Intimation of receipt of LoA from APTRANSCO for BESS

Order Above 5pct RevenueGovt Defence OrderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹370.50

prior close

₹375.70

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-0.9% vs market

Telecom - Infrastructure peers, median of 5sector-0.7%-0.0% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and in line with its Telecom - Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Telecom - Infrastructure peers, median of 5Pending

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AI summary

Bondada Engineering has received a Letter of Award from APTRANSCO (Transmission Corporation of Andhra Pradesh) to set up a 225 MW / 450 MWh standalone Battery Energy Storage System at Hindupur, Anantapur district, on a Build-Own-Operate (BOO) basis. The order is valued at approximately Rs. 627 crore and is to be executed within 18 months. The company says this brings its cumulative BESS portfolio to nearly 1 GWh, positioning it as a credible player in India's energy storage space. APTRANSCO is a domestic state government entity, and the BOO model is expected to provide long-term annuity-based revenue and cash flow visibility. No related party interest is involved.

Likely market impact

This is a material, large-value government order that strengthens the company's order book and adds a long-term annuity income stream, which is positive for revenue visibility and shareholder value. Investors should watch for execution progress within the 18-month timeline and any further BESS order wins.