Bondada Bags EPC Order For 810 MW RVUNL Solar Park From NIRL, Order Book Rises to 3 GW

Bondada Engineering has secured an EPC order from NLC India Renewables Limited, on behalf of NLC India Limited, for a solar park project. In a regulatory filing, Bondada said it had secured an order worth Rs 9.45 crore for Balance of System (BOS) works for setting up 810 MW solar projects at the RVUNL Solar Park in Bikaner, Rajasthan, and also undertake EPC with operations and maintenance (O&M) for a three years.

Bondada Engineering is expected to execute the order within 15 months from the receipt of the Letter of Award (LOA), taking the company’s total EPC orders in hand to 3 GW and strengthening its medium-term growth pipeline.

Scope of Work

Under the scope of work, Bondada Engineering will be responsible for the designing, engineering, manufacturing, installation, testing, and commissioning of the 810 MW solar power project (SPP). The company will also undertake the evacuation system up to the delivery point, i.e., the 33 kV side of the 33/400 kV park pooling substation (PSS).

Bondada Engineering Steadily Expands Solar Orders

Bondada Engineering, which began its operations in 2012 with telecom infrastructure services, later entered the solar EPC segment by initially working with private developers. 10 years later, by 2022, it had built strong credentials in the solar EPC space, which subsequently enabled Bondada to begin bidding for public sector projects.

Currently, the company has commissioned around 1 GW of solar capacity, while nearly 2.5 GW is under execution. This includes the Adani's ongoing 650 MW project. Additionally, around 2.5 GW is at the L1 stage, awaiting order finalisation and execution.

Overall, Bondada Engineering’s solar EPC portfolio stands at nearly 6 GW. In addition, the company has a 2 GW independent power producer (IPP) portfolio. This growth journey began in 2017, and in 2023, the company was listed on the BSE SME exchange.

Previously, the company has also received a work order (WO) for the IPP project from the Andhra Pradesh (AP) government for setting up a 2 GW IPP plant. Additionally, it also has a portfolio in solar with 1 GW commissioned, almost 2.5 GW is in work in progress, including the recent 650 MW of Adani's also been converted into work in progress.