5:1 Stock Split & Rs 5,342 Crore Order Book: Solar Street Light Manufacturer Bags Order Worth Rs 1,08,90,02,500 From Bihar Renewable Energy Development Agency

The stock gave multibagger returns of 722 per cent from its 52-week low of Rs 74.01 per share.

Bondada Engineering Limited announced that it has been awarded a significant work order by the Bihar Renewable Energy Development Agency (a domestic entity). This project falls under the Mukhyamantri Gramin Solar Street Light Yojana in Bihar State and involves the design, supply, installation, testing, and commissioning of smart solar street light systems on existing electric poles. The contract also includes a comprehensive maintenance service for the next five years, with remote monitoring capabilities. The total value of the project stands at Rs 1,08,90,02,500 and must be completed within 18 months of the agreement's execution.

Additionally, Bondada Engineering Limited informs the exchange about the successful commissioning of its inaugural Independent Power Producer (IPP) Solar Project in Hyderabad, boasting a capacity of 2.80 MW (DC). Power generation has commenced, and Bharat Heavy Electricals Limited (BHEL) is the designated purchaser as per the 25-year Power Purchase Agreement (PPA). The company has received a Commissioning Certificate from BHEL, confirming the 100 per cent completion of the Solar PV Power Project. Furthermore, a Board meeting is scheduled for Saturday, December 7, 2024, to deliberate on a proposal to raise funds through the issuance of equity shares or other eligible securities, including debentures, non-convertible debt instruments, warrants, convertible debentures, or other equity-based instruments, in one or more tranches, via public or private offerings, preferential issue, qualified institutional placement, or other suitable methods, subject to regulatory approvals and shareholder consent where necessary.

Earlier, 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 6,400 crore and the order book as of October 2024, stands at Rs 5,342 crore. The stock gave multibagger returns of 722 per cent from its 52-week low of Rs 74.01 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.