Multibagger in just six months and Rs 1,695 crore order book: This micro-cap construction company bags new order worth Rs 18,04,30,756 from BSNL!

The stock has gained over 170 per cent since listing in August this year.

Bondada Engineering received an order from BSNL for outsourcing SLA-based maintenance of OFC, GPON Equipment, and Bharatnet Network in Assam, NE-1, and NE-2 telecom circles for Rs. 18.04 crore. The contract is domestic and will be executed within 1 year.

This is a significant order for Bondada Engineering and will help to strengthen the company's position in the telecom infrastructure market. The company is well-positioned to execute this project successfully and deliver high-quality services to BSNL.

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Recently, Bondada Engineering has secured a Rs 34.36 crore contract from Bharat Sanchar Nigam Limited (BSNL) to provide infrastructure as a service (IaaS) for the supply and erection of GBT, infrastructure as a service provider (IaaSP) for the supply and installation of infrastructure items, and subsequent operation and maintenance (O&M) for five years in Lakshadweep.

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 installed over 11,600 telecom towers and poles out of which, 7,700 telecom towers and poles were installed in the last three years. The company’s manufacturing facility is located in Keesara Mandal, Medchal, Telangana, with an installation capacity of 12 thousand MTPA for tower fabrication. The company has an order book of Rs 1,695 crore.

The stock has also delivered multibagger returns of over 170 per cent since listing. Investors should keep a close eye on this stock.

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