Bondada Engineering touches roof on receiving LoA from NLC India
Bondada Engineering is locked at its upper circuit limit of Rs. 2320.80, up by 110.50 points or 5.00% from its previous closing of Rs. 2210.30 on the BSE.
The scrip opened at Rs. 2320.80 and has touched a high and low of Rs. 2320.80 and Rs. 2320.80 respectively. So far 7200 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,320.80 on 06-Jun-2024 and a 52 week low of Rs. 142.50 on 30-Aug-2023.
Last one week high and low of the scrip stood at Rs. 2320.80 and Rs. 1950.00 respectively. The current market cap of the company is Rs. 5013.41 crore.
The promoters holding in the company stood at 63.33%, while Institutions and Non-Institutions held 0.95% and 35.72% respectively.
Bondada Engineering has received a Letter of Award (LoA) from NLC India for Balance of System (BOS) work for setting up 600MW Grid Connected Solar Power Project including the O&M for three years after SCOD at Khavda, Gujrat amounting to Rs 939 crore (Including GST). The said contract is expected to be completed in 15 months.
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.
