Intimation of receipt of LoA from APTRANSCO for BESS
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.
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.