Bondada Engineering Ltd. (BEL), a leading provider of infrastructure and renewable energy solutions, announced that it is targeting a renewable energy capacity of 25 GW by 2030.
The company, which held its annual general meeting for 2024–25 on Tuesday, reported that its revenue almost doubled to Rs 1,571 crore for the financial year. “The net profit for the year went up by one-and-half times to reach Rs 115 crore during the year. Our credit rating was upgraded to CRISIL A (Stable),” Bondada Raghavendra Rao, Chairman & Managing Director Bondada Engineering Limited, said.
The company executed over 1,250 telecom towers for BSNL’s 4G saturation project. “This constitutes 10% of the nationwide rollout that was dedicated to the nation by Prime Minister Narendra Modi on September 28, 2025,” he said in a statement.
“BEL also evolved from a solar EPC contractor into a renewable energy developer, initiating a 2 GW solar park under its subsidiary GreenBond RE Park Pvt. Ltd. and making significant progress in battery energy storage with the execution of a 200 MW/400 MWh project in Tamil Nadu,” he said.
Published on September 30, 2025
