Bondada Engineering Ltd receives LOI for order worth Rs. 63.86 crores

The Panchayati Raj Department, Government of Bihar, has issued LOI amounting to Rs. 63,86,59,000/- (Rupees Sixty Three Crores Eighty Six Lakhs Fifty Nine Thousand Only) (including GST) for the implementation of Phase-IV of the Mukhyamantri Gramin Solar Street Light Yojana across following districts of Bihar to M/s Bondada E&E Private Limited (Beelite), a Subsidiary Company of M/s Bondada Engineering Limited.

- Bhojpur District - Target: 9,150 Solar Street Lights
- Gopalganj District - Target: 7,850 Solar Street Lights
- Rohtas District - Target: 3,510 Solar Street Lights

The project aims to enhance rural infrastructure through the installation of solar-powered street lighting systems across the State of Bihar. The scheme is being implemented under the supervision of the Panchayati Raj Department in coordination with BREDA and concerned district administrations.

This initiative reinforces the Company's presence in the renewable energy and rural electrification segment and is expected to contribute positively to its order book and future revenue streams.

Source : Equity Bulls

Keywords

BondadaEngineering BondadaEandE Beelite OrderWin LOI