Letter of Intent
Price
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Bondada Engineering's subsidiary, Bondada E&E Private Limited, has received a Letter of Intent from the Greater Hyderabad Municipal Corporation (GHMC) for supplying LED street lights and flood lights under the GHMC LED Street Lighting Implementation Project. The company also received an order for 60W solar street lights through Bhagyasree Industries for the Roads & Buildings Department in Telangana. The combined order value is approximately Rs. 2.33 crore, to be executed within 30 days. The company highlights that this follows approval of its products under the Standard Schedule of Rates (SSR) in Telangana, marking its first breakthrough in the state and positioning its products in the premium category.
This is a positive development as the company enters the Telangana government market for the first time, potentially opening doors to follow-up orders from GHMC and other state departments. The order size is relatively small, so the immediate revenue impact is modest, but the strategic significance of breaking into a new state market is meaningful for future growth.