Rs 1,747 crore order book and 1,800 per cent multibagger returns: This telecom infrastructure stock bags new order worth Rs 14,64,85,436!

Shares of the company have gained more than 600 per cent in the last six months.

Bondada Engineering Limited (BONDADA) has secured a domestic work order valued at Rs. 14,64,85,436 from M/s. GOLDI SOLAR PRIVATE LIMITED. This project involves the installation and commissioning of solar power plants along with the supply of Wattpower Inverters in Jambusar, Gujarat. This significant win highlights BONDADA's expertise in solar power plant installation and strengthens their position in the domestic renewable energy sector.

Recently, Bondada Engineering also secured a domestic order from Bharti Airtel Limited for the supply of galvanized iron (GI) poles. These poles will be 6 meters tall, weigh 60kg each, and will not include a base. The order value is Rs. 2,05,32,000 and is designated for Tamil Nadu.

The company posted strong half-yearly Results. The revenue of the company for H2FY24 stood at Rs 505.00 crore which grew by 99.11 per cent YoY. The operating profit of the company stood at Rs 49.67 crore, while the PAT of the company stood at Rs 31.44 crore, representing a substantial growth of 145.88 per cent YoY. The stock has delivered over 1,800 per cent returns in less than one year.

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 provides passive telecom infrastructure services which include cell site construction, erection, operation, and maintenance of telecom towers with civil, electrical, and mechanical works. The company has a total order book of Rs 1,747 crore.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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