Synopsis:
Bondada Green Engineering Private Limited, a subsidiary company of Bondada Engineering Limited, has received a Letter of Intent (LOI) from JMR Clean Energy Private Limited for the supply of Column Post and MMS Galvalume for MSEDCL Solar Projects.
This company provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services is now in the focus after its subsidiary secured an order from JMR Clean Energy for solar components.
With market capitalization of Rs. 4,726 cr, the shares of Bondada Engineering Ltd are currently trading at Rs. 422 per share, increasing 3.6% from today’s low of Rs. 411.15 to high of Rs. 426, from its previous closing of Rs. 416.90 per share.
Fresh order
Bondada Engineering Limited, through its subsidiary Bondada Green Engineering Private Limited, has received a Letter of Intent (LOI) from JMR Clean Energy Private Limited for the supply of Column Posts and MMS (Module Mounting Structures) made of Galvalume material, including purlins, rafters, and bracing.
The project, valued at approximately Rs. 13.29 crore (inclusive of GST), pertains to MSEDCL Solar Projects and is expected to be completed within 90 days from the receipt of the work order. The order has been awarded by a domestic entity, and there is no promoter or related party interest involved.
This development highlights Bondada Engineering’s growing presence and credibility in the renewable energy infrastructure sector, reinforcing its commitment to supporting India’s clean energy mission.
About the company
Bondada Engineering Limited is a Hyderabad-based infrastructure and engineering company specializing in telecom, solar, and power sectors. The company provides comprehensive engineering, procurement, and construction (EPC) services, along with operations and maintenance (O&M) support for large-scale infrastructure projects.
The Bondada Group has grown into a Rs. 4,700 crore enterprise with 2,500 professionals and an order book of Rs. 15,000 crore. Its leadership now aims to achieve $1 billion in revenue and 25 GW of renewable energy capacity by 2030, emphasizing sustainability and innovation.
Sales of the company increased from Rs. 801 cr in FY24 to Rs. 1,571 cr in FY25. Operating profit rose to Rs. 175 cr from Rs. 68 cr. Net profit significantly increased from Rs. 46 cr to Rs. 115 cr during the same period.
The company’s ROCE stands at 39.5%, while ROE is 36.2%. It has delivered strong profit growth, recording a 61.2% CAGR over the past five years. It also maintained a robust ROE track record, with a three-year average of 35.1%.
Written by Manideep Appana
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