Mutibagger Engineering Stock engaged in providing EPC and Q&M services to companies operating in telecom, solar energy, and infrastructure hit a 5 percent upper circuit in the day’s trade upon receiving an order worth Rs. 20.36 Crores from Sundrops Energia Private Limited.
With a market capitalization of Rs. 1,832 Crores, the shares of Bondada Engineering Limited hit a 5 percent upper circuit at Rs. 847.70. It has delivered multibagger returns of 466 percent in a year.
Bondada Engineering Limited has received an order worth Rs. 20.36 Crores from Sundrops Energia Private Limited to supply solar PV Module Monocrystalline BI Facial, supply of string inverter 275 KW, and provide EPCC services for solar power plant as per the agreement. The order has to be executed on or before May 5, 2024.
Bondada Engineering Limited provides engineering, procurement, and construction (EPC), operation, and maintenance (O&M) services to companies operating in telecom, solar energy, and infrastructure.
The company’s business segments include telecom towers, telecom Optic Fiber Cables, solar energy, and construction materials. As of FY23-24 H1, the order book of the company stands at Rs. 1,695Crores.
It has a huge customer base which consists of famous players like Reliance Jio, Bharti Airtel, Indus Towers, ITI, BSNL, KEC International, 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 10.92 percent from Rs. 334.11 Crores in FY22 to Rs. 370.59 Crores in FY23, accompanied by increasing profits of Rs. 10.14 Crores to Rs. 17.85 Crores.
Written by: Bharath K.S
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