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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Bondada Engineering bags ₹1,338 crore contract from NTPC ...
BL Hyderabad Bureau · 2026-06-16 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Bondada Engineering has secured a Notification of Award (NOA) from NTPC Renewable Energy (NTPC REL) for the Engineering, Procurement and Construction (EPC) package of a 250 MW Solar PV Project co-located with a 50 MW / 200 MWh Battery Energy Storage System (BESS) at Sitapur, Uttar Pradesh.

Valued at approximately ₹1,338 crore (inclusive of GST), the project is scheduled to be executed within 18 months.

The project forms part of NTPC Renewable Energy ongoing efforts to expand utility-scale renewable energy generation while integrating advanced energy storage solutions that enhance grid stability and reliability. 

The combination of solar generation and battery energy storage reflects the next phase of renewable energy deployment in Bharat, where clean energy generation is increasingly supported by storage infrastructure to ensure round-the-clock power availability.

With this latest addition, Bondada Engineering’s Solar EPC order book has expanded to approximately 5.5 GWp, while its Battery Energy Storage System (BESS) order book has grown to approximately 1.1 GWh, according to a release.

Published on June 16, 2026