The Hindu·2 min read·medium
Bondada acquires 60% in solar project SPV in Maharashtra
T
The Hindu Bureau
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Bondada Engineering has acquired a 60% stake in Onix IPP, a special purpose vehicle managing a 225 MW solar project in Maharashtra. This move marks the company's expansion into renewable energy asset ownership to secure long-term annuity-based revenue.
Bondada Engineering has acquired 60% stake in Onix IPP (OIPL), a special purpose vehicle implementing a 225 MW (AC) solar photovoltaic power project in Maharashtra under a government scheme.
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