Announced Mon, 20 Jul · 12:00 IST
Bondada Engineering wins 100 MWh VRFB battery storage order from NTPC REL
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+9.1%1-day move
₹290.00
prior close
₹290.00
base price
In-mkt
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+0.9+1.3+1.6+1.4+9.1+6.7+5.5+5.6+4.8—————
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AI summary
Bondada Engineering received a Notification of Award from NTPC Renewable Energy for an EPC package to build a 100 MWh Vanadium Redox Flow Battery Energy Storage System at Khavda Solar Park, Gujarat, including 10 years of O&M. Completion timeline is 10 months. Delectrik Systems is the technology partner. The company claims this is India's first and largest grid-scale VRFB BESS project. Order value was not disclosed.
Likely market impact
Strengthens Bondada's position in India's fast-growing battery energy storage sector and marks entry into advanced vanadium flow battery technology. Positive for growth visibility.