Bondada surges on bagging NOA for 100 MWh Vanadium Redox Flow BESS project in Khavda Solar Park
Bondada Engineering is currently trading at Rs. 302.00, up by 11.60 points or 3.99% from its previous closing of Rs. 290.40 on the BSE.
The scrip opened at Rs. 292.00 and has touched a high and low of Rs. 303.00 and Rs. 283.50 respectively. So far 143200 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 2 has touched a 52 week high of Rs. 503.00 on 28-Oct-2025 and a 52 week low of Rs. 215.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 309.85 and Rs. 283.50 respectively. The current market cap of the company is Rs. 3324.46 crore.
The promoters holding in the company stood at 61.57%, while Institutions and Non-Institutions held 0.72% and 37.71% respectively.
Bondada Engineering has secured a Notification of Award (NOA) from NTPC Renewable Energy (NTPC REL). The NOA is for the engineering, procurement and construction (EPC) package for the development of a 100 MWh Vanadium Redox Flow Battery Energy Storage System (VRFB BESS) at Khavda Solar Park, Gujarat., with Delectrik Systems as Technology Partner. The facilities are to be completed within 10 months from receipt of NOA. With this order, the company has secured the India's first and largest grid scale VRFB BESS project, demonstrating its ability to adopt and execute energy storage projects involving advanced Long Duration Energy Storage (LDES) technologies. This achievement further strengthens the company's position in the rapidly expanding BESS sector, complementing its existing renewable energy EPC portfolio.
The project is strategically significant as it involves VRFB technology, a next-generation energy storage solution that offers several advantages over conventional Lithium Iron Phosphate (LFP) battery systems. While LFP batteries are largely dependent on imported cells and typically have an operational life of 12-15 years, VRFB technology offers a significantly longer service life of over 25 years, with high intrinsic safety, stable performance under frequent cycling with near zero degradation and reduced operational expenditure. Furthermore, India possesses domestic vanadium resources, and VRFB technology reduces long-term import dependence and aligns with the Government's vision of strengthening indigenous energy security.
