Shares of Bondada Engineering Ltd rose 5 percent on Tuesday after the company secured a major order from NTPC Renewable Energy Limited for a solar power and battery energy storage project in Uttar Pradesh.
The stock climbed to an intraday high of ₹346.90 and was trading at ₹343.85, compared with its previous close of ₹331. The company has a market capitalization of approximately ₹3,839 crore.
₹1,338 crore order from NTPC Renewable Energy
Bondada Engineering said it has received a Notification of Award (NOA) from NTPC Renewable Energy for the Engineering, Procurement and Construction (EPC) package of a project comprising:
- 250 MW Solar PV capacity
- 50 MW/200 MWh Battery Energy Storage System (BESS)
The project is located in Sitapur, Uttar Pradesh and carries a contract value of around ₹1,338 crore, including GST.
Execution of the project is scheduled to be completed within 18 months from the receipt of the award.
The company said the contract reflects the confidence placed in its engineering and project execution capabilities by one of India’s leading public-sector renewable energy companies.
Order book expands
Following the latest award, Bondada Engineering’s:
- Solar EPC order book has increased to around 5.5 GWp
- Battery Energy Storage System (BESS) order book has risen to approximately 1.1 GWh
The company said the stronger order pipeline is expected to improve revenue visibility and support future growth and profitability.
Bondada also stated that:
- The order is a domestic contract.
- It does not involve any related-party transactions.
- Neither the promoters nor promoter group entities have any interest in the awarding company.
Financial performance
Bondada Engineering reported strong growth in the fourth quarter of FY26.
- Revenue increased 28 percent year-on-year to ₹914 crore, compared with ₹714 crore in Q4 FY25.
- EBITDA rose 18 percent to ₹96.2 crore from ₹81.7 crore.
- Net profit grew 13 percent to ₹62.9 crore, against ₹55.5 crore a year earlier.
- Earnings per share improved to ₹5.30 from ₹4.83.
Company profile
Bondada Engineering Ltd provides engineering, procurement and construction services and operations and maintenance solutions across the telecom, solar energy and power infrastructure sectors.
Its businesses include:
- Telecom tower construction
- Solar EPC projects
- Operations and maintenance services
- Infrastructure development
TL;DR:
Bondada Engineering shares gained 5% after securing a ₹1,338 crore EPC contract from NTPC Renewable Energy for a 250 MW solar project with a 50 MW/200 MWh battery storage system in Uttar Pradesh. The order expands the company’s solar and BESS pipeline and strengthens long-term revenue visibility.
AI Summary:
- Bondada Engineering won a ₹1,338 crore order from NTPC Renewable Energy.
- The project includes 250 MW of solar capacity and a 50 MW/200 MWh BESS.
- The project will be executed over 18 months.
- Solar EPC order book has reached 5.5 GWp.
- Q4 FY26 revenue and profit recorded double-digit growth.
