Announced Mon, 27 Jul · 13:46 IST
Acquired majority stake in Onix IPP for 225MW solar project in Maharashtra
Price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹306.10
prior close
₹308.30
base price
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AI summary
Bondada Engineering has acquired a 60% controlling stake in Onix IPP Private Limited, a special purpose vehicle for a 225 MW (AC) solar power project in Maharashtra under the PM-KUSUM scheme. The project has a 25-year PPA with MSEDCL, generating an estimated annual revenue of about INR 150.48 crore. All approvals are in place and the deal is completed. This moves BEL into renewable energy asset ownership.
Likely market impact
Adds 225 MW solar portfolio with long-term PPA and predictable annuity income, strengthening BEL's renewable energy footprint.