05-Oct-2026 12:11:51
BONDADABig Order
BONDADA ENGINEERING : WINS RS 911.25 CR ORDER FOR 225 MW SOLAR IPP PROJECT
• Onix IPP Private Limited, a subsidiary, received sanction of ₹911.25 Crores from State Bank of India for a 225 MW Solar Independent Power Producer (IPP) Project. • The sanctioned facility comprises ₹900 Crores of Term loan facilities and ₹11.25 Crores of non-fund-based facilities. • The project is supported by a 25-year Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL). • The sanction from SBI marks a significant milestone in the company's strategy to expand its presence in the Renewable Energy IPP segment. • The project is expected to strengthen the company's renewable energy portfolio and enhance long-term revenue visibility.
Bondada Engineering Ltd
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