Bondada Engineering Wins ₹9,000 Crore Solar Project in Andhra Pradesh

25 May 2025 , 07:44 PM

Bondada Engineering Ltd on Friday announced that it has won a large solar project in Andhra Pradesh of ₹9,000 crore. This will be achieved by building the 2000 MWac (2600 MW DC) across the Anantapuramu and Sri Sathya Sai districts.

Commissioned by the Andhra Pradesh government as part of its renewable energy drive, the project was awarded to Bondada Engineering. The project is intended to expand the state solar network and promote sustainable energy objectives.

’With this, Bondada Engineering’s consolidated order book increases to around ₹14,000 crore. The firm also expects its IPP (Independent Power Producer) to achieve annual revenue of around ₹1,160 crore from FY29 onwards

Bondada Engineering is solidifying its footprint in the renewable energy space, in line with India’s bigger initiatives for sustainable development and clean energy utilisation. Bondada Engineering Limited (BEL) is an infra services company with a clear focus on EPC & O&M works. It works mainly in telecom and solar energy with end to end technical solutions.

BEL was founded in 2012 and has expanded its footprint in India by serving heavy infrastructure deployments. The company is also a major player in India’s renewable energy sector, particularly in solar EPC projects.

Shares of Bondada Engineering closed at ₹425.05 on Friday which is a 9.9% gain than the previous close. The stock has gained 18% in the last one year and 2.98% in the last month.