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Bondada Engineering has won a ₹108.9 crore project from BREDA for installing and maintaining smart solar street lights. The 18-month project also includes a 5-year maintenance contract, boosting Bondada Engineering share price prospects.
Bondada Engineering Limited has announced a major project win worth ₹108.9 crore from the Bihar Renewable Energy Development Agency (BREDA). This project falls under the Mukhyamantri Gramin Solar Street Light Yojana, aiming to strengthen rural Bihar's renewable energy infrastructure. The project includes designing, supplying, installing, testing, commissioning, and maintaining smart solar street lights equipped with advanced remote monitoring technology.
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Project Value: ₹108.9 crore, including a 5-year maintenance contract.
Awarding Body: Bihar Renewable Energy Development Agency (BREDA).
Scope of Work: Installation of solar street light systems on existing electric poles across rural Bihar.
Timeline: Completion in 18 months from the agreement date.
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The comprehensive project involves the installation of state-of-the-art solar street lighting systems on existing poles in rural Bihar. Bondada Engineering will also ensure their functionality with a 5-year maintenance contract. The company is expected to complete the project within 18 months from the agreement's execution date, enhancing rural areas with sustainable lighting solutions.
Details | Figures |
Total Project Value | ₹108.9 crore |
Maintenance Contract Duration | 5 years |
Execution Timeline | 18 months |
Key Technology | Remote Monitoring |
This order aligns with Bihar’s renewable energy goals and underscores Bondada Engineering’s commitment to providing innovative infrastructure solutions. The company’s focus on sustainability and smart technology further solidifies its role in India's renewable energy landscape.
The ₹108.9 crore project is anticipated to strengthen Bondada Engineering’s financial performance and market reputation. Investors have already shown optimism, with Bondada Engineering share price poised for growth amid this announcement.
Bondada Engineering’s ₹108.9 crore project win marks a significant milestone in renewable energy infrastructure development in Bihar. The advanced technology and long-term maintenance commitment highlight the company’s expertise, while the project is likely to positively influence Bondada Engineering share price and its position in the renewable energy sector.
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