Receipt of LOI.
Price
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Bondada Engineering's subsidiary, Bondada E&E Private Limited (Beelite), has received a Letter of Intent worth Rs. 63.87 crores (including GST) from the Panchayati Raj Department, Government of Bihar. The order is for Phase-IV of the Mukhyamantri Gramin Solar Street Light Yojana, involving installation of 20,510 solar street lights across three districts: Bhojpur (9,150), Gopalganj (7,850), and Rohtas (3,510). The project must be executed within 90 days of receiving the work order. The order is a domestic government contract with no related party involvement. The company expects this to strengthen its presence in the renewable energy and rural electrification segment.
This Rs. 63.87 crore government order adds meaningful revenue visibility and reinforces Bondada's foothold in the solar infrastructure space, which should be viewed positively by investors tracking the company's order book growth.