Gujarat Industries Power Company Limited (GIPCL) has issued a Letter of Intent (LoI) to Bondada Engineering Limited for a 20 MW/120 MWh Battery Energy Storage System (BESS) project following approval from Gujarat Urja Vikas Nigam Limited (GUVNL). In a regulatory filing dated October 17, 2026, GIPCL confirmed that Bondada Engineering, Hyderabad, accepted the LoI through […]