Latest news with #BondadaEngineeringLimited
Business Upturn
27-05-2025
- Business
- Business Upturn
Bondada Engineering receives order worth Rs 204.20 crore for battery energy storage systems from TGGENCO
By Aman Shukla Published on May 27, 2025, 13:41 IST Bondada Engineering Limited has received a Letter of Award (LOA) from Telangana Power Generation Corporation Limited (TGGENCO) for the establishment of Battery Energy Storage Systems (BESS) in the state of Telangana. This marks the company's entry into the BESS business segment. The project involves the development of a 100 MWh (50 MW x 2 hours) Battery Energy Storage System at Shankarpally, Telangana, located near the 400/220 kV substation operated by TGTRANSCO. The system is intended for 'on demand' energy usage and will be developed under a tariff-based global competitive bidding process. The structure of the project includes Viability Gap Funding (VGF) and will be implemented under the Build Own Operate (BOO) model. The order has been awarded by a domestic entity, TGGENCO, and the execution timeline is set at 18 months from the date of signing the Power Purchase Agreement (PPA). The total value of the contract is approximately Rs. 204.20 crores, inclusive of GST, and the duration of the agreement spans 12 years. Bondada Engineering Limited, headquartered in Hyderabad, will be responsible for the complete execution of the project as per the specified terms. 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
23-05-2025
- Business
- Business Upturn
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
Business Upturn
22-04-2025
- Business
- Business Upturn
Bondada Engineering secures Rs 5.93 crore order from Dinesh Engineers for telecom towers in Chhattisgarh and Jharkhand
By Aditya Bhagchandani Published on April 22, 2025, 16:36 IST Bondada Engineering Limited has received a significant work order from Dinesh Engineers Limited for the supply of telecom infrastructure in eastern India. According to the company's exchange filing dated April 22, 2025, the order involves the supply of 55 telecom towers — each 40 meters tall — along with associated accessories such as bolts, nuts, and fasteners. The infrastructure will be delivered across Chhattisgarh and Jharkhand, with the project expected to be completed within eight months from the issuance of the purchase order. The total value of the order stands at Rs 5,93,38,719 (inclusive of GST), and the work has been awarded by a domestic entity. The company also confirmed that there is no related party involvement or promoter group interest in this transaction. This development marks a strategic win for Bondada Engineering as it strengthens its footprint in India's rapidly expanding telecom infrastructure segment. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
