Shares of Bondada Engineering Ltd gained 2% on Friday, 24 October, after the company announced securing LoI from Adani Group. 

In its regulatory filing, the company said that it has received a letter of intent (LOI) from Adani Group.

The scope of contract includes the provision of commodities for the balance of system (BOS) of the 650 MW solar power project at Khavda Renewable Energy Park in Gujarat. It involves all aspects of material design, engineering, production, procurement, quality assurance, packing, and delivery on-site.

The project scope includes comprehensive onsite services such as receipt, unloading, storage, handling, installation, testing, and commissioning of free-issue materials. It also covers all related civil, mechanical, electrical, and structural works necessary for the project’s successful completion.

The contract, valued at Rs 1,050 crore, is expected to be completed within one year from the receipt of the Letter of Intent (LOI).

Meanwhile, Bondada Engineering’s board will meet on Tuesday, October 28, 2025, to review and approve the company’s unaudited financial results for the half year ended September 30, 2025, along with the auditor’s limited review report.

Bondada Engineering specializes in providing engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) solutions, to clients in the telecom, renewable energy, and Indian Railways sectors.

At 12:48 pm, the shares of Bondada Engineering were trading 1.54% higher at Rs 470 on NSE.

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