Bondada Engineering secures allocation for 2000 MW solar power capacity in Andhra Pradesh
Bondada Engineering Limited has received a Government Order (GO) from the Energy Department of the Government of Andhra Pradesh for the allocation of 2000 MW AC / 2600 MWp DC solar power capacity. The solar projects will be developed across various locations in Ananthapuramu and Sri Sathya Sai districts.
The Company had earlier submitted detailed project proposals for the specified capacity. The proposed project locations include: Sri Sathya Sai District : Villages in Roddam and Kothacheruvu Mandals
Ananthapuramu District: Villages in Gooty, Peddavadugur, Vidapanakallu, Peddapappur, and Narpala Mandals
These proposals were reviewed and approved in the State Investment Promotion Board (SIPB) meeting held on May 15, 2025. The allocation is subject to the condition that there is no overlap with areas already assigned to other developers for renewable energy or wind resource assessment projects.
As per the Andhra Pradesh Integrated Clean Energy Policy – 2024, the implementation timeline for the project is 24 months.
The current order, valued at ₹9,000 crore, brings the company's order book to over ₹14,000 crore. Additionally, Bondada Engineering anticipates generating approximately ₹1,160 crore in revenue from Independent Power Producer (IPP) operations starting FY 2029.
This development supports ongoing efforts to expand renewable energy infrastructure in Andhra Pradesh in line with state and national clean energy objectives.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
an hour ago
- Business Upturn
Nifty 50 top gainers this week (June 7): Eternal, Shriram Finance, Dr. Reddy's, Mahindra & Mahindra and more
Indian stock markets closed the week on a positive note, rebounding after two straight weeks of losses. A surprise policy pivot by the Reserve Bank of India (RBI) boosted investor sentiment, especially in rate-sensitive sectors such as financials and real estate. The NSE Nifty 50 index climbed 1% on Friday to close at 25,003, while the BSE Sensex surged 747 points on Friday to end at 82,189. The Nifty Bank index also gained traction, rising nearly 2% during the week to finish at 56,578. Several Nifty 50 stocks posted impressive weekly gains, with Eternal, Shriram Finance and Dr. Reddy's leading the charge. Let's take a look at the top gainers of Nifty 50 this week, as per Trendlyne data. Top Stock Gainers This Week (Ending June 7, 2025) Eternal gained 9.9% this week, closing at ₹261.9. Shriram Finance rose 7.7% , ending the week at ₹688.3. Dr. Reddy's Laboratories increased 5.6% , with a closing price of ₹1320.9. Mahindra & Mahindra advanced 4.4% , closing at ₹3106.5. Adani Ports & Special Economic Zone was up 2.7% , settling at ₹1471.7. Hindalco Industries added 2.6% , finishing the week at ₹650.2. Cipla also gained 2.6% , with a closing value of ₹1504.2. Jio Financial Services climbed 2.6% , ending at ₹294.0. Trent moved up 2.4% , closing the week at ₹5777.0. Power Grid Corporation edged higher by 2.1%, with a closing price of ₹295.8. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Dr Reddy'sEternalMahindra & MahindraShriram FinanceStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
an hour ago
- Business Upturn
Nifty 50 top losers this week (June 7): HDFC Life, TCS, Tata Steel, SBI Life, Bajaj Finserv, Tata Motors and more
By Aman Shukla Published on June 7, 2025, 10:06 IST Indian stock markets closed the week on a strong footing, bouncing back after two consecutive weeks of losses. The bullish sentiment was fueled by a surprise policy pivot from the Reserve Bank of India (RBI), which provided a boost to investor confidence, particularly in interest rate-sensitive sectors like financials and real estate. The benchmark NSE Nifty 50 index rose by 1% on Friday, closing at 25,003. Meanwhile, the BSE Sensex surged 747 points on Friday to settle at 82,189, as market optimism returned. The Nifty Bank index also saw strong gains, rising nearly 2% to end the week at 56,578. Several major stocks underperformed this week, with HDFC Life, TCS and Tata Steel leading the losses. Let's take a closer look at the top 10 losers of the Nifty 50 this week, according to Trendlyne. Nifty 50 Top Losers This Week HDFC Life Insurance closed at ₹755.1, falling 2.8% over the week. Tata Consultancy Services ended at ₹3,384.2, registering a 2.3% weekly decline. Tata Steel settled at ₹157.5, down 2.2% for the week. SBI Life Insurance closed at ₹1,780.6, slipping 1.7% over the past five sessions. Bajaj Finserv finished at ₹1,990.0, losing 1.4% on a weekly basis. Tata Motors closed at ₹711.0, down 1.2% this week. Hero MotoCorp ended the week at ₹4,268.0, falling 1.0% . Asian Paints closed at ₹2,245.2, down 0.6% over the week. Larsen & Toubro ended at ₹3,656.3, declining 0.5% . Wipro closed at ₹248.6, marking a 0.4% fall this week. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Bajaj FinservHDFC LifeNifty 50SBI LifeTata MotorsTata SteelTCS Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
E&E News
9 hours ago
- E&E News
What's next for DOGE after the wild Trump-Musk breakup?
The very public internet feud between President Donald Trump and Elon Musk this week has thrown the fate of Musk's 'Department of Government Efficiency' operation into question. A clash over the Trump-backed spending bill devolved Thursday, with Musk suggesting Trump ought to be impeached and the president suggesting halting government contracts for Musk's companies. Trump downplayed the significance of the pair's blowup Thursday evening, and Republicans appeared eager to ease tensions after their dispute dominated headlines. But their bitter public brawl has raised a host of questions about how the Trump-Musk relationship will change moving forward. Advertisement Some federal employees are hopeful that DOGE will lose power within the administration after its early push to slash funding and fire employees. The fracas also raises questions about whether Musk's allies who remain in the DOGE operation will stick around, or might leave — or be nudged out — sooner than they had planned. 'The girls are fighting, and I'm here for it,' said one Energy Department career official who was granted anonymity to speak candidly. 'This could bode well for shaking things loose at DOE,' that person said. 'Right now, there is an ironclad hold on all funding activities, and that freeze is mostly at the request of DOGE.' Asked Friday about DOGE's fate in the wake of the Trump-Musk fight, White House spokesperson Taylor Rogers said in an email, 'The Trump administration will continue the mission of cutting waste, fraud, and abuse across all agencies to ensure the federal government is effectively using taxpayer dollars.' Rogers added that the passage of 'The One, Big, Beautiful Bill' and the rescissions package the White House sent to Congress are 'essential to further codifying the DOGE cuts.' EPA and the Energy and Interior departments did not respond to requests for comment about whether DOGE's stature within the administration and inside federal agencies will change in the wake of the fight. 'We were hopeful for this failure of relationships,' said an Interior Department employee who was granted anonymity because they fear retaliation. 'There is still a feeling that DOGE is heavily influencing things here,' due in part 'to contracts and agreements being scrutinized,' that person said. The public spat between Trump and Musk could give agency heads like Energy Secretary Chris Wright more leeway to make decisions independently, said a former Energy Department career staffer who was granted anonymity because they fear retribution. Musk being on the outs could also possibly make new hires and normal funding flow a little more likely, said that former staffer, who added that it's unclear whether the gutting of agency staffing and funding was due to Musk's efforts in particular. Tom Pyle, president of the conservative think tank Institute for Energy Research, said it's 'too early to tell' what the feud means for DOGE over the long term. Musk formally left his DOGE post last week, when Trump hosted a farewell event with the Tesla CEO in the Oval Office. Musk said last Friday that his exit was not the 'end of DOGE, but really the beginning.' When Trump created DOGE, he required agencies to establish their own DOGE teams. Many of the officials deployed early on by the administration have ties to Musk's companies, including SpaceX, X and xAI. Trump praised the DOGE team's work last week and said that many DOGE people would be 'staying behind' after Musk's departure. Musk contended at the time that he was leaving because his time as a temporary special government employee had come to an end, but Trump disputed that claim in one of his disparaging posts Thursday on Truth Social. 'Elon was 'wearing thin,' I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!' Trump posted. It remains to be seen whether DOGE was 'just a pet project that Donald Trump created for Elon Musk,' said Joel Payne, a Democratic strategist. The answer will become clear pretty quickly, Payne said. 'I think it's probably a pretty good bet that at a minimum it is not the high-profile effort that it was.' But even if there's a public effort to declare a truce, Payne said, 'I doubt the relationship between their collective worlds will ever be OK.' Despite the rift, Republicans and some agency employees aren't expecting an immediate or dramatic shift in DOGE's work at agencies. 'The DOGE folks that have been planted in these agencies have some pretty firm backing from the White House, and I don't think this changes that dynamic,' Pyle said. 'I think that they're still empowered to do their work, at least for now.' Sean Spicer, who served as White House press secretary during Trump's first term, said DOGE 'is much bigger than a group of staff. It has been a mentality that is now part of every department and agency.' Trump's energy and environmental Cabinet bosses — Wright, Interior Secretary Doug Burgum and EPA Administrator Lee Zeldin — were all together in Alaska this week to discuss energy issues and stayed out of the fray on social media. They have all previously praised Musk and the DOGE team's work. Nicole Cantello, president of an American Federation of Government Employees union local that represents employees in EPA's Chicago-based region, doesn't expect big changes in store for DOGE. 'We believe the spat between Trump and Musk will have no effect on the plan to dismantle the EPA,' Cantello said Friday. 'This administration has shown time and again that it is determined to put polluters first, over the health of the American people.'
