Latest news with #TGGENCO
Business Standard
27-05-2025
- Business
- Business Standard
Bondada Engineering secures Rs 204 cr LoA from TGGENCO
Bondada Engineering has secured LOA from Telangana Power Generation Corporation (TGGENCO) for setting up of 100 MWh (50MW x 2 hrs) Battery Energy Storage Systems in Telangana for 'on demand' usage under Tariff-based Global Competitive Bidding with Viability Gap Funding (VGF) under Build Own Operate at Shankarpally, Telangana near 400/220KV substation of TGTRANSCO. The value of the order is Rs 204.20 crore. Powered by Capital Market - Live News
Business Standard
27-05-2025
- Business
- Business Standard
Bondada Engg gains on bagging Rs 204-cr LoA from TGGENCO
Bondada Engineering rose 3.73% to Rs 485 after the company announced that it has secured a Letter of Award (LOA) worth Rs 204.20 crore from Telangana Power Generation Corporation (TGGENCO) for setting up of Battery Energy Storage Systems (BESS). The order involves the setting up of a 100 MWh (50 MW x 2 hours) Battery Energy Storage System in Telangana for on-demand usage. This project falls under tariff-based global competitive bidding with viability gap funding (VGF) and will follow a build-own-operate (BOO) model at Shankarpally, near the 400/220 KV substation of TGTRANSCO. The total order value is Rs 204.20 crore and the project is to be completed within 18 months from the execution of the Power Purchase Agreement (PPA). The company clarified that the contract does not involve any related party transactions. It also confirmed that neither the promoter, the promoter group, nor any group companies have any interest in the awarding entity. Bondada Engineering is an infrastructure company that provides engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services, to customers in the telecom and solar energy industries throughout India. On a full-year basis, the company's consolidated net profit surged 167.2% to Rs 44.73 crore on a 116.1% jump in revenue from operations to Rs 800.72 crore in FY24 over FY23.
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 Standard
13-05-2025
- Business
- Business Standard
Power Mech Projects secures order of Rs 971.98 cr
From Telangana Power Generation Corporation Power Mech Projects has secured a Rs 971.98 crore (excluding GST) order from Telangana Power Generation Corporation, Telangana, for the work TGGENCO - (Sx800MW)YTPS - Soil Investigation, Engineering, Design and Construction of Integrated Township with infrastructural Works consisting of Independent quarters (A & B Type) and Multistoried (Stilt+ 10 floors) residential quarters (D, E & F Type) including Fire Fighting System, Hospital building, School building, Club house, Commercial complexes, Indoor Stadium, Multipurpose Function Hall, Sports Complex, Security Rooms & Maintenance Offices, site Levelling and Grading, Roads & Drains, Construction of underground potable water tanks, OHSR, Septic Tanks & STP, Avenue Plantation, Parking Sheds, Rainwater harvesting pits, Laying BT approach Road to township including Bridge over Tungapadu vagu, Main Gate & Internal Compound walls, Street lighting, Sub-station at Yadadri Thermal Power Station, Veerlapalem(V), Dameracherla(M), Nalgonda District.
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Business Standard
13-05-2025
- Business
- Business Standard
Rs 972-cr order lifts Power Mech Projects share price 4%; key details here
Power Mech Projects share price: Construction engineering company Power Mech Projects shares were buzzing in trade on Tuesday, May 13, 2025, with the scrip popping as much as 3.78 per cent to hit an intraday high of ₹2,829.60 per share. At 12:45 PM, Power Mech Projects share price was trading 1.55 per cent higher at ₹2,768.50 per share. In comparison, BSE Sensex was trading 1.32 per cent lower at 81,345.28 level. What is the reason behind the uptick in Power Mech Projects share price? The uptick in Power Mech Projects share price came after the company announced that it has secured an order of ₹971.98 crore, excluding GST, from Telangana Power Generation Corporation Limited. In an exchange filing, Power Mech Projects said, '...order secured for the work 'TGGENCO - (Sx800MW)YTPS - Soil Investigation, Engineering, Design and Construction of Integrated Township with infrastructural Works consisting of Independent quarters (A & B Type) and Multistoried (Stilt+ 10 floors) residential quarters (D, E & F Type) including Fire Fighting System, Hospital building, School building, Club house, Commercial complexes, Indoor Stadium, Multipurpose Function Hall, Sports Complex, Security Rooms & Maintenance Offices, site Levelling and Grading, Roads & Drains, Construction of underground potable water tanks, OHSR, Septic Tanks & STP, Avenue Plantation, Parking Sheds, Rainwater harvesting pits, Laying BT approach Road to township including Bridge over Tungapadu vagu, Main Gate & Internal Compound walls, Street lighting, Sub-station at Yadadri Thermal Power Station, Veerlapalem(V), Dameracherla(M), Nalgonda District.' Under the terms of the order, Power Mech Projects will be responsible for the construction of integrated township with infrastructural works consisting of independent quarters (A & B Type), multistoried (Stilt+ 10 floors) residential quarters (D, E & F Type) and its associated works at Yadadri Thermal Power Station, Veerlapalem (V), Dameracherla (M), Nalgonda District. The order has to be executed in 30 months from the date of taking over of site, Power Mech Projects said, in a statement. About Power Mech Projects Power Mech Projects is among the leading infrastructure and construction companies with a strong focus on the power and infrastructure sectors. The company offers services such as the erection, testing, and commissioning (ETC) of boilers, turbines, and generators, along with Balance of Plant (BOP) works. Power Mech Projects is also actively involved in the operation and maintenance (O&M) of power plants and undertakes civil construction works related to power projects. Its expertise spans across engineering, procurement, and construction (EPC), making them a key player in delivering integrated solutions for power infrastructure. In addition to its core power sector operations, the company has diversified into other infrastructure domains including railways, mining, steel, transmission and distribution, and process industries. With a growing global footprint, the company has executed projects both in India and internationally. Its broad service offerings include engineering design, project management consultancy, procurement, logistics, and inventory management. The market capitalisation of Power Mech Projects is ₹8,752 crore, BSE data showed. The company falls under the BSE SmallCap category.
