Bondada Engineering Secures ₹125 Crore Orders from Adani Group and Ambuja Cements
Bondada Engineering bags orders worth Rs 125 crore
Business Standard
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Bondada Engineering has secured orders worth ₹125.30 crore (approximately $15 million USD) from Adani Green Energy, Adani Ports & SEZ, and Ambuja Cements for a solar power project in Khavda, Kutch, Gujarat. This strengthens its position in the renewable energy sector, with a cumulative capacity of 725 MW for the Adani Group.
- 01Bondada Engineering received orders totaling ₹125.30 crore for a solar power project.
- 02The orders are from prominent companies including Adani Green Energy and Ambuja Cements.
- 03The project is located in Khavda, Kutch, Gujarat, and will be executed in three months.
- 04Bondada's net profit increased by 13.3% to ₹62.88 crore in Q4 FY26.
- 05The company's revenue from operations rose by 27.9% year on year to ₹913.85 crore in Q4 FY26.
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Bondada Engineering has announced the acquisition of multiple orders amounting to ₹125.30 crore (approximately $15 million USD) from major entities such as Adani Green Energy, Adani Ports & SEZ, and Ambuja Cements. These orders involve the supply of goods and onsite services for the Balance of System (BOS) package for a 75 MW solar power project located in Khavda, Kutch, Gujarat. This development enhances Bondada's footprint in the renewable energy sector, bringing its cumulative executed capacity for the Adani Group to 725 MW. The company emphasized that these contracts do not involve related party transactions and that its promoters have no interest in the awarding entities. Additionally, Bondada Engineering reported a 13.3% increase in consolidated net profit, reaching ₹62.88 crore in Q4 FY26, compared to ₹55.51 crore in the same quarter of the previous fiscal year. Revenue from operations also saw a significant rise of 27.9% year on year, totaling ₹913.85 crore in Q4 FY26. Following this announcement, shares of Bondada Engineering rose by 0.26% to ₹360 on the Bombay Stock Exchange (BSE).
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The orders will contribute to the renewable energy sector in Gujarat, creating potential job opportunities and enhancing local infrastructure related to solar energy.
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