Bondada Engineering Limited has announced that it has secured an engineering, procurement, and construction order valued at INR 391 crore from NTPC Green Energy Limited for a 300 MW solar photovoltaic project at Lalitpur. This contract marks Bondada Engineering's first EPC order from NTPC Green Energy Limited, representing a significant milestone in the company's renewable energy portfolio.

Project Details and Timeline

The order includes the balance-of-system works for the solar project and is scheduled for completion within 15 months, as per the company's disclosure. The scope of work covers project execution under the EPC mode along with operations and maintenance services for a period of three years.

Bondada Engineering will be responsible for end-to-end project execution, including design, engineering, site development, manufacturing coordination, inspection at supplier facilities, supply, and insurance. The company will also handle transportation, storage, erection, installation, and testing activities related to the solar power project to ensure timely commissioning.

Impact on Order Book

Following this order, Bondada Engineering's total EPC order book stands at around 3.3 GW, reflecting strong execution visibility in the solar power segment. The latest order win comes shortly after Bondada Engineering secured another major contract worth INR 945.1 crore from NLC India Limited.

Recent Major Contracts

The NLC India order involves the balance-of-system works for setting up an 810 MW solar power project at the RVUNL Solar Park in Bikaner, Rajasthan. The cumulative value of the recent large orders is significant, with the NLC India contract alone accounting for nearly one-fifth of Bondada Engineering's overall market capitalization of over INR 4,000 crore.

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