EPC company, Bondada Engineering has received orders worth Rs 627 crore from the Transmission Corporation of Andhra Pradesh (AP TRANSCO) for setting up a battery energy storage project of 225 MW/450 MWh in the state, the company said in its regulatory filing.
Bondada Engineering: Order details
The company added that it has received letters of award worth Rs 627,00,09,768 (Rupees Six Hundred and Twenty-Seven Crore Nine Thousand Seven Hundred and Sixty-Eight Only) from AP TRANSCO for the development of a large-scale standalone Battery Energy Storage System (BESS) project.
Under the scope of work, the company will set up a 225 MW/450 MWh standalone battery energy storage project for AP TRANSCO. This project will be executed under the build-own-operate (BOO) model, which is a public-private partnership model.
Further, Bondada added that the order will considerably enhance the company’s financials. “This order is strategically significant for the Company as it establishes a long-term annuity-based revenue stream, thereby enhancing revenue stability, cash flow visibility and return predictability,” it added.
Order win expands company’s BESS portfolio
As per the company’s regulatory filing, with this order win, the company’s cumulative BESS portfolio now stands at nearly 1 GWh. Further, it added that this order win will help establish Bondada Engineering as a strong player in India’s energy storage ecosystem.
“The project is expected to be executed within the stipulated timeline and will contribute meaningfully to revenues post the construction phase, while generating stable, long-term annuity income, thereby enhancing shareholder value and earnings visibility,” the company said in its official statement.
The order will be executed within a timeframe of 18 months from the receipt of the LOA, which is January 5, 2026. The company added that the order is domestic in nature and that no inter-related party transactions are involved. Further, the order has been disclosed in compliance with the applicable provisions of the SEBI (LODR) Regulations, 2015.
The company added that the order win is also likely to enhance shareholder value and earnings visibility, as it will contribute meaningfully to the company’s financial book.
Bondada Engineering: Share price
Following the order win, the company’s share price was up nearly 2%. Over the past one month, the company’s stock has delivered a return of over 3%.