Bondada Engineering Limited has announced a landmark achievement with the allocation of a 2,600 MWp (2,000 MW AC) solar power project from the Government of Andhra Pradesh. This strategic initiative underscores the company's growing role in India's renewable energy sector and is a major step aligned with national clean energy goals. The project, awarded under the Andhra Pradesh Integrated Clean Energy Policy – 2024, enhances Bondada’s project portfolio significantly, reinforcing its presence as a major infrastructure player.
The solar project has been sanctioned for implementation across multiple locations in the Ananthapuramu and Sri Sathya Sai districts, including Roddam, Kothacheruvu, Gooty, Peddavadugur, Vidapanakallu, Peddapappur, and Narpala. Execution will be carried out by Bondada Renewable Energy Pvt. Ltd., a wholly owned subsidiary.
The project involves a sanctioned investment of ₹9,000 crore and is expected to create 3,900 jobs within the state. This allocation was approved during the State Investment Promotion Board (SIPB) meeting held on 15 May 2025, with a stipulation to avoid overlap with other ongoing renewable energy projects.
Government support includes long-term land leases, evacuation infrastructure through APTRANSCO, and eligibility for central grants. The project is targeted for completion within 24 months, adding significant capacity to India’s renewable energy generation capabilities and bolstering regional economic development.
The awarded project not only elevates Bondada’s standing in the renewable energy industry but also contributes substantially to its financial trajectory. With this new order, the company’s order book has surged past ₹14,000 crore. Implementation phases are staggered from FY 2026 to FY 2028, after which annual revenues from Independent Power Production (IPP) are projected at ₹1,160 crore starting FY 2029.
The company anticipates phased execution with 250 MW in FY 2026, 750 MW in FY 2027, and 1,000 MW in FY 2028. Additionally, the Engineering, Procurement, and Construction (EPC) side of the project adds a substantial ₹9,000 crore in revenue. This integrated approach positions Bondada to deliver consistent value over a 25-year horizon.
Read More: Bondada Engineering Announces ₹450 Crore Investment in Assam’s Hybrid Renewable Energy Project
As of May 23, 2025, at 1:00 PM, Bondada Engineering share price is locked at an upper circuit limit of 10% at ₹425.05 per share. Over the past month, the stock has surged by 13.70%.
Bondada Engineering Limited’s receipt of the 2,600 MWp solar power project signifies a pivotal expansion in its clean energy initiatives and aligns with India’s broader decarbonisation objectives. With robust government support, a detailed implementation strategy, and substantial economic impact, the project stands as a landmark development in India’s renewable energy journey and Bondada’s corporate growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: May 23, 2025, 2:28 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
