Latest news with #BondadaEngineering
Mint
24-06-2025
- Business
- Mint
Multibagger small-cap stock hits 5% upper circuit on ₹836 crore green energy order win
Stock Market Today: Multibagger small-cap stock hits 5% upper circuit on ₹ 836 crore order win. Check details about mega order win by Bondada Engineering Limited Bondada Engineering on Tuesday, 24 June 2025, announced having won a large green energy storage order worth ₹ 836 crore. Bondada Engineering, in its release on the BSE, or Bombay Stock Exchange, announced receipt of a letter of award from Tamil Nadu Green Energy Corporation Limited. As per the release, Bondada Engineering Limited has obtained a Letter of Authorization (LOA) from M/s. Tamil Nadu Green Energy Corporation Limited (TNGECL) to establish Battery Energy Storage Systems (BESS). Bondada Engineering highlighted that this is the highest storage capacity order in the history of the company in BESS business line, marking a significant step towards creating bigger battery energy storage systems as a part of the company's vision to reach 10 GW capacity in green space by 2030. The project would install 400 MWh of standalone grid-scale BESS facilities at two strategic locations in Tamil Nadu State, i.e., at Vellalaviduthi and at Thennampatty. As per Bondada Engineering, Tamil Nadu's clean energy transition will be accelerated by the program, which aims to manage peak power demand, integrate renewable energy, and improve grid stability. After TNGECL held a competitive tendering procedure, Bondada Group emerged as the successful bidder, and the project will be carried out under the build-own-operate (BOO) model. 'This project marks a key milestone for Bondada Group in the energy storage segment and reflects our strong commitment to advancing India's clean energy ecosystem,' as per Bondada Engineering. The broad consideration for this order from Tamil Nadu Green Energy Corporation Limited shall be Rs. 8,36,00,64,000/- (Rupees Eight Hundred Thirty Six Crore Sixty Four Thousand Only) (including GST) over a period of 12 years. The time period in which the order is to be executed stands at 18 months from the execution of the Battery Energy Storage Purchase Agreement. Bondada Engineering share price opened at ₹ 456 on the BSE on Tuesday and at the time of opening was higher compared to the previous day's closing price of ₹ 444.10 for Bondada Engineering share price. The Bondada Engineering share price thereafter rose to an intraday high of ₹ 466.30, which translated into gains of 5%. The upper price band for Bondada Engineering share price also stands at 5%; the stock was locked in the upper circuit. Bondada Engineering share price, which has gained 1322% in last 5 years, has given multibagger returns to the investors.
Business Standard
24-06-2025
- Business
- Business Standard
Bondada Engg spurts on securing Rs 836 crore battery storage order from TNGECL
Bondada Engineering hit an upper limit of 5% at Rs 466.30 after the company secured a Letter of Award from Tamil Nadu Green Energy Corporation (TNGECL) for a 400 MWh Battery Energy Storage Systems (BESS) project in Vellalaviduthi and Thennampatty. Valued at Rs 836 crore, the project is the largest BESS order in Bondada's history and will be executed under the Build-Own-Operate (BOO) model. The facilities will provide two full cycles of charging and discharging per day, aimed at improving grid stability, managing peak power demand, and facilitating renewable energy integration in the state. The company expects the project to be completed within 18 months from the execution of the energy storage purchase agreement. Revenues from the order will be recognized over a 12-year period. Bondada emerged as the winning bidder through a tariff-based competitive bidding process conducted by TNGECL, supported by the Viability Gap Funding (VGF) mechanism under the state component. The project aligns with the National Framework for Energy Storage Systems (NFESS), 2023, and Tamil Nadu's goal to achieve 50% renewable energy by 2030. The company said this strategic win is a key step toward its goal of achieving 10 GW of capacity in the green energy space by 2030. Bondada Engineering provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom, renewable energy and Indian railways. On a consolidated basis, the company's consolidated net profit surged 150.12% to Rs 111.88 crore on a 96.25% jump in revenue from operations to Rs 1,571.38 crore in FY25 over FY24.
Business Standard
24-06-2025
- Business
- Business Standard
Bondada Engineering secures 400 MWh BESS project from TNGECL
Bondada Engineering has secured LOA from Tamil Nadu Green Energy Corporation (TNGECL) for setting up of Battery Energy Storage Systems (BESS) as per the details given below. "We are delighted to inform that this is highest storage capacity order in the history of the Company in BESS business line marking a significant step towards creating bigger battery energy storage systems as a part of Company's vision to reach 10GW capacity in green space by 2030", added the company. The project will deploy standalone grid-scale BESS facilities with a total capacity of 400 MWh at key locations Vellalaviduthi and Thennampatty in Tamil Nadu State. The initiative is aimed at boosting grid stability, integrating renewable energy, and managing peak power demand accelerating Tamil Nadu's clean energy transition. The project will be executed under the build-own-operate (BOO) model, with Bondada Group emerging as the successful bidder through a competitive tendering process conducted by TNGECL.
Mint
24-06-2025
- Business
- Mint
Multibagger small-cap stock hits 5% upper circuit on ₹836 crore green energy order win
Stock Market Today: Multibagger small-cap stock hits 5% upper circuit on ₹ 836 crore order win. Check details about mega order win by Bondada Engineering Limited Bondada Engineering on Tuesday, 24 June 2025, announced having won a large green energy storage order worth ₹ 836 crore. Bondada Engineering, in its release on the BSE, or Bombay Stock Exchange, announced receipt of a letter of award from Tamil Nadu Green Energy Corporation Limited. As per the release, Bondada Engineering Limited has obtained a Letter of Authorization (LOA) from M/s. Tamil Nadu Green Energy Corporation Limited (TNGECL) to establish Battery Energy Storage Systems (BESS). Bondada Engineering highlighted that this is the highest storage capacity order in the history of the company in BESS business line, marking a significant step towards creating bigger battery energy storage systems as a part of the company's vision to reach 10 GW capacity in green space by 2030. The project would install 400 MWh of standalone grid-scale BESS facilities at two strategic locations in Tamil Nadu State, i.e., at Vellalaviduthi and at Thennampatty. As per Bondada Engineering, Tamil Nadu's clean energy transition will be accelerated by the program, which aims to manage peak power demand, integrate renewable energy, and improve grid stability. After TNGECL held a competitive tendering procedure, Bondada Group emerged as the successful bidder, and the project will be carried out under the build-own-operate (BOO) model. 'This project marks a key milestone for Bondada Group in the energy storage segment and reflects our strong commitment to advancing India's clean energy ecosystem,' as per Bondada Engineering. The broad consideration for this order from Tamil Nadu Green Energy Corporation Limited shall be Rs. 8,36,00,64,000/- (Rupees Eight Hundred Thirty Six Crore Sixty Four Thousand Only) (including GST) over a period of 12 years. The time period in which the order is to be executed stands at 18 months from the execution of the Battery Energy Storage Purchase Agreement. Bondada Engineering share price opened at ₹ 456 on the BSE on Tuesday and at the time of opening was higher compared to the previous day's closing price of ₹ 444.10 for Bondada Engineering share price. The Bondada Engineering share price thereafter rose to an intraday high of ₹ 466.30, which translated into gains of 5%. The upper price band for Bondada Engineering share price also stands at 5%; the stock was locked in the upper circuit. Bondada Engineering share price, which has gained 1322% in last 5 years, has given multibagger returns to the investors. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
27-05-2025
- Business
- Business Standard
Bondada Engineering secures Rs 204 cr LoA from TGGENCO
Bondada Engineering has secured LOA from Telangana Power Generation Corporation (TGGENCO) for setting up of 100 MWh (50MW x 2 hrs) Battery Energy Storage Systems in Telangana for 'on demand' usage under Tariff-based Global Competitive Bidding with Viability Gap Funding (VGF) under Build Own Operate at Shankarpally, Telangana near 400/220KV substation of TGTRANSCO. The value of the order is Rs 204.20 crore. Powered by Capital Market - Live News
