The shares of this infrastructure EPC-based company surged over 9 percent on Tuesday after the company announced that it had secured a work order worth Rs 204 crores. In this article, we will look at the details of the order.
With a market capitalization of Rs 5,469 crore, the shares of Bondada Engineering Ltd are currently trading at Rs 498 per share, down by 34 percent from its 52-week high of 753.98 per share. In the last one year, the stock has delivered an impressive return of 38 percent.
About the order
Bondada Engineering announced that it has bagged a Letter of Award (LOA) from Telangana Power Generation Corporation Ltd (TGGENCO) to set up a 100 MWh Battery Energy Storage System (BESS) in Shankarpally, Telangana.
The project, valued at Rs 204.20 crore (including GST), will be executed under a Build-Own-Operate (BOO) model with some viability gap funding. The company aims to wrap up the project within 18 months after signing the Power Purchase Agreement, and it’s set to operate for 12 years.
This comes back after the company, on May 23, 2025, announced that it has bagged a remarkable order worth Rs 9,000 crore from the Government of Andhra Pradesh Energy Department for the allocation of 2000 MW AC / 2600 MWp DC Solar Power capacity at various locations across Ananthapuramu and Sri Sathya Sai districts.
Bondada Engineering Limited provides EPC and O&M services anywhere in India in the telecom and renewable energy industries. In telecom, Bondada provides design services, tower maintenance services and fiber route/ fibre optic facility service. In renewable energy- (solar), it coordinates and executes the entire scope of a solar power plant, from project inception, EPC, installation and commissioning. In addition the firm can carry out civil & electrical EPC interfaces and offer continuous operational technical maintenance inspections and management.
Written by Satyajeet Mukherjee
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