Insolation Energy Subsidiary Signs Solar Module Supply MoU with Bondada Engineering

Insolation Energy Limited has announced that its wholly owned subsidiary, Insolation Green Energy Private Limited, has signed a Memorandum of Understanding with Bondada Engineering Limited. 

The agreement relates to the supply of solar modules under the Approved List of Models and Manufacturers, covering both ALMM-I and ALMM-II categories in line with the Make in India initiative.

Purpose and Tenure of the Agreement

The MoU has been executed for the calendar period beginning January 2027 and ending December 2028. Under this arrangement, Insolation Green Energy will act as a priority supplier of solar modules to Bondada Engineering for its upcoming solar power projects across India. 

The understanding has been signed in anticipation of the implementation of ALMM-II, which is expected to strengthen domestic manufacturing and secure supply chains.

Key Terms of the Understanding

As per the disclosure, there is no equity shareholding between the two parties. The agreement focuses solely on the supply of domestically manufactured solar cells and modules in compliance with ALMM guidelines. 

No special rights such as appointment of directors, first right to share subscription or restrictions on capital structure have been granted under the MoU.

Boost to Domestic Solar Manufacturing

The partnership is aligned with the government’s emphasis on local production of renewable energy equipment. By positioning Insolation Green Energy as a preferred supplier, the agreement provides revenue visibility for the company and supports Bondada Engineering in sourcing compliant modules for its projects. 

The arrangement is expected to strengthen the domestic solar ecosystem and reduce dependence on imports.

Strategic Importance

Bondada Engineering is actively expanding its presence in the renewable energy space, while Insolation Energy has been scaling up its module manufacturing capacity. The collaboration is expected to create long-term synergies, enabling timely execution of solar projects and adherence to evolving regulatory norms under ALMM.

Bondada Engineering Share Price Performance

On January 16, 2026, Bondada Engineering share price opened at ₹326.80, touching the day’s high at ₹327.95, as of 10:54 AM on the NSE.

Also Read: Bondada Engineering Commissioned 120.46 MWp Solar Projects!

Conclusion

The MoU between Insolation Green Energy and Bondada Engineering marks a significant step toward strengthening India’s domestic solar supply chain. With a two-year supply window under ALMM norms, the partnership offers growth opportunities for both companies and supports the broader national objective of Make in India in the renewable energy sector.

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