Bondada Engineering Limited, a prominent name in the renewable energy and infrastructure sector, has added another feather to its cap with a significant ₹1,089 crore order from the Bihar Renewable Energy Development Agency (BREDA). This order involves the design, supply, installation, testing, and commissioning of remote monitoring systems for smart solar street light systems under the Mukhyamantri Gramin Solar Street Light Yojana in Bihar.

The project, structured on an EPC (Engineering, Procurement, and Construction) basis, also includes a 5-year maintenance contract. With a completion timeline of 18 months post-agreement execution, the order emphasizes Bondada’s growing capabilities in handling large-scale solar projects.

At 11:36 am on December 5, shares of Bondada Engineering surged over 3%, trading at ₹601.50 on the NSE. This multibagger stock has delivered an impressive 650% year-to-date gain and a staggering 1,730% rise since its listing in September last year.

Previous Order Wins Bolster Growth

Adding to its momentum, Bondada Engineering recently bagged two major EPC contracts under the MSKVY 2.0 scheme for developing crystalline ground-mounted solar PV power plants in Maharashtra.

• First Contract: Worth ₹763.16 crore, this includes the design, engineering, supply, erection, testing, and commissioning of the solar PV plant along with three years of operation and maintenance. The plant will operate at a 33/11 kV capacity.
• Second Contract: Valued at ₹369.08 crore, this involves similar activities but excludes the supply of PV modules, provided by MAHAGENCO.

Both projects aim to solarise agricultural feeders across Maharashtra, ensuring a sustainable energy supply for farmers.

Bondada Engineering: A Rising Star

With its strategic wins and consistent performance, Bondada Engineering has emerged as a key player in India's renewable energy sector. Its recent successes highlight its expertise in solar energy development, reinforcing investor confidence in the company’s long-term growth.

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Bondada Engineering’s remarkable growth trajectory makes it a company to watch, especially for those tracking the renewable energy sector’s evolution.