Bondada Engineering (BEL) has acquired a 60% equity stake in Onix IPP, which entitles the company to a controlling interest in a 225 MW solar power project in Maharashtra, under the Mukhyamantri Saur Krushi Vahini Yojana 2.0.Onix IPP is a special purpose vehicle formed to implement an aggregate 225 MW solar power project as an independent power producer under the Mukhyamantri Saur Krushi Vahini Yojana, for implementation of feeder-level solarization of grid-connected agricultural pumps under Component C of the PM-KUSUM program.
