Bondada Engineering Ltd — Updates, 24-06-2025: Company Update

Bondada Engineering Limited

(Formerly known as Bondada Engineering Pvt Ltd)

Regd. Office: Corporate Office:

Plot No-37, Ashok Manoj Nagar, BONDADA HOUSE,

Kapra, Hyderabad, Telangana-500062, C-26, Kushaiguda Industrial Area,

Kushaiguda, ECIL, Hyderabad,

INDIA, TG-500062

Phone Number: 7207034662

CIN : L28910TG2012PLC080018 Email : Info@bondada.net, Website : www.bondada.net

Date: June 24, 2025

The Secretary,

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street, Mumbai – 400 001

Scrip Code: 543971

Dear Sir/Madam,

Sub: Receipt of Letter of Award from Tamil Nadu Green Energy Corporation Limited

Ref: Intimation under Regulation 30 and other applicable regulations of SEBI (Listing

Obligation & Disclosure Requirements) Regulations, 2015

This disclosure is in pursuance to Regulation 30 and other applicable regulations of the Securities

and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations,

2015, (“the Listing Regulations”).

We are pleased to inform the Stock Exchange that M/s. Bondada Engineering Limited has

secured LOA from M/s. Tamil Nadu Green Energy Corporation Limited (TNGECL) for

setting up of Battery Energy Storage Systems (BESS) as per the details given below. We

are delighted to inform that this is highest storage capacity order in the history of the

Company in BESS business line marking a significant step towards creating bigger battery

energy storage systems as a part of Company’s vision to reach 10GW capacity in green

space by 2030.

The project will deploy standalone grid-scale BESS facilities with a total capacity of 400

MWh at key locations — Vellalaviduthi and Thennampatty in Tamil Nadu State. The

initiative is aimed at boosting grid stability, integrating renewable energy, and managing

peak power demand accelerating Tamil Nadu’s clean energy transition.

The project will be executed under the build-own-operate (BOO) model, with Bondada Group

emerging as the successful bidder through a competitive tendering process conducted by

TNGECL.

“This project marks a key milestone for Bondada Group in the energy storage segment and

reflects our strong commitment to advancing India’s clean energy ecosystem”.

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Bondada Engineering Limited

(Formerly known as Bondada Engineering Pvt Ltd)

Regd. Office: Corporate Office:

Plot No-37, Ashok Manoj Nagar, BONDADA HOUSE,

Kapra, Hyderabad, Telangana-500062, C-26, Kushaiguda Industrial Area,

Kushaiguda, ECIL, Hyderabad,

INDIA, TG-500062

Phone Number: 7207034662

CIN : L28910TG2012PLC080018 Email : Info@bondada.net, Website : www.bondada.net

The initiative aligns with India’s National Framework for Energy Storage Systems (NFESS),

2023, and Tamil Nadu’s ambitious goal of achieving 50% renewable energy by 2030. The

system is expected to integrate with the state grid by 2027, contributing to India’s 500 GW non-

fossil fuel capacity target.

S. No. Particulars Details

1. name of the entity awarding the

order(s)

M/s. Tamil Nadu Green Energy

Corporation Limited

2. significant terms and conditions of

order(s)

Setting up of 400 MWh (200MW x 2 hrs)

Battery Energy Storage Systems in Tamil

Nadu with complete two cycle

charging/discharging for “on demand”

usage in “BOO” model under Tariff-based

Competitive Bidding under the state

component of Viability Gap Funding

(VGF) support at Vellaviduthi SS and

400/230-110 KV Thennampatti SS, Tamil

Nadu.

3. whether order(s) have been

awarded by domestic/ international

entity;

Domestic Entity

4. nature of order(s) Setting up of 400 MWh (200MW x 2 hrs)

Battery Energy Storage Systems in Tamil

Nadu with complete two cycle

charging/discharging for “on demand”

usage in “BOO” model under Tariff-based

Competitive Bidding under the state

component of VGF support at Vellaviduthi

SS and 400/230-110 KV Thennampatti SS,

Tamil Nadu.

5. whether domestic or international Domestic

6. time period by which the

order(s)/contract(s) is to be executed

18 months from execution of Battery

Energy Storage Purchase Agreement.

7. broad consideration or size of the

order(s)/contract(s);

The Broad consideration for this order shall

be Rs. 8,36,00,64,000/- (Rupees Eight

Hundred Thirty Six Crore Sixty Four

Thousand Only) (including GST) over a

period of 12 years.

8. whether the promoter/ promoter

group / group companies have any

interest in the entity that awarded

the order(s)

No

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Bondada Engineering Limited

(Formerly known as Bondada Engineering Pvt Ltd)

Regd. Office: Corporate Office:

Plot No-37, Ashok Manoj Nagar, BONDADA HOUSE,

Kapra, Hyderabad, Telangana-500062, C-26, Kushaiguda Industrial Area,

Kushaiguda, ECIL, Hyderabad,

INDIA, TG-500062

Phone Number: 7207034662

CIN : L28910TG2012PLC080018 Email : Info@bondada.net, Website : www.bondada.net

9. whether the order(s)/contract(s)

would fall within related party

transactions

No

Kindly take the aforementioned submission on your records.

Thank You,

For Bondada Engineering Limited

Sonia Bidlan

Company Secretary

M.No. A37766

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