Rs 316,82,95,398 order win from Reliance Projects: This multibagger telecom infrastructure stock bags new order; stock gains over 1,650 per cent in less than one year!
Shares of the company have gained more than 400 per cent in the last six months.
Bondada Engineering's subsidiary, Bondada Managed Services, secured a domestic contract worth Rs 316.83 crore from Reliance Projects. This three-year contract, starting July 1st, 2024, covers operations and maintenance (O&M) services for Reliance's facilities, fiber & FTTx network, and towers. The yearly contract value is Rs 105.6 crore (including GST). This significant win for Bondada highlights its expertise in O&M services and strengthens its position in the infrastructure sector.
Recently, Bondada Engineering Limited 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.
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 1,650 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.
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