Engineering, procurement, and construction company Bondada Engineering has received a letter of intent from the Adani Group to supply balance of system (BoS) equipment for a 650 MW solar project at the Khavda Renewable Energy Park, Gujarat.

The contract’s estimated cost is ₹10.5 billion (~$119.5 million).

The scope of work for Bondada entails the design, engineering, manufacturing, procurement, quality assurance, and delivery of materials. It also involves providing on-site services, testing, and commissioning of free-issue materials.

Additionally, Bondada will be conducting the civil, mechanical, electrical, and structural works required for the project’s commissioning.

The company must complete the project within one year.

Bondada Engineering operates in the telecom, renewable energy, railways, and data center sectors. According to its financial report for the first quarter of the financial year 2026, the company has earned a cumulative revenue of ₹45.63 billion (~$519.15 million) since its inception in 2012.

The company is implementing a 2 GW independent power producer solar project in Andhra Pradesh, valued at ₹90 billion (~$1.02 billion).

In June this year, Bondada was among the winners of Tamil Nadu Green Energy Corporation’s auction to set up 500 MW/1,000 MWh standalone battery energy storage system (BESS) projects in six locations in Tamil Nadu on a build-own-operate basis. It won a capacity of 200 MW/400 MWh at a tariff of ₹246,000 (~$2,856.81)/MW/month.

In March, Bondada was one of the winners of Telangana Power Generation Corporation’s auction to set up 250 MW/500 MWh standalone BESS in the state, winning 50 MW/100 MWh each at a tariff of ₹240,347 (~$ 2,804.84)/MW/month.

In December last year, Bondada secured a work order worth ₹1.08 billion (~$12.8 million) from the Bihar Renewable Energy Development Agency for a large-scale solar streetlight initiative. The project entailed designing, supplying, installing, testing, and commissioning smart solar streetlight systems on existing electric poles across rural Bihar. The contract also includes a five-year comprehensive maintenance contract and the implementation of remote monitoring systems.