Nifty Smallcap 100 Plunges to 14,986 Low: Why Mid- and Small-Caps Are Crashing Harder Than the Market in March 2026

  The Indian stock market witnessed intense selling pressure on March 23, 2026, as mid- and small-cap indices tumbled over 4% amid a broader market crash driven by escalating geopolitical tensions in the Middle East. The Nifty Midcap 100 index has now declined around 13% year-to-date in 2026, reflecting sharp corrections in broader market segments that have outperformed in previous years but are now facing heightened volatility. Sharp Intraday Declines in Midcap and Smallcap Indices The Nifty Smallcap 100 index opened at 15,565.30 on Monday but quickly slipped to an intraday low of 14,986, erasing significant ground in early trade. By the afternoon session, the selling intensified, with the index down over 4% at points during the day. Market breadth was overwhelmingly negative—except for isolated performers like Trident (up around 2.85%), virtually every stock in the Nifty Smallcap 100 traded in the red, signaling widespread panic across smaller companies. Similarly, the Nifty M...
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Bondada Engineering Secures Major ₹391.38 Crore Solar EPC Order from NTPC Green Energy

 NTPC Invites Bids For 1,400 MW Solar PV Projects In Lalitpur And ...

In a significant boost to India's renewable energy sector, Bondada Engineering Limited has clinched its first-ever order from NTPC Green Energy Limited (NGEL), a subsidiary of the country's largest power producer, NTPC. The Hyderabad-based infrastructure firm announced the win of a prestigious Engineering, Procurement, and Construction (EPC) contract for a 300 MW Solar PV Project located in Lalitpur, Uttar Pradesh.

This milestone order marks Bondada Engineering's entry into the esteemed NTPC ecosystem, opening doors to future opportunities in large-scale green energy initiatives.

Key Highlights of the Bondada Engineering NTPC Order

  • Client: NTPC Green Energy Limited (NGEL)
  • Project Scope: Balance of System (BOS) works under full EPC mode, including 3 years of comprehensive Operations & Maintenance (O&M)
  • Project Capacity: 300 MW Solar Photovoltaic (PV)
  • Location: Lalitpur, Uttar Pradesh – a region emerging as a hub for solar power development in India
  • Execution Timeline: 15 months from the date of Letter of Award (LOA)
  • Order Value: ₹391.38 Crore (inclusive of GST)

This contract underscores Bondada Engineering's growing expertise in solar EPC projects, adding substantial strength to its renewable energy order book.

Why This Order Win Matters for Bondada Engineering

Bondada Engineering, established in 2012, has rapidly evolved into a key player in India's infrastructure landscape, specializing in EPC and O&M services for telecom, solar energy, and railways sectors. With a strong focus on renewable energy, the company has already executed multiple solar projects across states like Maharashtra, Tamil Nadu, and Andhra Pradesh.

This latest Bondada Engineering order win from NGEL brings several strategic advantages:

  • Enhanced Order Book: Bolsters the company's renewable EPC pipeline, providing better revenue visibility over the medium term.
  • Prestigious Client Addition: Being the first order from NGEL, it positions Bondada as a trusted partner in NTPC's ambitious green energy goals, potentially leading to repeat business.
  • Alignment with National Goals: Contributes to India's target of 500 GW renewable capacity by 2030, supporting the transition to clean energy and reducing carbon emissions.

As India accelerates its solar power installations, projects like the 300 MW Lalitpur Solar PV initiative highlight the critical role of experienced EPC players like Bondada Engineering in delivering efficient, high-quality infrastructure.

Two solar-plus-storage and ESS tenders launched in India

The Broader Impact on India's Solar Energy Landscape

NTPC Green Energy Limited is at the forefront of India's renewable push, with aggressive plans to develop gigawatts of solar and wind capacity. The Lalitpur project is part of broader efforts in Uttar Pradesh to harness abundant sunlight for sustainable power generation.

For investors and stakeholders tracking Bondada Engineering stock or renewable energy trends, this order reinforces the company's robust growth trajectory in a sector poised for exponential expansion.

Stay tuned for updates on project progress and more Bondada Engineering latest news as this landmark solar initiative moves toward completion.

This development not only shines a spotlight on Bondada Engineering's capabilities but also exemplifies the bright future of solar power in India

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