Order Win / Contract Award

Bondada Engineering Receives Rs. 816 Crore Solar EPC Order from NTPC Green

NSE

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BSE

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Bondada Engineering received a Notification of Award (NOA) worth Rs. 816 Crore from NTPC Green Energy Limited for BOS works of a 600 MW Solar PV project in Rajasthan

PRICE-SENSITIVE TRIGGER

Event: Major Solar EPC Order Win

Type: Order Win / Contract Award

Impact: Positive

Immediate Effect: The order significantly strengthens Bondada’s solar EPC order book and revenue visibility

Key Metrics:

Order Value: Rs. 816 crore
Project Size: 600 MW Solar PV
Execution Timeline: 16 months
O&M Duration: 3 years
Total Solar EPC Order Book: ~5.3 GWp
Cumulative Order Inflow: ~Rs. 1,207 crore

Highlight:

Bondada secured a major Rs. 816 crore solar EPC order from NTPC Green Energy

What Happened ?

Bondada Engineering received a Notification of Award from NTPC Green Energy Limited for BOS works of a 600 MW Solar PV project at Fatehgarh, Rajasthan.

The project includes:

EPC execution
Site development
Supply and installation
Testing and commissioning
3-year O&M services

key highlights

Project Details:

The customer is NTPC Green Energy Limited.
The project is domestic in nature.
Execution timeline is 16 months.
The project will be executed under EPC mode.
The order marks Bondada’s second order from NTPC Group.
Total cumulative capacity is nearing 1 GW.

Note:

The company said the order strengthens medium-term revenue visibility and execution momentum.

Risk Analysis

Key Risks

EPC execution risk
Project timeline risk
Cost escalation risk
Renewable sector policy risks

Worst Case Scenario

Project delays or execution challenges could impact profitability and order realization.

Risk Level: Medium

Company Commentary

Bondada highlighted strong execution and operational capabilities.
Management said the order strengthens its renewable energy presence.
The company expects meaningful contribution to revenues and profitability.

Official Exchange Filing: Bondada Engineering Limited