Bondada Engineering receives LoA from AP TRANSCO
Bondada Engineering has received a Letter of Award (LOA) from AP TRANSCO (Transmission Corporation of Andhra Pradesh) for the development of a large-scale Standalone Battery Energy Storage System (BESS) project.
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.
With the receipt of this order, Bondada Engineering's cumulative BESS portfolio now stands at nearly ~1 GWh, positioning the Company as a strong and credible player in India's rapidly evolving energy storage ecosystem.
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