Engineering stock jumps 5% after it receives 2 orders worth ₹8 CrEngineering stock jumps 5% after it receives 2 orders worth ₹8 Cr

Introduction:

Engineering stock has secured two significant work orders for energy-efficient lighting projects. The contracts involve supplying LED and solar street lights, emphasizing sustainability. These projects, worth over ₹8 crore, will enhance infrastructure while showcasing the company’s expertise in large-scale engineering solutions.

Share Price movement of Bondada Engineering:

On February 4, 2025, Bondada Engineering Ltd opened at ₹484.95, rising from its previous close of ₹472.55. The stock surged to a high of ₹496.15 and dipped to a low of ₹479.00. It closed at ₹495.90, gaining 4.94%, with a market cap of ₹5,356.23 crore.

Bondada Engineering receives new orders:

Bondada E&E Private Limited, a subsidiary of the company, received a work order from Andhra Pradesh State Energy Efficiency Development Corporation Ltd and AP Power Generation Corporation Ltd. The order involves supplying LED street lights and LED panel lights for Nellore Municipal Corporation. The total contract value is ₹1.03 crore, to be executed within nine days.  

Another work order was awarded by Landsky Engineers Pvt. Ltd for the supply of 20W solar street lights with standard accessories. This contract is valued at ₹6.98 crore and must be completed within 90 days from the purchase order receipt. Both contracts emphasize energy efficiency and sustainable lighting solutions.  

Both orders are from domestic entities and are unrelated to any promoter or group company interests. These contracts strengthen Bondada E&E’s presence in the renewable energy and LED lighting segment, showcasing its ability to execute large-scale projects within stipulated timelines while supporting infrastructure development.

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Recent news About Bondada Engineering :

On December 5, 2024, Bondada Engineering Ltd. secured a ₹108.9 crore contract from the Bihar Renewable Energy Development Agency. The project involves the design, supply, installation, and maintenance of smart solar street light systems across Bihar, to be completed within 18 months. 

Ace investor holding of  Bondada Engineering:

Umamaheswararao Dutta holds 4,750,000 shares in Bondada Engineering Ltd., representing 4.40% ownership, valued at ₹235.6 crore. His holdings have remained unchanged from the previous quarter, reflecting strong confidence in the company’s growth.  

Venkata Durgaprasad Marumokham owns 2,850,000 shares in Bondada Engineering Ltd., accounting for 2.64% stake, with a total valuation of ₹141.3 crore. His shareholding remains stable, indicating a strategic investment approach.

Stock performance of Bondada Engineering for Period of 1 week, 6 months and 1 year:

Bondada Engineering’s stock declined 4.63% over the past week, reflecting short-term volatility. Over the last six months, it dropped by 15.7%, indicating a challenging phase. However, the one-year return stands at an impressive 202%, showcasing significant long-term growth despite recent fluctuations.

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Shareholding pattern of Bondada Engineering:

Summary	Dec-24	Sep-24	Jun-24
Promoter	63.30%	63.30%	63.30%
FII	1.00%	0.80%	0.60%
DII	0.00%	0%	0%
Public	35.60%	35.90%	36.10%

About Bondada Engineering:

Bondada Engineering Ltd (BSE: BONDADA) specializes in infrastructure development, offering services in telecom, renewable energy, and civil construction. The company focuses on sustainable solutions, including solar power projects and tower installation, ensuring high-quality execution and innovation in engineering across various industries and sectors.

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.