Letter of Intent for 20 MW/120 MWh battery storage system accepted by Bondada Engineering
GIPCL has issued a Letter of Intent to M/s. Bondada Engineering Limited, Hyderabad, for a Battery Energy Storage System of 20 MW/120 MWh capacity.
By ScoutQuest · · 2 min read
- BESS Capacity
- 20 MW/120 MWh capacity
- O&M Period
- operation & maintenance for 10 years
- LoI Acceptance Date
- 17/10/2026
What the company told the exchanges
GIPCL has issued a Letter of Intent to M/s. Bondada Engineering Limited, Hyderabad, and Bondada has accepted it on 17/10/2026 through e-mail. This follows the approval received from GUVNL. The company had earlier informed the exchanges on 11/08/2026 about the award of this contract.
What the project is
- The contract is for a Battery Energy Storage System (BESS) with a rated capacity of 20 MW/120 MWh.
- The system will be set up at the point of injection, the 132 kV GIPCL Substation.
- Work scope covers design, engineering, supply and procurement, civil and structural works, erection, testing, commissioning, and operation & maintenance.
- The operation and maintenance period is 10 years.
Why battery storage matters
A BESS stores electricity when there is surplus and releases it when needed. For a power generator, it can help manage the timing of supply to the grid rather than only generating when the plant runs. Here the capacity is stated in two parts: 20 MW of power (how fast it can charge or discharge) and 120 MWh of energy (how much it can hold). In simple terms, the system can deliver at 20 MW for several hours, with 120 MWh being the total stored energy.
Why the acceptance matters
- An LoI is a formal step in the contracting process. Its acceptance by the contractor records that Bondada Engineering has agreed to the terms.
- The company had said the contract was awarded in August; this update records that the LoI has now been issued and accepted.
- Everything else required under the SEBI Listing Regulations, as covered in the 11/08/2026 intimation, remains unchanged.
What a reader can take away
The announcement is a procedural confirmation of a contract step in a storage project tied to GIPCL's substation. The update itself states the technical capacity and the duration of the operation and maintenance contract, and confirms the contractor's acceptance. It is a follow-through on an award already communicated to the exchanges, so the news is about the process moving forward rather than a fresh, previously unknown order.
More numbers
- BESS rated capacity - power20 MW
- BESS rated capacity - energy120 MWh
- Operation and maintenance periodten (10) years
- Substation voltage at point of injection132 kV
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