Bondada Engineering Solar Project & Epigral’s Rs 600 Cr Facility

Indian companies are making significant strategic plays, with Bondada Engineering securing a controlling interest in a substantial solar power portfolio and Epigral committing to a major manufacturing expansion.

Bondada Engineering (BEL) has acquired a majority equity shareholding in Onix IPP (OIPL/SPV), marking its entry into a 225 MW (AC) solar power project. This move positions BEL within the Independent Power Producer (IPP) segment, aligning with key government initiatives.

Bondada’s Strategic Solar Acquisition

• The project operates under the Mukhyamantri Saur Krushi Vahini Yojana 2.0.
• It is also part of the PM-KUSUM Scheme in Maharashtra.
• The Special Purpose Vehicle (SPV) holds a 25-year Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company (MSEDCL).

Epigral’s Expansion Plans

Epigral is undertaking a significant capacity expansion, establishing a new manufacturing facility at its existing site in Dahej, Gujarat.

• Estimated investment: Rs 600 crore.
• New facilities include Epoxy Resin & Formulations and a Multi-Purpose Plant (MPP).
• Commissioning expected in the second half of FY28.

This strategic move enhances Epigral’s footprint, building upon its primary engagement in manufacturing Chlor Alkali & its Derivatives.

Monika Alcobev Forges International Partnership

In the alcobev sector, Monika Alcobev has established a strategic partnership with Angostura, the renowned producer of bitters and Caribbean rum.

• Monika Alcobev will manage import, distribution, and marketing.
• Products include Angostura 5-Year-Old Rum, Angostura Aromatic Bitters, and Angostura Orange Bitters.
• Initial availability in Maharashtra and Delhi, with phased expansion across India.

These distinct corporate maneuvers highlight diverse growth strategies across India’s infrastructure, chemical, and consumer sectors, each aiming to capitalize on specific market opportunities and expand their operational reach.