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.
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.
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
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.
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%.
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.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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 securities are subject to market risks. Read all related documents carefully before investing.
Published on: Oct 23, 2025, 4:02 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
