Infra Stock in Focus After Securing ₹469 Crore Solar Project Order From Adani Group

Synopsis: Bondada Engineering shares rose after securing Rs 469.52 crore orders from Adani Green Energy for a 250 MW solar Balance of System project in Khavda, Kutch. Execution period is eight months, boosting the EPC order book.

The shares of this company, which provide engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry, are in the spotlight after it recovered 7% in today’s market session following an order from Adani Group.  

With a market capitalisation of Rs. 25,575 cr, the shares of Bondada Engineering Ltd were trading at Rs. 319.95 per share, recovering 7% in today’s market session, from a low of Rs. 303 per share, making a high of Rs. 324, up from its previous close of Rs. 322.35 per share. 

About the order 

Bondada Engineering Ltd has announced that it has secured multiple new orders aggregating to Rs. 469.52 crore from Adani Green Energy Ltd and Adani Green Energy Six Ltd. The contracts are for supplying goods and providing on-site services under the Balance of System (BOS) package for a 250 MW solar power project located at Khavda, Kutch, Gujarat, one of India’s major renewable energy hubs.

The execution period for these orders is about 8 months from receipt, and they further strengthen Bondada Engineering’s presence in the renewable energy EPC segment. With this deal, the company’s cumulative executed capacity for the Adani Group has reached 975 MW, reflecting its growing role in large-scale solar infrastructure projects.

The company highlighted that these orders reinforce client confidence in its execution capabilities and support its expanding order book in the clean energy infrastructure space.

About the company 

Bondada Engineering Ltd is an Indian infrastructure and EPC (Engineering, Procurement & Construction) company. It mainly works in the telecom and renewable energy (solar) sectors, offering services like solar power plant development, telecom tower construction, optical fiber network works, and operations & maintenance (O&M). 

The company delivered strong operational and strategic progress in FY26 across its core and emerging business segments. In its financing update, the company secured a major sanction of Rs. 506.55 crore from Canara Bank, including a term loan and bank guarantees, specifically supporting its Tamil Nadu Green Energy Corporation (TNGECL) Battery Energy Storage System (BESS) project. 

A major focus area continues to be Battery Energy Storage Systems (BESS), where the company has secured two significant BOO (Build-Own-Operate) orders from TNGECL and AP TRANSCO, marking its deeper entry into grid-scale energy storage projects. 

In parallel, its solar EPC business remains strong, with approximately 492 MWp commissioned in FY26, taking the cumulative installed capacity to around 1.3 GWp, reinforcing its position in India’s renewable energy sector.

The company is also expanding into defence and data center infrastructure, signaling diversification beyond its traditional telecom and solar base. Its subsidiary Bondada Dynamics secured its first defence order from Bharat Electronics Ltd (BEL) for critical components in March 2026, marking entry into the defence supply chain. 

In the data center segment, the company signed an MoU with Bryanston Inc to develop connection-ready data center parcels across Hyderabad, Vizag, and South Andhra Pradesh, targeting hyperscalers, enterprise customers, and micro data center deployments.

In its telecom infrastructure business, it has installed 1,536 BSNL towers, with 1,506 already operational (on-air), reflecting steady execution in rural connectivity projects. Overall, the company reported a strong order book of Rs. 7,147.5 cr, indicating healthy revenue visibility and a robust pipeline across solar, telecom, BESS, defence, and data center verticals.

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