Hyderabad-based Bondada Engineering Ltd, part of the Bondada Group, has secured two solar EPC mandates worth over Rs 110 billion. According to a stock exchange filing, the company won two orders valued at Rs 76.32 billion and Rs 36.91 billion, respectively, for ground-mounted solar PV projects in Maharashtra under the Mukhyamantri Saur Krishi Vahini Yojana 2.0 (MSKVY 2.0).
MSKVY 2.0 is a Maharashtra government initiative aimed at achieving 30% solarization of agriculture feeders by 2025. The contracts include design, engineering, supply, erection, testing, and commissioning of crystalline ground-mounted solar PV plants, along with a 3-year operation and maintenance (O&M) service at 33/11 kV across multiple districts.
Maharashtra State Power Generation Company Ltd (Mahagenco) will provide the project sites, and the commissioning is expected within 9 months to 1 year after land allotment. The total contract value includes GST.
In September 2024, Bondada also secured a Rs 46.8 billion order from KPI Green Energy Ltd for a 130 MWp/100 MW(ac) solar PV project.