Bondada Engineering Wins ₹627 Cr AP TRANSCO Energy Storage Deal

ENERGY
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AuthorAarav Shah|Published at:
Bondada Engineering Wins ₹627 Cr AP TRANSCO Energy Storage Deal
Overview

EPC firm Bondada Engineering secured a significant ₹627 crore order from AP TRANSCO for a 225 MW/450 MWh Battery Energy Storage System. The project, utilizing a Build-Own-Operate model, is set to establish a long-term annuity revenue stream, boosting financial stability and positioning Bondada as a key player in India's energy storage sector.

Major Order Boosts Bondada Engineering

EPC company Bondada Engineering announced it has received orders totaling ₹627 crore from the Transmission Corporation of Andhra Pradesh (AP TRANSCO). The contract is for establishing a 225 MW/450 MWh Battery Energy Storage System (BESS) project within the state.

Project Scope and Model

The letters of award, collectively worth ₹627,00,09,768, cover the development of a large-scale standalone Battery Energy Storage System. This significant project will be executed under the Build-Own-Operate (BOO) model, a public-private partnership framework that ensures long-term operational involvement.

Financial and Strategic Impact

Bondada Engineering anticipates the order will substantially enhance its financial standing. The company highlighted that this deal establishes a long-term annuity-based revenue stream, which will improve revenue stability, cash flow visibility, and return predictability. This strategic win is expected to contribute meaningfully to revenues post-construction.

Expanding BESS Portfolio

With this latest award, Bondada Engineering's cumulative BESS portfolio now approaches 1 GWh. The company stated this order solidifies its position as a strong contender in India's burgeoning energy storage ecosystem. The project aims to be executed within the 18-month timeline from the LOA receipt date of January 5, 2026.

Shareholder Value

The order is domestic in nature and involves no inter-related party transactions. Bondada Engineering expects the project's contribution to its financial books to enhance shareholder value and improve earnings visibility, reinforcing its growth trajectory in the critical energy infrastructure segment.

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