Bondada Engineering Share Price Surges Over 2% on Securing ₹1,338 Crore EPC Contract from NTPC Renewable Energy

Written by: Team Angel OneUpdated on: 16 Jun 2026, 7:02 pm IST

Bondada Engineering has received a Notification of Award (NOA) from NTPC Renewable Energy for the EPC Package for the development of a 250 MW Solar PV Project with 50 MW/200 MWh BESS Project at Sitapur, Uttar Pradesh

On June 16, 2026, Bondada Engineering Limited has been awarded a major EPC contract by NTPC Renewable Energy Limited for the development of a 250 MW solar project with a 50 MW/200 MWh Battery Energy Storage System (BESS) in Sitapur, Uttar Pradesh.

Bondada Engineering Secures Order from NPTC Renewable Energy

Bondada Engineering Limited has secured a contract from NTPC Renewable Energy Limited for an EPC package involving the development of a 250 MW solar project with a 50 MW/200 MWh BESS in Sitapur, Uttar Pradesh. The contract is valued at ₹1,338,03,29,049, inclusive of GST.

Importance of Domestic Supply

This contract highlights the emphasis on domestic supply and development within India's renewable energy sector.

The project is a testament to Bondada's capabilities in engineering and project execution, reinforcing its position as a trusted partner in the clean energy transition.

Project Timeline and Execution

The project is set to be completed within 18 months from the receipt of the Notification of Award (NOA). This timeline underscores the company's commitment to timely and efficient project delivery.

Project Location and Impact

The project will be developed in Sitapur, Uttar Pradesh. This location is strategically chosen to enhance the region's renewable energy infrastructure and contribute to India's overall clean energy goals.

Beneficiaries of the Project

The project will benefit NTPC Renewable Energy Limited as the awarding entity and Bondada Engineering Limited as the executing company. It also aligns with the broader objectives of promoting renewable energy in India.

Impact on Bondada Engineering's Portfolio

This contract expands Bondada's solar EPC order book to approximately 5.5 GWp and its BESS order book to about 1.1 GWh.

The strengthened order book enhances revenue visibility and provides a robust platform for growth.

Bondada Engineering Share Price Performance

As of June 16, 2026, at 1:23 PM, Bondada Engineering share price on BSE was trading at ₹339.90, up by 2.69% from the previous closing price.

Conclusion

Bondada Engineering Limited's receipt of a ₹1,338 crore EPC contract from NTPC Renewable Energy Limited adds a 250 MW solar project with a 50 MW/200 MWh BESS to its portfolio. This project, located in Sitapur, Uttar Pradesh, will be completed within 18 months, enhancing Bondada's solar EPC order book to 5.5 GWp and BESS order book to 1.1 GWh.

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Published on: Jun 16, 2026, 1:32 PM IST

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