Bondada Bags ₹1,338-Crore NTPC Renewable Energy Contract in UP

Bondada Bags ₹1,338-Crore NTPC Renewable Energy Contract in UP Photograph: (Archive)

Bondada Engineering Ltd has secured a ₹1,338-crore engineering, procurement and construction (EPC) contract from NTPC Renewable Energy Ltd (NTPC REL) for a 250 MW solar photovoltaic project integrated with a 50 MW/200 MWh battery energy storage system (BESS) in Uttar Pradesh.

The project, located in Sitapur district, is scheduled for execution within 18 months and marks one of the company's largest renewable energy wins to date.

With the latest order, Bondada's solar EPC order book has expanded to around 5.5 GWp, while its battery energy storage portfolio has grown to approximately 1.1 GWh, strengthening revenue visibility and reinforcing its position in the fast-growing solar-plus-storage segment.

The project is part of NTPC REL's efforts to scale utility-scale renewable energy capacity while integrating storage systems to improve grid reliability and enable greater renewable energy penetration. Commenting on the development, Dr Bondada Raghavendra Rao, Chairman and Managing Director of Bondada Group, said the order reflects growing confidence in the company's project execution capabilities.

"We are delighted to receive this significant order from NTPC Renewable Energy Limited. The award is a testament to our team's engineering excellence, execution capabilities and unwavering commitment to supporting India's clean energy ambitions," Rao said.

He added that as renewable energy deployment increasingly integrates with storage technologies, the project would further strengthen the company's position in the evolving energy transition ecosystem. "As renewable energy increasingly integrates with advanced energy storage solutions, this project further strengthens our position in the rapidly evolving energy transition ecosystem," he said.

The order comes at a time when solar-plus-storage projects are gaining momentum in India as developers and utilities seek to improve renewable energy dispatchability and support round-the-clock power supply.

Bondada said the contract is expected to contribute significantly to future revenues and profitability while enhancing its credentials across both solar EPC and battery energy storage segments.

The Hyderabad-based infrastructure company operates across renewable energy, telecom and railway sectors and has been expanding its presence in utility-scale renewable energy projects amid rising investments in solar generation and energy storage infrastructure.