Bondada's Massive Green Energy Deal
Bondada Engineering Secures Major ₹1,338-Crore Solar-Storage Contract from NTPC REL
Key Points
Bondada said the award is under an EPC model and that it will be responsible for developing both the 250MW solar PV plant and the 50MW/200MWh battery energy storage system (BESS) at Sitapur, Uttar Pradesh, with completion targeted within 18 months of receiving the NOA.
Chairman and Managing Director Dr. Bondada Raghavendra Rao said the order “is a testament to our team's engineering excellence, execution capabilities and unwavering commitment to supporting India's clean energy ambitions,” adding that the project “further strengthens our position in the rapidly evolving energy transition ecosystem” as renewables increasingly integrate with advanced storage solutions.
Multiple reports characterize this win as one of Bondada’s largest renewables orders/contracts to date—i.e., a major milestone for its EPC business in the solar-plus-storage segment.
Bondada stated the order aligns with its broader strategy to expand its role beyond solar EPC and into adjacent areas including power systems, telecom, and transportation infrastructure.
Bondada Engineering Limited has won a ₹1,338-crore EPC contract from NTPC Renewable Energy Ltd, one of its largest orders to date Manufacturing Today India. The deal covers a 250 MW solar power plant paired with a 50 MW/200 MWh battery energy storage system in Sitapur, Uttar Pradesh, with completion targeted within 18 months Solar Quarter.
Following the award, Bondada's solar EPC order book climbed to roughly 5.5 GWp. Its battery storage order book hit about 1.1 GWh News on Projects. The company said the project will contribute meaningfully to future revenues and shareholder value.
A Milestone Win for Bondada's Solar-Plus-Storage Push
NTPC Renewable Energy Ltd issued the Notification of Award in October 2024 after Bondada emerged as the lowest bidder Investment Guru India. The contract value of ₹1,338 crore includes GST. Multiple reports describe it as one of Bondada's biggest renewable energy contracts ever.
Under the EPC model, Bondada handles all engineering, procurement, and construction. That means it builds both the solar farm and the battery system from the ground up. Chairman Dr. Bondada Raghavendra Rao called the award "a testament to our team's engineering excellence, execution capabilities and unwavering commitment to supporting India's clean energy ambitions" Manufacturing Today India.
Why Battery Storage Makes This Project Stand Out
The 50 MW/200 MWh battery system is the deal's most technically significant piece. It stores solar energy during daylight and releases it for up to four hours after sunset. This helps NTPC deliver more stable, round-the-clock clean power to the regional grid Solar Quarter.
India's Ministry of Power has pushed for solar projects co-located with storage to fix grid reliability problems. Sitapur and nearby districts face frequent voltage swings. The battery system will help smooth those out by absorbing excess power and filling in during peak demand hours News on Projects.
Order Book Surge Signals Rapid Growth in Renewables
Before this win, Bondada was best known for telecom tower infrastructure. The company has since pivoted hard into solar EPC. This contract pushes it into utility-scale territory, competing with much larger construction firms Manufacturing Today India.
Dr. Rao said the win "further strengthens our position in the rapidly evolving energy transition ecosystem." The company says this project fits a broader strategy to grow beyond solar into power systems, telecom, and transportation infrastructure Investment Guru India.
18-Month Deadline Puts Execution in the Spotlight
The 18-month completion window is tight. The project must be fully built and grid-connected, covering both the 250 MW solar farm and the battery system. Any delay could trigger financial penalties under the contract with NTPC REL Solar Quarter.
Bondada's shares hit consecutive daily price limits after the announcement, reflecting strong investor confidence Investment Guru India. But the real test comes on the ground in Sitapur. A successful delivery would firmly place Bondada among India's top renewable EPC contractors and open doors to larger storage projects at home and abroad.
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