Synopsis: Bondada Engineering’s stock gained 4% after the company secured a Rs. 465 crore MAHAGENCO contract for a 100 MWAC solar EPC project, strengthening its renewable energy portfolio and highlighting its expanding execution capabilities in large-scale infrastructure.
This company provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry is now in the focus after it secured a contract worth Rs. 465 crore.
With market capitalization of Rs. 4,598 cr, the shares of Bondada Engineering Ltd are currently trading at Rs. 414.55 per share, increasing more than 4% in today’s market session, making a high of Rs. 423, from its previous close of Rs. 403.55 per share.
About the order
Bondada Engineering Limited has announced the receipt of a prestigious Letter of Award (LoA) from Maharashtra State Power Generation Company Limited (MAHAGENCO) for the execution of an integrated 100 MWAC Solar EPC project coupled with land procurement.
As the Lead Member of the consortium, the company will be responsible for identifying, acquiring, and developing the required land, along with end-to-end engineering, procurement, and construction activities.
The scope includes design, manufacturing, inspection, logistics, civil and electrical works, installation, operational acceptance testing, commissioning, and performance demonstration of a high-efficiency Mono-Crystalline PV technology–based solar power plant at Village Jiwachiwadi in Beed district, Maharashtra.
The project also involves setting up the power evacuation system up to the MSETCL/MSEDCL sub-station and includes three years of comprehensive operations and maintenance after successful commissioning.
Valued at Rs. 465 crore, the fully domestic EPC contract is to be completed within 450 days from the acceptance of the LoA. This milestone significantly reinforces Bondada Engineering’s growing footprint in India’s renewable energy EPC sector, showcasing its robust technical expertise, strong execution capabilities.
About the company
Bondada Engineering Ltd is a Hyderabad-based infrastructure company (founded in 2012) that offers engineering, procurement & construction (EPC) and operations & maintenance (O&M) services, primarily in telecom and renewable-energy (solar) sectors.
The company reports a strong ROCE of 39.5% and an ROE of 36.2%, with a comfortable debt-to-equity ratio of 0.41. It has delivered impressive profit growth, recording a 61.2% CAGR over the past five years. The firm also maintains a solid return-on-equity track record, with a 3-year average ROE of 35.1%.
Sales surged by 153% to Rs. 1,217 crore in Q2FY26 from Rs. 481 crore a year earlier, while EBITDA jumped to Rs. 143 crore. Net profit rose 151% to Rs. 92.6 crore compared to Rs. 36.9 crore in Q2FY25. EPS also improved significantly, increasing to Rs. 8.04.
Written by Manideep Appana
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