Bondada Engineering Ltd receives LOA from TNGECL for BESS project

Bondada Engineering Limited has secured LOA from M/s. Tamil Nadu Green Energy Corporation Limited (TNGECL) for setting up of Battery Energy Storage Systems (BESS). This is highest storage capacity order in the history of the Company in BESS business line marking a significant step towards creating bigger battery energy storage systems as a part of Company's vision to reach 10GW capacity in green space by 2030.

The project will deploy standalone grid-scale BESS facilities with a total capacity of 400 MWh at key locations - Vellalaviduthi and Thennampatty in Tamil Nadu State. The initiative is aimed at boosting grid stability, integrating renewable energy, and managing peak power demand accelerating Tamil Nadu's clean energy transition.

The project will be executed under the build-own-operate (BOO) model, with Bondada Group emerging as the successful bidder through a competitive tendering process conducted by TNGECL.

"This project marks a key milestone for Bondada Group in the energy storage segment and reflects our strong commitment to advancing India's clean energy ecosystem".

The Broad consideration for this order shall be Rs. 8,36,00,64,000/- (Rupees Eight Hundred Thirty Six Crore Sixty Four Thousand Only) (including GST) over a period of 12 years.

Source : Equity Bulls

Keywords

BondadaEngineering LOA TNGECL BESSProject