Suratwwala Business Group Limited has informed the Exchange about Bagging/Receiving of orders/contracts by M/S BONDADA ENGINEERING LIMITED
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Suratwwala Business Group's subsidiary, Suratwwala Natural Energy Resource Private Limited, has secured a 15 MW AC EPC (Engineering, Procurement, Construction) order from Bondada Engineering Limited. The order, valued at Rs. 19 crores (exclusive of GST), is for designing, engineering, supply, erection, testing and commissioning of a ground-mounted solar PV power plant under the MSKVY 2.0 scheme in Maharashtra. This brings the subsidiary's cumulative capacity with Bondada to 45 MWAC. The contract has a timeline of 12 months and requires 5% performance and bank guarantees each. The company confirmed no related party involvement in this transaction.
This is a positive development as it increases the subsidiary's order book and validates its solar EPC capabilities under government schemes. The order value of Rs. 19 crores represents new business flow, though the percentage of total company revenue cannot be determined from this filing alone.