Bondada Engineering Ltd Share Price – BSE

Infrastructure Developers & Operators, Small Cap

Bondada Engineering has received a Notification of Award (NOA) from NTPC Renewable Energy (NTPC REL) for the engineering, procurement and construction (EPC) Package for the development of a 100 MWh Vanadium Redox Flow Battery Energy Storage System (VRFB BESS) at Khavda Solar Park, Gujarat., with Delectrik Systems as technology partner.

The project is strategically significant as it involves Vanadium Redox Flow Battery (VRFB) technology, a next-generation energy storage solution that offers several advantages over conventional Lithium Iron Phosphate (LFP) battery systems. While LFP batteries are largely dependent on imported cells and typically have an operational life of 12-15 years, VRFB technology offers a significantly longer service life of over 25 years, with high intrinsic safety, stable performance under frequent cycling with near zero degradation and reduced operational expenditure. Furthermore, India possesses domestic vanadium resources, and VRFB technology reduces long-term import dependence and aligns with the Government's vision of strengthening indigenous energy security.

With this landmark order, Bondada Engineering has secured India's first and largest grid scale Vanadium Redox Flow Battery (VRFB) BESS project, demonstrating its ability to adopt and execute energy storage projects involving advanced Long Duration Energy Storage (LDES) technologies.

Bondada Engineering has received a purchase order worth Rs 10.44 crore from Veremax Technologie Services for the supply of BSNL 40-Meter Telecom Towers, Foundation Bolts and Templates for various locations across South India.

The order will be executed through the Company's manufacturing subsidiary, Bondada Green Engineering, which is equipped with state-of-the-art tower manufacturing facilities and continues to strengthen Bondada Group's presence in the telecom infrastructure segment.

The order involves the supply of BSNL 40-metre towers, foundation bolts and templates. The contract is scheduled to be executed within three months.

The company said the order strengthens Bondada Group's presence in the telecom infrastructure segment and underscores customers' confidence in its engineering, manufacturing and execution capabilities. Bondada Green Engineering operates advanced tower manufacturing facilities catering to the telecom sector.

Bondada Engineering clarified that the order has been awarded by a domestic entity and is not a related-party transaction. The company also said neither its promoters nor promoter group entities have any interest in the customer, Veremax Technologie Services.

Bondada Engineering provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry.

Bondada Engineering?s consolidated net profit rose 13.3% to Rs 62.88 crore in Q4 FY26 as against Rs 55.51 crore in Q4 FY25. Revenue from operations jumped 27.9% year on year (YoY) to Rs 913.85 crore in Q4 FY26.

The scrip shed 0.33% to Rs 291.10 on the BSE.

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The contract involves the engineering, procurement, and construction (EPC) of a 250 MW solar photovoltaic (PV) project along with a 50 MW/200 MWh battery energy storage system (BESS) at Sitapur in Uttar Pradesh. The project is scheduled to be completed within 18 months from the receipt of the NOA.

The company said the award from one of India?s leading public sector renewable energy companies highlights Bondada Engineering?s growing position as a trusted partner in the country?s clean energy transition. It added that the order reflects NTPC Renewable Energy?s confidence in the company?s engineering expertise, execution capabilities, and track record in delivering large-scale renewable energy infrastructure projects.

Following the award, Bondada Engineering?s solar EPC order book has expanded to approximately 5.5 GWp, while its BESS order book has increased to around 1.1 GWh. The company stated that the strengthened order pipeline enhances revenue visibility, supports execution momentum, and provides a strong foundation for sustainable long-term growth. The project is expected to contribute significantly to the company?s future revenue stream, profitability, and shareholder value creation.

The company clarified that the contract does not constitute a related-party transaction and that neither its promoters nor promoter group entities have any interest in the award.

Bondada Engineering provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry.

Bondada Engineering?s consolidated net profit rose 13.3% to Rs 62.88 crore in Q4 FY26 as against Rs 55.51 crore in Q4 FY25. Revenue from operations jumped 27.9% year on year (YoY) to Rs 913.85 crore in Q4 FY26.

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