Bondada Engineering has received two orders totalling Rs 1,132 Crore. The company has received two EPC (Engineering, Procurement, and Construction) contracts under the MSKVY 2.0 initiative for the building of crystalline ground-mounted solar PV generating plants in distinct districts of Maharashtra.

The first contract, worth Rs 763.16 Crore, covers the design, engineering, supply, erection, testing, and commissioning of a solar PV plant, as well as three years of operation and maintenance on an EPC basis at a 33/11 kV capacity.

The second deal, for Rs 369.08 Crore, covers a similar scope but excludes PV module supply, which would be provided by MAHAGENCO. Both contracts aim to solarise agricultural feeders in the state and have a three-year operation and maintenance tenure.

The announcement of the order wins also caused a surge in volumes on the counter. So far, up to five lakh shares have changed hands, exceeding the one-month daily trading average of one lakh shares.

Bondada also received an order for Rs 468 Crore from KPI Green last month for the supply and installation of a solar power producing facility of 130 MWp/100MWac capacity. The order is scheduled to be completed over the next 12 months.