Bondada Engineering Ltd. (BEL), a leading infrastructure and renewable energy solutions provider, recently held its Annual General Meeting (AGM) for FY 2024–25, celebrating a year marked by significant milestones, rapid growth, and ambitious plans aligned with India’s digital and energy security goals.
Transformative Year Driven by Diversification and Scale
FY 2024–25 was a transformational year for Bondada Engineering. The company diversified its portfolio, scaled operations, and achieved major project milestones.
Telecom Expansion: BEL played a pivotal role in the BSNL 4G Saturation Project, successfully executing over 1,250 telecom towers — about 10% of the nationwide rollout dedicated to the nation by Hon’ble Prime Minister on September 28, 2025.
Renewable Energy Evolution: Transitioning from a solar EPC contractor to a renewable energy developer, BEL initiated a 2 GW solar park under its subsidiary GreenBond RE Park Pvt. Ltd. and advanced its capabilities in battery energy storage with the execution of a 200 MW/400 MWh project in Tamil Nadu.
Railways Sector Entry: The company also entered the railways sector by securing a major order from South Central Railways, covering 452 sites across 1,500 km.
Robust Financial Performance Underscores Momentum
Bondada Engineering delivered impressive financial results during FY 2024–25, underscoring its strong market position and operational efficiency.
*Revenue: ₹1,571 crore, up 96% year-on-year
*Net Profit: ₹115 crore, up 149% year-on-year
*Credit Rating: Upgraded to CRISIL A (Stable)
The robust performance reflects BEL’s ability to execute large-scale projects across multiple sectors while creating long-term stakeholder value.
Leadership Vision: Building a 25 GW Clean Energy Future
Dr. Bondada Raghavendra Rao, Chairman and Managing Director, said, “FY 2024–25 was a year of transformation and resilience. From telecom and renewable energy to railways and storage, we have proven our ability to deliver at scale while creating long-term value. With bold ambitions and clear strategies, the group is poised to march towards a vibrant future through 2025–2026 and beyond, towards our 2030 vision of becoming a 25 GW clean energy powerhouse, reinforcing India’s digital and energy security in the process.”
Ambitious Roadmap Ahead
Looking forward, Bondada Engineering aims to accelerate growth with its guiding principle of “Live Excellence.” The company has outlined a bold roadmap:
*Double revenue by FY 2026 over the FY 2025 base
*Triple revenue by FY 2027
*Achieve seven-fold growth by FY 2030
BEL is targeting 25 GW of renewable energy capacity. It is also expanding its presence in battery storage and deepening its footprint across strategic infrastructure sectors. These initiatives position Bondada Engineering as a key enabler of India’s clean energy transition and digital infrastructure expansion.
Driving India’s Sustainable and Digital Future
Bondada Engineering Ltd. has strong execution capabilities, a diversified portfolio, and a clear long-term strategy. The company is poised to play a central role in shaping India’s sustainable and digital future. As per the press release, the company’s performance in FY 2024–25 sets a solid foundation for continued growth and innovation. It is well positioned to achieve its 2030 ambitions.
