Bondada Engineering soars on signing framework agreement with Adani Group
Bondada Engineering is currently trading at Rs. 418.35, up by 5.35 points or 1.30% from its previous closing of Rs. 413.00 on the BSE.
The scrip opened at Rs. 412.20 and has touched a high and low of Rs. 423.00 and Rs. 402.15 respectively. So far 331400 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 2 has touched a 52 week high of Rs. 719.50 on 12-Dec-2024 and a 52 week low of Rs. 330.00 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 434.70 and Rs. 390.00 respectively. The current market cap of the company is Rs. 4678.56 crore.
The promoters holding in the company stood at 61.55%, while Institutions and Non-Institutions held 1.54% and 36.92% respectively.
Bondada Engineering has signed framework agreement with Adani Group to mark the beginning of a Strategic Design and Construction Partnership in renewable energy. As the first tranche under this five-year Strategic Partnership Framework, an order for 650 MW solar energy works was recently awarded to Bondada Engineering by Adani Green Energy.
Adani Group has ambitious plans to play a significant role in turning the vast stretches of barren land in the Khavda region of Kutch district into green powerhouse of the nation under GoI’s RE Mission by setting up the world’s largest RE plant of 30 GW capacity in their Khavda RE park, for which Adani Group selected Bondada Group as their strategic design and construction partner. This agreement is a befitting recognition to Bondada Engineering’s rapid strides in the RE sector and emergence as a major solar energy player in the national renewable energy space.
Bondada Engineering is engaged in the business of providing engineering, procurement and construction (EPC) services and operations and maintenance (O&M) services to its pan India customers operating in telecom and solar energy industry.
