5:1 Stock Split & Rs 5,342 Crore Order Book: Solar Company Bags New Order Worth Rs 88,49,76,223 From KPI Green Energy Ltd

The stock gave multibagger returns of 477 per cent from its 52-week low of Rs 110.40 per share.

Bondada Engineering Limited (BONDADA) has received a significant work order from KPI Green Energy Limited, a domestic entity. This contract, valued at Rs 88,49,76,223 (including GST), mandates BONDADA to provide crucial BOS (Balance of System) items and associated services. These services are integral to the execution of Engineering, Procurement, and Construction (EPC) works undertaken by KPI Green Energy at three distinct locations: Vagra, Amod, and Rajkot.  

The scope of this contract necessitates BONDADA to diligently fulfil its obligations within a stipulated timeframe of 90 days from the date of receiving the purchase order. This substantial order underscores the growing prominence of BONDADA in the renewable energy sector and signifies a significant step forward in their business trajectory.

Furthermore, the shares of the company ex-traded stock split in the ratio 5:1 on September 02, 2024, i.e., the existing 1 equity share of the company having a face value of Rs 10 each fully paid-up shall be sub-divided/split into 5 equity shares having a face value of Rs 2 each fully paid-up.

Incorporated in 2012, Bondada Engineering Limited provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry. The company has a market cap of over Rs 6,600 crore and the order book as of October 2024, stands at Rs 5,342 crore. The stock gave multibagger returns of 477 per cent from its 52-week low of Rs 110.40 per share. The company's shares have an ROE of 37 per cent and an ROCE of 35 per cent. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.