Bondada Engineering Limited has become the talk of the stock market, with its shares hitting the upper circuit for the second consecutive day on November 17, 2023. This surge follows the company securing a substantial order from M/s. DINESH ENGINEERS LIMITED, reinforcing Bondada’s status in the engineering realm.
Significant Order Details
The lucrative contract, worth Rs. 32,72,62,026, entails supplying 40mtr Towers and necessary accessories. As per the contract, Bondada Engineering will deliver 300 units, distributing 200 to Ranchi, Jharkhand, and 100 to Raipur, Chhattisgarh. This order is a testament to Bondada’s expertise in Engineering, Procurement, and Construction (EPC) services.
Bondada Engineering’s Sectoral Prowess
Founded in 2012, Bondada Engineering has distinguished itself in the telecom and solar energy sectors, excelling in EPC and Operations & Maintenance (O&M) services.
State-of-the-Art Manufacturing Facility
The company’s manufacturing base in Keesara Mandal, Medchal, Telangana, is notable for its tower fabrication capability of 12 thousand MTPA.
Impressive Stock Performance
Since its listing on August 30, 2023, Bondada Engineering’s stock has provided stellar returns of 195 percent. The recent upper circuit lock-in highlights the market’s trust in the company’s strategic direction and operational prowess.
Transparency in Business Dealings
The absence of any involvement by the promoter/promoter group/group companies in the entity awarding the order emphasizes Bondada’s dedication to transparency and ethical business practices, making it a stock to watch for investors.
Important Information Table
| Aspect | Details |
|---|---|
| Company | Bondada Engineering Limited |
| Significant Order | From M/s. DINESH ENGINEERS LIMITED |
| Order Value | Rs. 32,72,62,026 |
| Supply Items | 40mtr Towers and Accessories |
| Delivery Locations | Ranchi (200 units), Raipur (100 units) |
| Industry Focus | Telecom and Solar Energy |
| Services Offered | Engineering, Procurement, and Construction (EPC), O&M |
| Manufacturing Capacity | 12 thousand MTPA in Tower Fabrication |
| Stock Performance | 195% return since listing on August 30, 2023 |
| Corporate Transparency | No influence from promoter/promoter group in the awarded contract |
🔍🏗 Bondada Engineering’s recent achievement and stock market performance underscore its potential as a noteworthy investment opportunity in the engineering sector.
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