Bondada Engineering has secured Letter of Award (LoA) worth around Rs 627 crore from AP TRANSCO (Transmission Corporation of Andhra Pradesh). The LoA is for development of a large-scale Standalone Battery Energy Storage System (BESS) project with a capacity of 225 MW / 450 MWh. The order establishes a long-term annuity-based revenue stream for the company, thereby enhancing revenue stability, cash flow visibility and return predictability. The order is to be executed within 18 months from receipt of LoA.
With the receipt of this order, the company’s cumulative BESS portfolio now stands at nearly around 1 GWh, positioning the company as a strong and credible player in India’s rapidly evolving energy storage ecosystem.
Bondada Engineering is engaged in the business of providing engineering, procurement and construction (EPC) services and operations and maintenance (O&M) services to its pan India customers operating in telecom and solar energy industry.
| Company Name | CMP |
|---|---|
| Vindhya Telelinks | 1376.60 |
| HFCL | 95.45 |
| Pace Digitek | 177.15 |
| Bondada Engineering | 359.85 |
| GTL Infrastructure | 1.26 |
| View more.. | |
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