Bondada Engineering Ltd — Important, 11-02-2026: Company Update

Bondada Engineering has secured credit facilities from Canara Bank for its Battery Energy Storage System (BESS) project with TNGECL. This marks the company's first large-scale, bank-funded term loan, signaling a strategic shift to an asset-ownership model expected to provide stable, long-term revenue. The project also qualifies for Viability Gap Funding of INR 108 Crore. This financial closure demonstrates strong lender confidence and aligns with India's energy transition goals, positioning Bondada to expand its renewable energy portfolio and deliver long-term stakeholder value.