Bondada’s Solar IPP Arm Secures ₹9.11 Billion for 225 MW Solar Project

The sanctioned funds comprise term loan and non-fund-based facilities

October 5, 2026

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Onix IPP, a subsidiary of Bondada Engineering (BEL), has secured ₹9.11 billion (~$94.96 million) in financing from the State Bank of India for a 225 MW solar power project in Maharashtra.

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