Shares of Bondada Engineering Ltd. surged after the company announced a major milestone, receiving a ₹9,000 crore order from the Government of Andhra Pradesh for the development of a 2,600 MWp (2,000 MW AC) solar power project. This allocation marks one of the largest public-sector renewable energy contracts awarded in the state and significantly boosts Bondada’s order book to over ₹14,000 crore.

The project involves the installation of solar power capacity across multiple sites in the Ananthapuramu and Sri Sathya Sai districts. Execution will be carried out through Bondada’s wholly owned subsidiary, Bondada Renewable Energy Private Limited. According to the company, the project is to be completed within 24 months and is aligned with the Andhra Pradesh Integrated Clean Energy Policy – 2024.

This government order is not just a large win in terms of scale and value, but also strategically important. It directly contributes to India’s renewable energy and net-zero targets, while also stimulating regional employment. Bondada expects the project to generate over 3,900 jobs across Andhra Pradesh.

Post the announcement, Bondada surged, reaching an intraday high of ₹425.05. 

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