11-10-2024 11:48 AM | Source: Accord Fintech
Bondada Engineering surges on securing orders worth Rs 1132.25 crore

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Bondada Engineering is currently trading at Rs. 619.95, up by 16.05 points or 2.66% from its previous closing of Rs. 603.90 on the BSE.

The scrip opened at Rs. 610.00 and has touched a high and low of Rs. 634.05 and Rs. 598.80 respectively. So far 672000 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 2 has touched a 52 week high of Rs. 753.98 on 28-Aug-2024 and a 52 week low of Rs. 40.60 on 12-Oct-2023.

Last one week high and low of the scrip stood at Rs. 634.05 and Rs. 495.70 respectively. The current market cap of the company is Rs. 6684.76 crore.

The promoters holding in the company stood at 63.33%, while Institutions and Non-Institutions held 0.60% and 36.07% respectively.

Bondada Engineering has received Letter of Award from Maharashtra State Power Generation Company (MAHAGENCO) for bulk work orders worth Rs 1132.25 crore. The first order is EPC contract with the scope of design, engineering, supply, erection, testing and commissioning of Crystalline Ground mounted solar PV power plant under MSKVY 2.0 scheme including 3 years Operation & Maintenance on EPC basis at 33/11 kv across various districts of Maharashtra State amounting to Rs 763.16 crore including GST.

The another order is EPC contract for design, engineering, supply (except PV module), unloading of PV modules at the site supplied by MAHAGENCO, erection, testing and commissioning of Crystalline Ground mounted solar PV technology grid interactive distribution agriculture feeder solarization by solar PV power plant under MSKVY 2.0 scheme including 3 years Operation & Maintenance on EPC basis at 33/11 kv across various districts of Maharashtra State amounting to Rs 369.08 crore including GST.

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.