Bondada Engineering Secures Term Loan Sanction from Canara Bank for BESS Project
Published on: Feb. 11, 2026, 6:12 p.m. | Source: scanx.trade
Bondada Engineering Limited has secured credit facility sanction from Canara Bank for its BESS project with TNGECL, representing the company's first large-scale bank-funded term loan. The project includes INR 108 Crore in Viability Gap Funding and marks a strategic shift towards asset-ownership with annuity-based revenue streams. This development aligns with India's energy transition objectives and demonstrates strong lender confidence in the company's capabilities.
