# Bondada Engineering Signs Non-Binding MoU With Goa-IPB for ₹3,000 Crore Solar and Bio Gas Projects

> Bondada Engineering signed a non-binding MoU with Goa-IPB for ₹3,000 crore of solar and bio gas projects, expected to create over 700 jobs in Goa.

- Published: 2026-11-03T08:25:44+00:00
- Section: Partnerships
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-03/bondada-engineering-goa-renewable-mou
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/bondada-engineering-signs-mou-3-000-cr-renewable-energy-projects-goa/55238612)

## Key takeaways

- Bondada Engineering signed a non-binding MoU with the Goa Investment Promotion and Facilitation Board on October 30, 2026.
- The proposed investment is approximately ₹3,000 crore in solar energy and bio gas projects in Goa.
- The projects are expected to generate over 700 employment opportunities in the region.

Bondada Engineering signed a non-binding memorandum of understanding with the Goa Investment Promotion and Facilitation Board on October 30, 2026 to develop solar energy and bio gas projects in Goa, with a proposed investment of approximately ₹3,000 crore. [ScanX](https://scanx.trade/stock-market-news/companies/bondada-engineering-signs-mou-3-000-cr-renewable-energy-projects-goa/55238612) reported the filing, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

## What the Goa-IPB MoU Covers

Under the agreement, [Bondada Engineering](https://akta.pro/company-profiles/000781d/bondada-engineering) intends to establish solar energy and bio gas projects in the state. The Goa-IPB has committed to helping the company secure the permissions, registrations, approvals and clearances needed to set up and begin operating the projects. The board will also assist Bondada in accessing eligible fiscal and non-fiscal incentives available under prevailing Government of Goa policies.

The projects are expected to generate over 700 employment opportunities in Goa. Bondada said the MoU is non-binding and that realisation of the proposed investment remains subject to further evaluation, statutory approvals, clearances and other necessary formalities. The company said the initiative reflects a continued focus on expanding its renewable energy portfolio.

## Bondada's Renewable Order Book

According to akta.pro [company records](https://akta.pro/company-data), Bondada secured a ₹1,338 crore NTPC Renewable Energy EPC contract in June 2026 for a 250 MW solar PV and 50 MW/200 MWh battery storage project at Sitapur, Uttar Pradesh, expanding its solar EPC order book to about 5.5 GWp and its BESS order book to about 1.1 GWh. The same records show the company accumulated about ₹595 crore of Adani Group orders across 75 MW, 250 MW and 650 MW solar Balance of System projects at Khavda, Gujarat, bringing cumulative Adani-related capacity to about 1 GW.

## Deals Preceding the Goa Agreement

In October 2026, GIPCL issued a Letter of Intent to Bondada Engineering for a 20 MW/120 MWh battery energy storage system, which Bondada accepted on 17 October 2026, Construction World reported. The project at GIPCL's 132 kV substation covers design, procurement, civil works and a 10-year operations and maintenance period. In the same month, subsidiary Onix IPP Private Limited secured a ₹911.25 crore sanction from SBI for a 225 MW solar IPP project, backed by a 25-year power purchase agreement with MSEDCL, ScanX reported.

## Bondada's November 24 Shareholder Meeting

Bondada rescheduled its extraordinary general meeting to November 24, 2026 from November 21, 2026, with the cut-off date for shareholder eligibility moved to November 18, 2026, ScanX reported. Remote e-voting runs from November 21 to November 23, 2026.

## Companies in this story

- [Bondada Engineering company profile](https://akta.pro/company-profiles/000781d/bondada-engineering) · website: https://bondada.net

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