Bondada Engineering Secures 100 MWh Battery Storage Contract Worth ₹204.2 Crore

28 May 2025 , 10:30 AM

Bondada Engineering Ltd has received a Letter of Award (LoA) from Telangana Power Generation Corporation Ltd (TSGENCO) for undertaking construction of battery energy storage systems.

Bondada Engineering will deliver a 100 MWh battery energy storage project in Shankarpally, close to the 400/220 kV TGTRANSCO substation, in Telangana, to offer on demand power applications, under the contract.

The project will be implemented on a design, build, finance, operate and transfer (DBFOT) under a tariff-based competitive bidding route, along with viability gap funding of not more than 40%, and will be based on build own operate (BOO) basis. The cost for the entire project of ₹204.2 crore is for a duration of 12 years with commissioning scheduled in 18 months from signing the power purchase agreement.

In an exchange filing, the company said the project is in line with Telangana’s efforts to promote grid flexibility and renewable energy grid integration through battery storage infrastructure.

The announcement comes on the back of a big win for Bondada Engineering last week, when the firm received an order worth ₹9,000 crore from the Andhra Pradesh government for a mega solar power project.

The solar facility would be implemented at various locations in Andhra Pradesh and is integral to the state’s renewable energy growth plan under the Integrates Clean Energy Policy – 2024.

These sequential order wins also reinforce the company’s increasing footprint in the renewable and energy storage infrastructure space from India, in furtherance of state-level clean energy priorities and country-wide decarbonization ambitions.