Bondada Engineering has received ₹1,153.93 crore EPC order for development of a 270 MWp ground-mounted solar PV project across various locations in Maharashtra.
The project is a significant addition to Bondada’s renewable energy portfolio and will be executed over a six-month period, from the receipt of the order, the Hyderabad-headquartered company said on Tuesday without mentioning the entity that has placed the order.
It reflects the growing scale of opportunities “we are pursuing in the renewable energy sector. The 270 MWp project strengthens our solar EPC portfolio and reinforces our focus on building execution capabilities across high-growth segments such as renewable energy and BESS,” Chairman and Managing Director Bondada Raghavendra Rao said.
Bondada Engineering shares gained 3.63% to close at ₹279.65 apiece on the BSE.
SBI sanctions ₹911.25 crore
On Monday the company intimated the stock exchange about subsidiary Onix IPP receiving a ₹911.25 crore sanction from State Bank of India for financing a 225 MW solar independent power producer (IPP) project.
The sanction comprises ₹900 crore of term loan facilities and ₹11.25 crore of non-fund-based facilities. The IPP project is supported by a 25-year power purchase agreement (PPA) with Maharashtra State Electricity Distribution Company (MSEDCL), providing long-term revenue visibility and predictable cash flows over the project tenure.
Bondada said the project is expected to strengthen the company’s renewable energy portfolio as it continues to focus on expanding renewable energy platform through a combination of EPC, O&M, BESS and IPP opportunities.
Published - October 06, 2026 08:12 pm IST