Bondada Engineering Announces ₹450 Crore Investment in Assam’s Hybrid Renewable Energy Project

In a significant move towards advancing renewable energy, Bondada Engineering Limited, through its wholly-owned subsidiary Bondada Renewable Energy Limited, has announced a strategic initiative to set up a Hybrid Renewable Energy Plant in Assam. The announcement was made during the Advantage Assam 2.0 Summit 2025 in Hyderabad, where the company exchanged an MoU with the Honourable Minister of Education, Welfare of Plain Tribe & Backward Classes, Assam, Mr Ranoj Pegu.

The share price of Bondada Engineering was down by 1.61% as of 11:28 AM on January 24, 2025.

Project Highlights

The proposed Hybrid Renewable Energy Plant will be a 100 MW facility integrating solar and wind power. This ambitious project is part of the UNNATI Scheme, which aims to promote sustainable energy solutions. The plant will involve a substantial investment of ₹450 crore and underscores Bondada Engineering’s commitment to supporting green energy initiatives in India.

Key Details of the Agreement

• Parties Involved: Bondada Renewable Energy Limited, a wholly-owned subsidiary of Bondada Engineering Limited.
• Purpose: To establish a Hybrid Renewable Energy Plant in Assam under the UNNATI Scheme.
• Investment: ₹450 crore.
• Significance: Integration of solar and wind power to create a sustainable energy source.
• Nature of Agreement: Domestic, with no related party transactions or shareholding relationships.

Impact on Renewable Energy Goals

This project aligns with India’s broader objectives to enhance its renewable energy capacity. By leveraging hybrid solutions, Bondada Engineering aims to ensure efficiency and consistency in energy output, which can address challenges such as energy intermittency often faced in standalone solar or wind projects.

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