Bondada Engineering has received approval for Rs 5 billion in credit facilities from Canara Bank. The funds will be used to finance the debt portion of its 200 MW/400 MWh standalone battery energy storage system (BESS) project with Tamil Nadu Green Energy Corporation.
Furthermore, Bondada Engineering is eligible for viability gap funding of Rs 1.08 billion for the storage project. The project is anticipated to strengthen grid reliability, enable greater renewable energy integration, and improve peak load management in Tamil Nadu.
In January 2026, Bondada Engineering Limited received a letter of award worth approximately Rs 6.27 billion from Transmission Corporation of Andhra Pradesh Limited for the development of a 225 MW/450 MWh standalone BESS.
