Engineering stock engaged in providing EPC and Q&M services to companies operating in telecom, solar energy, and infrastructure that has delivered a return of 1785 percent in 1 year, hit a 5 percent upper circuit upon receiving a work order worth Rs. 14.64 Crores.
With a market capitalization of Rs. 6,093.51 Crores, the shares of Bondada Engineering Limited hit a 5 percent upper circuit at Rs. 2,820.80, from its previous day’s close price of Rs. 2,686.50. It has delivered a multibagger return of 1785 percent in a year
Bondada Engineering Limited has received a new work order worth Rs. 14.64 Crores from Goldi Solar Private Limited for the Installation & Commissioning work of solar power plants and supply of Wattpower Inverter at Jambusar, Gujarat.
Bondada Engineering Limited provides engineering, procurement, and construction (EPC), operation, and maintenance (O&M) services to companies operating in telecom, solar energy, and infrastructure sector.
The company’s business segments include telecom towers, telecom Optic Fiber Cables, solar energy, and construction materials. As of 31st March 2024, the order book of the company stands at Rs. 1,747 Crores, and in the pipeline is Rs. 1260 Crores.
It has incorporated a wholly-owned subsidiary company “Bondada Green Engineering Pvt Ltd” which mainly deals with manufacturing of Solar MMS, Telecom towers, Telcom Poles, Transmission Towers, Crash Barriers, and industrial cable trays.
It has a huge customer base which consists of famous players like Reliance Jio, Bharti Airtel, BSNL, KEC International, Indus Towers, ITI, and many more.
It has worked on more than 11,600 telecom sites in 7 states in India and completed contracts worth more than Rs. 515 Crores in the last 3 Fiscals in Telecom Tower EPC and Solar EPC segment. Provided EPC services to 3,432.74 RKM of OFC and 198 MW of solar power Plant.
Its Revenue from operations grew by 116 percent from Rs. 371 Crores in FY23 to Rs. 801 Crores in FY24, accompanied by profits of Rs. 18 Crores to Rs. 46 Crores.
Written by: Bharath K.S
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