Mutibagger Engineering Stock that has delivered 458 percent returns in 6 months, engaged in providing EPC and Q&M services to companies operating in telecom, solar energy, and infrastructure jumped 3 percent in the day’s trade upon receiving a work order worth Rs. 81.34 Crores from NLC India Limited.
With a market capitalization of Rs. 1,983 Crores, the shares of Bondada Engineering Limited were trading at Rs. 918, up 2.58 percent from its previous day’s close price of Rs. 894.90.
Bondada Engineering Limited has received a new work order worth Rs. 81.34 Crores from NLC India Limited for the Balance of System (BOS) work for a 50 MW Solar Power Project including the operation & maintenance for three years and the project is to be executed within 15 months.
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 FY23-24 H1, the order book of the company stands at Rs. 1,695 Crores.
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 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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