Key Takeaways
- Bondada Engineering’s solar EPC order book has reached 5.5 GWp, while its BESS order book stands at 1.1 GWh.
- The company received a ₹1,338.03 crore contract for a 250 MW solar project, integrated with a 50 MW/200 MWh BESS in Uttar Pradesh.
- For FY26, Bondada Engineering reported an 81% revenue increase and an 86% rise in PAT, with future growth expected from a robust order pipeline.
Bondada Engineering Secures Major Solar Project
Bondada Engineering Ltd has announced a significant increase in its order book, reporting a rise to approximately 5.5 gigawatts peak (GWp) for solar engineering, procurement, and construction (EPC) projects, and 1.1 gigawatt-hours (GWh) for battery energy storage systems (BESS). The company has received a notification of award (NoA) from NTPC Renewable Energy Ltd for an engineering, procurement, and construction (EPC) contract valued at ₹1,338.03 crore.
The project involves a 250 MW solar photovoltaic installation integrated with a 50 MW/200 MWh battery energy storage system located in Sitapur, Uttar Pradesh. The completion of this contract is anticipated within 18 months following the receipt of the NoA.
This latest project is expected to enhance Bondada Engineering’s revenue during the contract period, continuing the company’s growth trajectory. In FY26, the firm reported an 81% rise in revenue, reaching ₹2,843 crore, which surpassed its earlier guidance of ₹2,600 crore. Additionally, profit after tax (PAT) rose by 86%, amounting to ₹211 crore.
As of March 31, 2026, the company’s total order book stands at approximately ₹7,147 crore, indicating strong revenue visibility through FY27. There is an additional pipeline of ₹9,000 crore in orders from the Andhra Pradesh 2GW Independent Power Producer (IPP) Project. Notably, around 65% of the current order book is derived from renewable energy projects, underscoring Bondada’s commitment to the sector and expectation of continued growth in this area.
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