Bondada Engineering Limited has received a Notification of Award (NOA) from NTPC Renewable Energy Limited for the execution of Balance of System (BOS) works for a 600 MW Solar PV project at Fatehgarh in Rajasthan. The project order is valued at approximately ₹816 crore. The contract will be executed under the Engineering, Procurement and Construction (EPC) model and includes Operations and Maintenance (O&M) services for a period of three years. The project scope covers design, engineering, site development, manufacturing, supply, erection, installation, testing, and commissioning of the solar power infrastructure.
The latest order marks the company’s second major project from the NTPC Group, taking Bondada Engineering’s cumulative order inflow from NTPC entities to nearly ₹1,207 crore. With this addition, the company’s cumulative project capacity from NTPC Group orders is approaching 1 GW.
The company stated that the new order significantly strengthens its overall solar EPC portfolio, with its total Solar EPC order book now reaching approximately 5.3 GWp. The expanded order pipeline is expected to provide strong medium-term revenue visibility while further enhancing execution momentum across the renewable energy segment.
Bondada Engineering said the repeat business from NTPC Group reflects growing confidence in the company’s project execution capabilities, operational efficiency, and ability to deliver large-scale infrastructure projects within committed timelines. The project is scheduled for completion within 16 months from the receipt of the Notification of Award and is expected to contribute significantly to the company’s revenues and profitability during the execution phase.
The order announcement comes shortly after Bondada Group reported strong financial results for FY2025-26. The company posted total revenue of ₹2,843 crore for the financial year compared to ₹1,571 crore in FY2024-25, reflecting a year-on-year growth of 81 percent. Profit for FY2025-26 stood at ₹211 crore, supported by expanding operations across renewable energy, telecom, and railway infrastructure businesses.
Established in 2012, Bondada Engineering Limited has emerged as a major infrastructure player with operations spanning renewable energy, telecom infrastructure, and railways. Headquartered in Hyderabad, the company has expanded its footprint across multiple regions in India through EPC and O&M projects.
Over the past 14 years, the company has built capabilities in executing large-scale infrastructure assignments with a focus on cost efficiency, timely delivery, and customer-centric operations. Bondada Engineering also operates manufacturing facilities in Andhra Pradesh and Telangana supporting its engineering and project execution activities.
