Intimation of receipt of Letter of Award for 100MWAC Solar EPC with land package from MAHAGENCO.
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Awaiting price reaction for this filing.
Bondada Engineering Ltd, as the lead member of a consortium, has received a Letter of Award from Maharashtra State Power Generation Company Limited (MAHAGENCO), a state government entity, for a 100 MWAC ground-mounted Solar PV Power Plant EPC project in Beed, Maharashtra. The order is valued at Rs. 465 Crore inclusive of all taxes and covers land identification, acquisition and transfer, full EPC work, power evacuation, and 3 years of operation & maintenance. The project is to be executed within 450 days from acceptance of the LoA. This is a domestic order with no related-party interest from promoters or group companies. The company states this strengthens its position in the large-scale renewable energy EPC segment.
This is a sizeable order (Rs. 465 Cr) from a government-owned counterparty, likely representing a significant share of Bondada's annual revenue and providing strong revenue visibility over the next 12-18 months. Positive for the stock as it validates the company's capability to win and execute large solar EPC contracts, though execution and working capital risks remain.