Bondada Engineering Limited, a leading player in renewable energy and rural electrification, has been awarded a Letter of Intent (LOI) worth Rs 63.86 crore by the Panchayati Raj Department, Government of Bihar. The order is for the implementation of Phase-IV of the Mukhyamantri Gramin Solar Street Light Yojana, covering Bhojpur, Gopalganj, and Rohtas districts.

Details of the Order

The LOI issued to M/s Bondada E&E Private Limited (Beelite), a subsidiary of Bondada Engineering Limited, specifies the installation of:

• 9,150 solar street lights in Bhojpur District

• 7,850 solar street lights in Gopalganj District

• 3,510 solar street lights in Rohtas District

The project is a domestic government initiative aimed at enhancing rural infrastructure through the adoption of solar-powered street lighting systems. The execution period for the project is 90 days from receipt of the work order, demonstrating the company’s commitment to timely delivery and efficient project management.

Strategic Importance for Bondada Engineering

This project reinforces Bondada Engineering’s presence in the renewable energy segment and rural electrification initiatives. It is expected to contribute positively to the company’s order book and future revenue streams. The scheme is being executed under the supervision of the Panchayati Raj Department in coordination with BREDA and district administrations, ensuring smooth implementation and compliance with local regulations.

The order is not a related party transaction, and no promoter, promoter group, or group companies have any interest in the entity awarding the contract. This emphasizes the transparency and compliance of Bondada Engineering in adhering to SEBI Listing Regulations.

Impacts on Rural Infrastructure

The Mukhyamantri Gramin Solar Street Light Yojana aims to transform rural infrastructure by providing reliable and sustainable solar street lighting. These installations will:

• Improve safety and visibility in rural areas during night time

• Promote the use of renewable energy sources, reducing reliance on conventional power

• Enhance the overall quality of rural life while supporting India’s sustainability goals

Strengthening Renewable Energy Portfolio

Bondada Engineering’s involvement in this government project underlines the company’s commitment to renewable energy and ESG initiatives. By implementing Phase-IV of the solar street lights project, the company not only expands its renewable energy footprint but also builds trust with government entities for future projects.

Future Prospects and Revenue Growth

With the completion of this project, Bondada Engineering is likely to see enhanced revenue growth and a stronger order pipeline. Successful execution will position the company as a preferred partner for large-scale renewable energy projects in India.

Conclusion

The award of the Rs 63.86 crore LOI from the Government of Bihar for the Phase-IV Mukhyamantri Gramin Solar Street Light Yojana represents a major milestone for Bondada Engineering Limited. This initiative will improve rural electrification, promote sustainable energy, and strengthen the company’s market presence, reinforcing its position as a leader in renewable energy solutions across India.

By delivering projects of this scale efficiently and within stipulated timelines, Bondada Engineering continues to demonstrate its capabilities, commitment to innovation, and contribution to national development goals, ensuring a brighter and more sustainable future for rural communities in Bihar.

Join our Telegram Channel for Latest News and Regular Updates.

Start your Mutual Fund Journey  by Opening Free Account in Asset Plus.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.