Bondada Engineering touches roof on securing LoA from Tamil Nadu Green Energy Corporation

The initiative is aimed at boosting grid stability, integrating renewable energy, and managing peak power demand accelerating Tamil Nadu’s clean energy transition

Bondada Engineering is locked at its upper circuit limit of Rs. 466.30, up by 22.20 points or 5.00% from its previous closing of Rs. 444.10 on the BSE.

The scrip opened at Rs. 456.00 and has touched a high and low of Rs. 466.30 and Rs. 454.00 respectively. So far 194000 shares were traded on the counter.

The BSE group 'MT' stock of face value Rs. 2 has touched a 52 week high of Rs. 753.98 on 28-Aug-2024 and a 52 week low of Rs. 330.00 on 04-Mar-2025.

Last one week high and low of the scrip stood at Rs. 466.30 and Rs. 415.05 respectively. The current market cap of the company is Rs. 5203.60 crore.

The promoters holding in the company stood at 63.34%, while Institutions and Non-Institutions held 1.28% and 35.38% respectively.

Bondada Engineering has secured Letter of Award (LoA) from M/s. Tamil Nadu Green Energy Corporation (TNGECL) for setting up of Battery Energy Storage Systems (BESS). The project will deploy standalone grid-scale BESS facilities with a total capacity of 400 MWh at key locations - Vellalaviduthi and Thennampatty in Tamil Nadu State. The initiative is aimed at boosting grid stability, integrating renewable energy, and managing peak power demand accelerating Tamil Nadu’s clean energy transition.

The project will be executed under the build-own-operate (BOO) model, with Bondada Group emerging as the successful bidder through a competitive tendering process conducted by TNGECL.  This is highest storage capacity order in the history of the Company in BESS business line marking a significant step towards creating bigger battery energy storage systems as a part of Company’s vision to reach 10GW capacity in green space by 2030.

Bondada Engineering 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.