Bondada Engineering Share Price Surges Over 9% On Securing ₹1,050 Crore LOI from Adani Group for 650 MW Solar Project

On October 23, 2025, Bondada Engineering Limited announced that it had received a Letter of Intent (LOI) worth ₹1,050 crore from Adani Green Energy Limited and Adani Green Energy Six Limited. The project involves the supply of goods and services for the Balance of System (BOS) of a 650 MW solar power project at Khavda Renewable Energy Park in Gujarat. 

Project Scope and Key Deliverables

The scope of work under this LOI covers complete design, engineering, manufacturing, procurement, quality assurance, and delivery of materials to the project site. It also includes comprehensive onsite services such as receipt, unloading, storage, handling, installation, testing, and commissioning of free-issue materials. The project further involves associated civil, mechanical, electrical, and structural works to ensure seamless commissioning and operational excellence.

Bondada Engineering’s contribution will play a pivotal role in supporting Adani Green Energy’s large-scale solar initiatives at Khavda, which is one of India’s largest renewable energy hubs.

Execution Timeline and Strategic Importance

The execution period for the project is 1 year from the date of receipt of the LOI. The order is domestic in nature and does not involve any related party transactions or promoter group interests. The ₹1,050 crore project value, exclusive of taxes, significantly strengthens Bondada Engineering’s order book and showcases its growing capability in delivering turnkey renewable energy infrastructure solutions.

This collaboration aligns with India’s broader mission to expand clean energy capacity and reduce carbon emissions, reflecting Bondada’s commitment to sustainability and engineering excellence.

Read More:Adani Realty and Marathon Nextgen Join Hands for ₹3,400-Crore Mumbai Project

Strengthening India’s Renewable Energy Goals

Bondada Engineering’s partnership with the Adani Group reaffirms its leadership in solar and renewable energy EPC solutions. With a strong track record in executing complex infrastructure and energy projects, the company continues to contribute meaningfully to India’s transition toward sustainable power generation. This LOI also enhances Bondada’s project execution pipeline, reinforcing its growth trajectory in the clean energy sector.

Bondada Engineering Share Price Performance

On October 23, 2025, Bondada Engineering share price opened at ₹431.10 on BSE, above the previous close of ₹420.80. During the day, it surged to ₹462.85 and dipped to ₹430.00. The stock is trading at ₹462.85 as of 2:58 PM hitting the upper circuit with a significant gain of 9.99%.

Over the past week, it has moved up by 11.02%, over the past month, it has moved up by 14.88%, and over the past 3 months, it has moved up by 7.83%.

Conclusion

The ₹1,050 crore LOI from Adani Green Energy marks another milestone for Bondada Engineering in India’s renewable energy landscape. Through advanced engineering, integrated project management, and timely delivery, the company is set to play a vital role in powering the nation’s green energy ambitions.

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