Hyderabad, Dec 27: Bondada Engineering Limited has received Letter of Award from NTPC Green Energy Limited for Balance of System works for a 300 MW Solar project at Lalitpur, Uttar Pradesh. This order marks Bondada Engineering’s first engagement with NTPC Green Energy, further strengthening its presence among India’s leading renewable energy PSUs.
The contract, valued at INR 392 crore, covers end-to-end project execution under the EPC framework, including engineering, procurement, site development, installation, testing, and commissioning. Additionally, Bondada Engineering will provide Operations & Maintenance services for three years following project completion. The execution timeline is 15 months from the issuance of the Letter of Award.
This engagement represents Bondada Engineering’s first order from NTPC Green Energy, adding another marquee PSU client to its renewable energy portfolio. The project underscores the Company’s capability to deliver complex, large-capacity solar infrastructure projects while meeting stringent technical and delivery standards.
Dr. Bondada Raghavendra Rao, Chairman & Managing Director, Bondada Group, said;
“We are honored to receive this order from NTPC Green Energy, as it reflects the confidence placed in our capabilities to execute large-scale solar projects. This partnership is a testament to our team’s dedication and technical expertise in renewable energy infrastructure. We are committed to delivering this project with the highest standards of quality and efficiency. As India works towards meeting its ambitious green energy goals, we are proud to be at the forefront, delivering large-scale projects that contribute to sustainable development and energy security.”
He noted “This order significantly strengthens our EPC portfolio, reinforcing our position in utility-scale solar projects and contributing to strong double-digit growth visibility over the medium term Following this new order, Bondada Engineering’s total EPC order book now exceeds 3.3 GW, strengthening its medium-term growth pipeline and reaffirming its position as a leader in utility-scale renewable energy projects.The project is expected to contribute significantly to the company’s revenue growth during the execution phase and play a key role in supporting India’s ambitious renewable energy and decarbonization targets.
NTPC Green Energy Limited is a wholly owned subsidiary of NTPC Limited, focused on renewable energy. It develops large-scale solar and wind power projects across India and plays a key role in supporting India’s clean energy and net-zero goals.