204 per cent Stock Rally! Company Secures Rs 6.98 Crore Solar Light Contract
Strong RoCE & RoE signal financial strength and investor confidence
New Solar Street Light Order from Landsky Engineers
Bondada E&E Private Limited, a subsidiary of Bondada Engineering Limited, has received a work order worth Rs 6.98 crore (including GST) from Landsky Engineers Pvt. Ltd. The order includes the supply of 20W solar street lights with standard accessories. The contract is to be executed within 90 days from the date of receipt.
LED Street Light Orders from Andhra Pradesh Entities
Bondada E&E has also secured work orders from Andhra Pradesh State Energy Efficiency Development Corporation Ltd (APSEEDCO) and Andhra Pradesh Power Generation Corporation Ltd (APGENCO). The order, valued at Rs 1.03 crore (including GST), includes the supply of 30W-32W and 70W-75W LED street lights in Nellore Municipal Corporation, Andhra Pradesh, along with LED panel lights. The contract is to be completed within 9 days from the date of receipt.
About Bondada Engineering Limited
Incorporated in 2012, Bondada Engineering Limited provides engineering, procurement, and construction (EPC) services, along with operations and maintenance (O&M) services, for companies in the telecom and solar energy sectors. The company specializes in sustainable infrastructure solutions, ensuring efficient execution of large-scale projects.
Stock Performance & Financial Strength
Bondada Engineering has delivered exceptional returns, with the stock surging 204 per cent in the last year. As of February 5, 2025, the company’s market capitalization stands at Rs 5,411 crore. It boasts strong profitability metrics, with a Return on Capital Employed (RoCE) of 35.5 per cent and a Return on Equity (RoE) of 37.2 per cent.
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Strengthening Presence in Energy Efficiency
These contracts reinforce Bondada E&E’s position as a key player in energy-efficient lighting solutions. The company continues to expand its footprint by providing high-quality LED and solar-powered lighting systems for municipal and industrial projects.
With growing demand for sustainable energy solutions, Bondada E&E’s recent order wins highlight its commitment to innovation and efficiency in the infrastructure and power sectors.
Disclaimer: The article is for informational purposes only and not investment advice.