8 months ago
Companies Win Major Battery Storage Projects in India
Two companies in India, Rajesh Power Services and Bondada Engineering, have won big projects to build battery storage systems.
Rajesh Power Services will build a 65 MW/130 MWh system in Gujarat.
Bondada Engineering will build a larger 225 MW/450 MWh system in Andhra Pradesh.
Both projects will take 18 months to complete.
Bondada Engineering's project is worth Rs 627 crore and will help the company grow its energy storage business.
These projects are important for making India's energy system more reliable and stable.
Rajesh Power Services wins 65 MW/130 MWh battery storage project in Gujarat.
Bondada Engineering secures Rs 627 crore order for 225 MW/450 MWh project in Andhra Pradesh.
Both projects to be completed within 18 months.
Bondada Engineering's project will enhance its financial stability and shareholder value.
Projects aim to strengthen India's energy storage infrastructure.
- Who
- Rajesh Power Services and Bondada Engineering
- What
- Winning battery energy storage projects
- Where
- Rajesh Power Services: Virpore, Gujarat; Bondada Engineering: Andhra Pradesh
- When
- Rajesh Power Services: Not specified; Bondada Engineering: Execution to start January 5, 2026
- Why
- To develop and enhance India's energy storage infrastructure
Key facts
- Rajesh Power Services Project
- 65 MW/130 MWh
- Bondada Engineering Project
- 225 MW/450 MWh
- Rajesh Power Services Location
- Virpore, Gujarat
- Bondada Engineering Location
- Andhra Pradesh
- Execution Timeframe
- 18 months
- Bondada Engineering Order Value
- Rs 627 crore
- Bondada Engineering Model
- Build-Own-Operate (BOO)
- Bondada Engineering Portfolio
- 1 GWh
Quotes
Bondada Engineering
An EPC company specializing in energy projects.
“The project is expected to be executed within the stipulated timeline and will contribute meaningfully to revenues post the construction phase, while generating stable, long-term annuity income, thereby enhancing shareholder value and earnings visibility.”
financialexpress.com
“This order is strategically significant for the Company as it establishes a long-term annuity-based revenue stream, thereby enhancing revenue stability, cash flow visibility and return predictability.”
financialexpress.com
