Bondada Engineering moves up on incorporating subsidiary company
Bondada Engineering is currently trading at Rs. 281.95, up by 2.20 points or 0.79% from its previous closing of Rs. 279.75 on the BSE.
The scrip opened at Rs. 282.95 and has touched a high and low of Rs. 285.00 and Rs. 278.15 respectively. So far 75200 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 2 has touched a 52 week high of Rs. 503.00 on 28-Oct-2025 and a 52 week low of Rs. 215.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 289.75 and Rs. 273.15 respectively. The current market cap of the company is Rs. 3139.09 crore.
The promoters holding in the company stood at 61.52%, while Institutions and Non-Institutions held 0.65% and 37.82% respectively.
Bondada Engineering has incorporated subsidiary company by name PhotonicGrid Networks under the Companies Act, 2013.
PhotonicGrid has been incorporated with the objective of building, owning, operating and maintaining fibre optic infrastructure networks and allied telecommunications infrastructure in India. The proposed network infrastructure will include multi-route fibre optic cable networks, dark fibre and duct infrastructure, data transmission systems, secured networks for special purposes, data centre interconnectivity, AI data-centre connectivity and other digital infrastructure solutions.
The network infrastructure and associated managed services are proposed to be offered on long-term contracted arrangements to customers including hyperscalers, AI Companies, neocloud operators, data centre operators, telecom service providers and large enterprises, etc., subject to applicable regulatory approvals and commercial arrangements.
