Introduction:
Infra stock secured a ₹108.9 crore order from Bihar Renewable Energy Development Agency for solar street lights. This project highlights its expertise in renewable energy and infrastructure, reinforcing transparency, SEBI compliance, and alignment with sustainable development goals.
Share Price movement of Bondada Engineering Ltd:
On December 5, 2024, Bondada Engineering Ltd (BSE:BONDADA) current price stood at ₹600.15, reflecting a 1.90% rise. The stock opened at ₹608.80, hit an intraday high of ₹608.80, and a low of ₹594.80, with a market capitalization of ₹6,482.24 crore.
Bondada Engineering’s new order:
Bondada Engineering Limited received a ₹108.9 crore work order from Bihar Renewable Energy Development Agency under the Mukhyamantri Gramin Solar Street Light Yojana. The project involves designing, supplying, installing, and maintaining smart solar street lights on existing electric poles for five years.
The contract is domestic and will be executed on an EPC basis, including remote monitoring systems. The project is expected to be completed within 18 months, reflecting the company’s technical expertise and growing footprint in renewable energy and infrastructure development.
The company confirmed no related party involvement, emphasizing transparency and compliance with SEBI regulations. This project strengthens its role in renewable energy and infrastructure, aligning with sustainable development goals.
Recent news About Bondada Engineering Ltd:
On November 15, 2024, Bondada Engineering Ltd announced plans to expand its renewable energy portfolio by investing in new solar and wind power projects across India. This initiative aims to enhance sustainable infrastructure and contribute to the nation’s green energy goals.
Ace investor holding of Bondada Engineering Ltd:
Ace investor Umamaheswararao Dutta holds a 4.40% stake in Bondada Engineering Ltd, owning 4,750,000 shares valued at ₹284.3 crore at the current price of ₹598.50, reflecting stable confidence in the company’s potential.
Stock performance of Bondada Engineering Ltd for Period of 1 week, 6 months and 1 year:
Bondada Engineering has delivered remarkable stock performance. Over the past week, it gained 4.08%. In six months, the stock surged 42.4%, and over the past year, it achieved an extraordinary return of 648%, reflecting strong investor confidence.
Read More: Smallcap stock jumps after it monetizes 11 acres of land in Hyderabad for ₹142 Cr
Shareholding pattern of Bondada Engineering Ltd:
| Summary | Sep-24 | Sep 02, 2024 | Jun-24 |
| Promoter | 63.30% | 63.30% | 63.30% |
| FII | 0.80% | 0.80% | 0.60% |
| DII | 0% | 0% | 0% |
| Public | 35.90% | 35.90% | 36.10% |
About Bondada Engineering Ltd:
Bondada Engineering Ltd specializes in infrastructure services, including telecom tower construction, renewable energy projects, and smart city solutions. With expertise in design, execution, and maintenance, the company supports sustainable growth and technological advancements across diverse sectors in India.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
