Bondada Engineering Wins Rs 9.45 Billion Solar EPC Order from NLC

24 Dec 2025 CW Team

Bondada Engineering has received a Letter of Award from NLC India Renewables, acting on behalf of NLC India Limited, for Balance of System works for an 810 MW solar power project at the RVUNL Solar Park in Bikaner, Rajasthan.

The order, valued at approximately Rs 9.45 billion, strengthens Bondada Engineering’s position in large-scale, utility-grade solar EPC execution. The scope includes design, engineering, site development, supply, installation, testing and commissioning, along with associated power evacuation systems up to the designated delivery point. The contract also covers operations and maintenance services for three years.

Project execution is scheduled to be completed within 15 months from acceptance of the Letter of Award.

Commenting on the development, Dr Bondada Raghavendra Rao, Chairman & Managing Director, Bondada Group, said the order reflects confidence in the company’s technical capability, execution strength and growing footprint in the renewable energy sector. He added that Bondada Engineering continues to report strong year-on-year growth in consolidated turnover, supported by consistent project delivery across business verticals.

With this project, Bondada Engineering’s total EPC order book has reached close to 3 GW, reinforcing its medium-term growth pipeline. The project is expected to contribute meaningfully to revenues during the execution period while supporting India’s renewable energy expansion and decarbonisation objectives.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..