Bondada Engineering touches roof on receiving LoI worth Rs 433.91 crore
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Bondada Engineering is currently trading at its upper circuit limit of Rs. 855.80, up by 40.75 points or 5.00% from its previous closing of Rs. 815.05 on the BSE.
The scrip opened at Rs. 855.80 and has touched a high and low of Rs. 855.80 and Rs. 855.80 respectively. So far 5600 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 949.95 on 23-Feb-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. 855.80 and Rs. 713.90 respectively. The current market cap of the company is Rs. 1848.70 crore.
The promoters holding in the company stood at 63.33%, while Institutions and Non-Institutions held 0.48% and 36.19% respectively.
Bondada Engineering has received a Letter of Intent (LoI) for grant of work order from the Singareni Collieries Company (SCCL), pertaining to contract of Design, Engineering, Supply, Construction, Erection, Testing & Commissioning of 67.5 MW (AC) (with 220 KV Evacuation voltage) capacity ground based Solar PV Power Plant and 10 years Plant O&M at Mandamarri Area, SCCL with gross order value amounting to Rs 433.91 crore.
Bondada Engineering is engaged in the business of providingservices and operations and maintenance (O&M) services to its pan Indiaengineering, procurement and construction (EPC) customers operating in telecom and solar energy industry.
