Bondada Secures ₹5 Billion Loan from Canara Bank for 400 MWh BESS

The funds will cover the debt portion of the standalone battery energy storage system

February 26, 2026

/ Parth Shukla
/ Energy Storage, Finance and M&A
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Hyderabad-based Bondada Engineering has received approval for credit facilities of ₹5 billion (~$55.01 million) from Canara Bank to fund the debt portion of its  200 MW/400 MWh standalone battery energy storage system (BESS) project with Tamil Nadu Green Energy Corporation (TNGECL).

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Parth Shukla

More articles from Parth Shukla.
BESSBondada EngineeringDebtFinancingTamil NaduTNGECL
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