BSECompany Update5 Oct 2026 · 5 Oct 2026, 12:11 pm
Intimation of receipt of Sanction of Term Loan from State Bank of India for 225MW Solar IPP Project.
Bondada Engineering Ltd · 543971
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Bondada Engineering Ltd has received a sanction of ₹911.25 Crores from State Bank of India for a 225 MW Solar IPP Project, strengthening its renewable energy portfolio and providing long-term revenue visibility.
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Bondada Engineering Ltd - 543971 - Intimation Of Receipt Of Sanction Of Term Loan From State Bank Of India For 225 MW Solar IPP Project
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BEL/BSE/OCT/2026/002 Date: Oct 05th, 2026
The Secretary,
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai 400 001
Scrip Code: 543971 Symbol: BONDADA
Sub: Receipt of Sanction of ₹911.25 Crores from State Bank of India for 225 MW Solar IPP Project
Ref: Regulation 30 and other applicable regulations of SEBI (Listing Obligation & Disclosure
Requirements) Regulations, 2015
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, we are pleased to inform you that Onix IPP Private Limited (“Onix IPP”), a subsidiary of
Bondada Engineering Limited (“the Company”), has received a sanction of ₹911.25 Crores from
State Bank of India (“SBI”) for financing a 225 MW Solar Independent Power Producer (IPP)
Project.
The 225 MW Solar IPP Project is being developed by Onix IPP, with State Bank of India as the
lending institution. 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), providing long-term revenue visibility and
predictable cash flows over the project tenure. The sanction from SBI marks a significant milestone in
the Company's strategy to expand its presence in the Renewable Energy IPP segment and build a
portfolio of long-term, annuity-based renewable energy assets.
The project is expected to further strengthen the Company's renewable energy portfolio, enhance long-
term revenue visibility and contribute meaningfully towards sustainable growth and long-term value
creation.
The Company continues to focus on expanding its renewable energy platform through a combination
of EPC, O&M, BESS and IPP opportunities, with the objective of building a diversified and
sustainable renewable energy business.
The above information is being disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015.
We request you to kindly take the above information on record.
Thanking you,
For Bondada Engineering Limited
Dr. Sonia Bidlan
Company Secretary & Compliance Officer
M. No.: A37766
Bondada Engineering Limited
(Formerly known as Bondada Engineering Pvt Ltd)
Regd. Office: Corporate Office:
Plot No-37, Ashok Manoj Nagar, Surya P.P.R Towers, 3rd Floor,
Kapra, Hyderabad, Telangana-500062, Plot No. 11&15, Ganesh Nagar, Kapra,
INDIA Hyderabad, Telangana-500062, INDIA
Phone Number: 7207034662
CIN : L28910TG2012PLC080018 Email : Info@bondada.net, Website : www.bondada.net