Latest news with #BatteryEnergyStoragePurchaseAgreement
Mint
17 hours ago
- Business
- Mint
Multibagger small-cap stock hits 5% upper circuit on ₹836 crore green energy order win
Stock Market Today: Multibagger small-cap stock hits 5% upper circuit on ₹ 836 crore order win. Check details about mega order win by Bondada Engineering Limited Bondada Engineering on Tuesday, 24 June 2025, announced having won a large green energy storage order worth ₹ 836 crore. Bondada Engineering, in its release on the BSE, or Bombay Stock Exchange, announced receipt of a letter of award from Tamil Nadu Green Energy Corporation Limited. As per the release, Bondada Engineering Limited has obtained a Letter of Authorization (LOA) from M/s. Tamil Nadu Green Energy Corporation Limited (TNGECL) to establish Battery Energy Storage Systems (BESS). Bondada Engineering highlighted that this is the 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 the company's vision to reach 10 GW capacity in green space by 2030. The project would install 400 MWh of standalone grid-scale BESS facilities at two strategic locations in Tamil Nadu State, i.e., at Vellalaviduthi and at Thennampatty. As per Bondada Engineering, Tamil Nadu's clean energy transition will be accelerated by the program, which aims to manage peak power demand, integrate renewable energy, and improve grid stability. After TNGECL held a competitive tendering procedure, Bondada Group emerged as the successful bidder, and the project will be carried out under the build-own-operate (BOO) model. '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,' as per Bondada Engineering. The broad consideration for this order from Tamil Nadu Green Energy Corporation Limited 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. The time period in which the order is to be executed stands at 18 months from the execution of the Battery Energy Storage Purchase Agreement. Bondada Engineering share price opened at ₹ 456 on the BSE on Tuesday and at the time of opening was higher compared to the previous day's closing price of ₹ 444.10 for Bondada Engineering share price. The Bondada Engineering share price thereafter rose to an intraday high of ₹ 466.30, which translated into gains of 5%. The upper price band for Bondada Engineering share price also stands at 5%; the stock was locked in the upper circuit. Bondada Engineering share price, which has gained 1322% in last 5 years, has given multibagger returns to the investors.
Time of India
18 hours ago
- Business
- Time of India
Battery storage TN closer to reality, as three firms bag tender for 1000MWh systems
Chennai: Tamil Nadu moved a step closer to achieving the storage of excess green power, as three companies won the tender floated by TN Green Energy Corporation Ltd (TNGECL) to set up a 1,000 MWh battery storage system in the state. NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), was awarded a 500 MWh battery energy storage system . Bondada Engineering Ltd won the bid to set up a 400 MWh battery system, while Oriana Power will set up a 100 MWh battery system. These companies can store 1 lakh million units of electricity to release it in two cycles when the power demand peaks. TNGECL MD Aneesh Sekhar said that the winning bidders should connect the fully developed battery systems to the grid in 18 months. NLC India Limited (NLCIL) said that their project involves the development of three standalone battery storage systems with a combined capacity of 250 MW / 500 MWh. These systems will be established at the 400/230/110 kV substations in Ottapidaram, Anuppankulam, and Kayathar, all located in the state. The battery energy storage systems will be implemented under the Build-Own-Operate (BOO) model and were awarded through a tariff-based competitive bidding process as part of the state component of the Viability Gap Funding (VGF) scheme. Tamil Nadu has an installed capacity of nearly 19,000 MW of wind and solar energy, making battery storage a viable option. TNPDCL officials said the battery storage system will help store excess renewable energy during off-peak hours and discharge when the power demand peaks. This will reduce grid instability, prevent blackouts, and enhance the efficiency of Tamil Nadu's clean energy network, said an official. TNPDCL will procure energy storage services from NIRL through a long-term Battery Energy Storage Purchase Agreement (BESPA) for a period of 12 years. NLC India Limited earlier commissioned an 8 MWh BESS integrated with a 20 MW solar project in the Andaman Islands. That project played a key role in reducing diesel consumption and improving power reliability in the region, the firm said.
Mint
20 hours ago
- Business
- Mint
Multibagger small-cap stock hits 5% upper circuit on ₹836 crore green energy order win
Stock Market Today: Multibagger small-cap stock hits 5% upper circuit on ₹ 836 crore order win. Check details about mega order win by Bondada Engineering Limited Bondada Engineering on Tuesday, 24 June 2025, announced having won a large green energy storage order worth ₹ 836 crore. Bondada Engineering, in its release on the BSE, or Bombay Stock Exchange, announced receipt of a letter of award from Tamil Nadu Green Energy Corporation Limited. As per the release, Bondada Engineering Limited has obtained a Letter of Authorization (LOA) from M/s. Tamil Nadu Green Energy Corporation Limited (TNGECL) to establish Battery Energy Storage Systems (BESS). Bondada Engineering highlighted that this is the 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 the company's vision to reach 10 GW capacity in green space by 2030. The project would install 400 MWh of standalone grid-scale BESS facilities at two strategic locations in Tamil Nadu State, i.e., at Vellalaviduthi and at Thennampatty. As per Bondada Engineering, Tamil Nadu's clean energy transition will be accelerated by the program, which aims to manage peak power demand, integrate renewable energy, and improve grid stability. After TNGECL held a competitive tendering procedure, Bondada Group emerged as the successful bidder, and the project will be carried out under the build-own-operate (BOO) model. '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,' as per Bondada Engineering. The broad consideration for this order from Tamil Nadu Green Energy Corporation Limited 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. The time period in which the order is to be executed stands at 18 months from the execution of the Battery Energy Storage Purchase Agreement. Bondada Engineering share price opened at ₹ 456 on the BSE on Tuesday and at the time of opening was higher compared to the previous day's closing price of ₹ 444.10 for Bondada Engineering share price. The Bondada Engineering share price thereafter rose to an intraday high of ₹ 466.30, which translated into gains of 5%. The upper price band for Bondada Engineering share price also stands at 5%; the stock was locked in the upper circuit. Bondada Engineering share price, which has gained 1322% in last 5 years, has given multibagger returns to the investors. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
20 hours ago
- Business
- Time of India
Battery storage TN closer to reality, as three firms bag tender for 1000MWh systems
Chennai: Tamil Nadu moved a step closer to achieving the storage of excess green power, as three companies won the tender floated by TN Green Energy Corporation Ltd (TNGECL) to set up a 1,000 MWh battery storage system in the state. NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), was awarded a 500 MWh battery energy storage system . Bondada Engineering Ltd won the bid to set up a 400 MWh battery system, while Oriana Power will set up a 100 MWh battery system. These companies can store 1 lakh million units of electricity to release it in two cycles when the power demand peaks. TNGECL MD Aneesh Sekhar said that the winning bidders should connect the fully developed battery systems to the grid in 18 months. NLC India Limited (NLCIL) said that their project involves the development of three standalone battery storage systems with a combined capacity of 250 MW / 500 MWh. These systems will be established at the 400/230/110 kV substations in Ottapidaram, Anuppankulam, and Kayathar, all located in the state. The battery energy storage systems will be implemented under the Build-Own-Operate (BOO) model and were awarded through a tariff-based competitive bidding process as part of the state component of the Viability Gap Funding (VGF) scheme. Tamil Nadu has an installed capacity of nearly 19,000 MW of wind and solar energy, making battery storage a viable option. TNPDCL officials said the battery storage system will help store excess renewable energy during off-peak hours and discharge when the power demand peaks. This will reduce grid instability, prevent blackouts, and enhance the efficiency of Tamil Nadu's clean energy network, said an official. TNPDCL will procure energy storage services from NIRL through a long-term Battery Energy Storage Purchase Agreement (BESPA) for a period of 12 years. NLC India Limited earlier commissioned an 8 MWh BESS integrated with a 20 MW solar project in the Andaman Islands. That project played a key role in reducing diesel consumption and improving power reliability in the region, the firm said.
Time of India
a day ago
- Business
- Time of India
Battery storage TN closer to reality, as three firms bag tender for 1000MWh systems
Chennai: Tamil Nadu moved a step closer to achieving the storage of excess green power, as three companies won the tender floated by TN Green Energy Corporation Ltd (TNGECL) to set up a 1,000 MWh battery storage system in the state. NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), was awarded a 500 MWh battery energy storage system. Bondada Engineering Ltd won the bid to set up a 400 MWh battery system, while Oriana Power will set up a 100 MWh battery system. These companies can store 1 lakh million units of electricity to release it in two cycles when the power demand peaks. TNGECL MD Aneesh Sekhar said that the winning bidders should connect the fully developed battery systems to the grid in 18 months. NLC India Limited (NLCIL) said that their project involves the development of three standalone battery storage systems with a combined capacity of 250 MW / 500 MWh. These systems will be established at the 400/230/110 kV substations in Ottapidaram, Anuppankulam, and Kayathar, all located in the state. The battery energy storage systems will be implemented under the Build-Own-Operate (BOO) model and were awarded through a tariff-based competitive bidding process as part of the state component of the Viability Gap Funding (VGF) scheme. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sólo 1 vaso antes de acostarte y perderás hasta 10 kg en 1 mes NEWSCASA Undo T amil Nadu has an installed capacity of nearly 19,000 MW of wind and solar energy, making battery storage a viable option. TNPDCL officials said the battery storage system will help store excess renewable energy during off-peak hours and discharge when the power demand peaks. This will reduce grid instability, prevent blackouts, and enhance the efficiency of Tamil Nadu's clean energy network, said an official. TNPDCL will procure energy storage services from NIRL through a long-term Battery Energy Storage Purchase Agreement (BESPA) for a period of 12 years. NLC India Limited earlier commissioned an 8 MWh BESS integrated with a 20 MW solar project in the Andaman Islands. That project played a key role in reducing diesel consumption and improving power reliability in the region, the firm said.
