🔋 Bondada Engineering: From Telecom Towers to Battery Biceps
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At a Glance
Bondada Engineering is the silent beast in India’s EPC (Engineering, Procurement & Construction) jungle. From boring telecom towers to ₹14,000 Cr worth of solar + battery contracts, this SME has gone full Bigg Boss on its competitors. But is it still a buy at 43x P/E or just another BOO-tstrapped bubble?
1. 🎬 Hook – India’s Next Infra Rockstar?
You’ve heard of L&T, right? Now meet its microcap doppelgänger with a solar tan.
Bondada Engineering started by erecting telecom towers, moved to solar EPC, and now they’re building battery energy storage systems (BESS) for Tamil Nadu and TGGENCO.
Also:
✅ ₹9,000 Cr solar order
✅ ₹836 Cr battery BOO order
✅ Microsoft data center ops contract
✅ ₹1,000+ Cr revenue milestone unlocked
🎯 It’s the kind of company that builds India’s energy backbone… while your favorite unicorn builds memes.
2. 🛠️ WTF Do They Even Do?
📡 Telecom Infrastructure:
Tower installation, GI pole supply
Airtel, BSNL, Dinesh Engineers are clients
🌞 Solar EPC:
Utility-scale solar project execution
2000 MW order in Andhra alone
🔋 Battery Energy Storage:
TGGENCO: ₹204 Cr order
Tamil Nadu: ₹836 Cr under BOO model (they own + operate)
🏗️ AAC Blocks, MS Towers & WS Beam Exports
Yes, they even have a Telangana AAC plant
And shipped beams to the USA. America imports Bondada now.