Intimation of receipt of LoA from NTPC
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Awaiting price reaction for this filing.
Bondada Engineering has won a Letter of Award from NTPC Green Energy Limited (NGEL) for Balance of System (BOS) works on a 300 MW Solar PV Project at Lalitpur, to be executed on EPC basis along with 3 years of O&M services. The order is valued at approximately Rs. 391.38 crore (inclusive of GST) and is to be completed within 15 months from receipt of the LoA. This is the company's first order from NGEL and strengthens its relationship with marquee PSU clients. With this win, Bondada's total EPC order book now stands at approximately 3.3 GW.
The Rs. 391 crore order is a sizeable addition to the order book and should provide meaningful revenue and earnings visibility over the next 4-5 quarters; winning from a top-tier PSU like NTPC Green Energy also validates execution capability and could support sentiment on the stock.