Bondada Engineering Limited (BEL) has received a Letter of Award (LoA) from NTPC Green Energy Limited (NGEL) for Balance of System (BoS) works for a 300 MW solar power project at Lalitpur, Uttar Pradesh. This marks Bondada Engineering’s first project with NTPC Green Energy and expands the company’s engagement with public sector renewable energy developers.
The contract, valued at ₹392 crore, includes engineering, procurement, site preparation, installation, testing, and commissioning of the project under an EPC framework. The scope also covers operations and maintenance services for three years following commissioning. The project is scheduled for completion within 15 months from the date of the LoA.
This order adds NTPC Green Energy to Bondada Engineering’s portfolio of PSU clients and reflects the company’s capability to execute large-scale solar projects within defined technical and delivery requirements.
Commenting on the development, Dr. Bondada Raghavendra Rao, Chairman and Managing Director, Bondada Group, said,“This order from NTPC Green Energy reflects the confidence placed in our execution capabilities for utility-scale solar projects. Our teams bring strong technical depth and project management discipline, which will be applied to deliver this project within the agreed timelines and quality standards. The project also strengthens our EPC order book and provides clear revenue visibility over the medium term.”
Following this award, Bondada Engineering’s total EPC order book exceeds 3.3 GW, supporting sustained growth across renewable energy projects. The Lalitpur solar project is expected to contribute meaningfully to the company’s revenues during the execution period and aligns with India’s renewable energy expansion and decarbonisation objectives.
NTPC Green Energy Limited, a wholly owned subsidiary of NTPC Limited, develops utility-scale solar and wind projects across India and plays a central role in advancing the country’s clean energy and net-zero targets.
Bondada Engineering Limited (BSE: 543971), established in 2012, operates across renewable energy, telecom, and railway infrastructure segments. Headquartered in Hyderabad, the company delivers EPC and O&M services across India, supported by manufacturing facilities in Andhra Pradesh and Telangana. Bondada Engineering has built a track record of executing large-scale infrastructure projects with a focus on timely delivery, cost control, and operational reliability.
