Bondada Engineering Limited, a company at the forefront of EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) services in telecom and solar energy, has added another feather to its cap. On December 4, 2024, the company announced that it secured a significant work order valued at ₹108.9 crore. The contract, awarded by the Bihar Renewable Energy Development Agency (BREDA), is part of the Mukhyamantri Gramin Solar Street Light Yojana, a flagship initiative aimed at improving rural infrastructure.
The scope of the contract includes the design, supply, installation, testing, and commissioning of smart solar street lights. The project also encompasses a five-year comprehensive maintenance contract, including remote monitoring systems for operational efficiency. The street lights will be installed on existing electric poles across Bihar, ensuring cost-effective and efficient deployment.
The entire project is expected to be completed within 18 months of the agreement’s execution, showcasing Bondada’s ability to deliver large-scale projects within tight deadlines.
Bondada Engineering has built a reputation for excellence, having commissioned over 600 MW of solar energy projects to date. However, its expertise isn’t limited to the energy sector. The company is also engaged in manufacturing and supplying LED lights, building materials, uPVC products, and BLDC motors, reflecting a diverse portfolio aimed at addressing contemporary infrastructure needs.
The announcement of the work order positively impacted Bondada’s share price, which saw a gain of over 2% on Thursday, December 5, 2024.
This project reinforces Bondada Engineering’s role in India’s renewable energy sector. By contributing to a rural solar streetlight initiative, the company is not only expanding its business footprint but also playing a pivotal role in promoting sustainable development in the country.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 5, 2024, 2:19 PM IST
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