Bondada Engineering Ltd — Updates, 23-05-2025: Company Update

Bondada Engineering Limited has announced a 2000 MW AC / 2600 MWp DC solar power project allocation by the Government of Andhra Pradesh, spanning multiple locations in Ananthapuramu and Sri Sathya Sai districts. The project, executed via its wholly owned subsidiary Bondada Renewable Energy Pvt. Ltd., involves an investment of ₹9,000 Cr, boosting the company’s order book to over ₹14,000 Cr. Execution is set within 24 months, with expected IPP revenue starting from ₹145 Cr in FY27, growing to ₹1,160 Cr annually from FY29 onwards. This project supports the company’s growth in renewable energy and aligns with India’s net-zero goals, creating around 3,900 jobs locally.