited said it has received a Notification of Award from NTPC Green Energy Limited for Balance of System (BOS) works related to a 600 MW solar photovoltaic project at Fatehgarh in Rajasthan.

According to the company’s regulatory filing submitted under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the contract covers BOS works for Block-1 and Block-3 of the solar project under the Engineering, Procurement and Construction (EPC) model.

The order also includes operations and maintenance services for a period of three years.

Bondada Engineering said the total contract value stands at ₹816.01 crore and the project is expected to be completed within 16 months from receipt of the Notification of Award.

The scope of work includes design, engineering, site development, manufacturing, inspection, supply, inland transportation, storage, erection, installation, testing and commissioning activities for the solar project.

The company said the latest contract marks its second major order from the NTPC Group, taking cumulative order inflows from the group to nearly ₹1,207 crore with combined project capacity approaching 1 GW.

Following the latest award, Bondada Engineering said its Solar EPC order book has expanded to around 5.3 GW.

The fresh order comes as utility-scale renewable energy projects continue gathering pace across India, supported by rising demand for clean power generation and large-scale transmission infrastructure.

Stock Market Snapshot

Bondada Engineering shares traded higher after the company announced the NTPC Green Energy contract.

The stock traded at ₹355.30 on May 8, up 2.19% from the previous close of ₹347.70, according to market data.

As of 3:44 p.m. IST, the stock remained in positive territory during the session.

Investor sentiment across renewable energy and EPC-related stocks has remained upbeat amid a steady pipeline of solar project awards and increasing investments in green infrastructure.

Company Expands Presence In Solar EPC Segment

Bondada Engineering Limited operates in infrastructure and engineering services with business interests spanning telecom, renewable energy and EPC execution.

The company has been steadily expanding its footprint in the utility-scale solar EPC segment through large renewable energy infrastructure projects.

Bondada Engineering said the latest contract is expected to contribute meaningfully to revenue and profitability during the execution period while strengthening medium-term business visibility.

The company also noted that repeat business from the NTPC Group reflects continued confidence in its execution capabilities and project delivery standards.

Conclusion

The ₹816.01 crore NTPC Green Energy order significantly strengthens Bondada Engineering’s renewable energy project pipeline and boosts its presence in the fast-growing solar EPC sector.

The latest contract also improves long-term execution visibility as India accelerates utility-scale clean energy development and grid expansion efforts.

Source:

• https://www.bseindia.com/stock-share-price/bondada-engineering-ltd/bondada/543971
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/a1233050-8a08-4b49-b0b6-71f921ecf01b.pdf