Suratwwala arm wins 15 MWAC solar EPC order

Suratwwala Natural Energy Resource Private Limited, a subsidiary of Suratwwala Business Group Limited (SBGL), has secured a 15 MWAC engineering, procurement, and construction (EPC) contract from Bondada Engineering Limited for a ground-mounted solar photovoltaic (PV) project in Maharashtra.

The contract was executed on April 8, 2026. It covers design, engineering, supply excluding PV modules, unloading of PV modules at the site, erection, testing, and commissioning. The project is being developed under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 scheme, which targets solarisation of agriculture feeders through grid-connected distributed solar PV plants.

The order is valued at about Rs 19 crore, excluding Goods and Services Tax (GST), equivalent to roughly $2.3 million. The project is to be completed within 12 months as per a mutually agreed schedule. With this award, Suratwwala Natural Energy Resource’s cumulative capacity under orders from Bondada Engineering has reached 45 MWAC.

The financial terms include a performance guarantee and a bank guarantee, each set at 5% of the total contract value. SBGL stated in its Regulation 30 disclosure to BSE and NSE that no promoter or group company holds any interest in Bondada Engineering, and the transaction does not qualify as a related party transaction.

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