Bondada Engineering Shares Jump 3% After Adani Group LoI

Bondada Engineering shares rose by 3% following the announcement that the company received a Letter of Intent (LoI) from the Adani Group for a major solar power project. The LoI pertains to a ₹1,050 crore contract for supplying goods and executing the Balance of System (BOS) for Adani's 650 MW solar power project at Khavda Renewable Energy Park, Gujarat.​

The scope of the order includes design, engineering, manufacturing, procurement, quality assurance, delivery, and installation of materials—contributing to a significant boost in Bondada Engineering's order book and financial prospects within the renewable energy sector. The contract is scheduled to be completed within one year from the date of the LoI.