Rs 16,30,22,208 order win: This multibagger telecom infrastructure stock bags 3 new orders; stock gains over 1,800 per cent in less than one year!
Shares of the company have gained more than 350 per cent in the last six months.
Bondada Engineering Limited (BONDADA) has secured new work orders from both domestic and international clients. They received an order from Bharti Airtel Limited for the supply of galvanized iron poles worth Rs. 1.71 crore to Tamil Nadu. This signifies continued trust from established domestic players.
Additionally, Bondada Green Engineering Private Limited (BGEPL), a subsidiary of Bondada, has secured two significant contracts. The first domestic order comes from Svojas Power Private Limited for fabrication and supply of towers and parts, valued at Rs. 4.99 crore, for a project in Jharkhand. This order requires completion within 2 months of receiving the work order.
Most importantly, BGEPL has secured its first international work order from GameChange Solar, a renowned player in the global renewable energy sector. This order involves supplying solar module mounting structures worth approximately Rs. 9.6 crore to the United States. The project needs to be completed within 14 weeks of receiving the work order.
This international order marks a major milestone for Bondada, signifying their expansion into the global market and strengthening their international presence. It's also the first time the entire Bondada Group has ventured into the international market, opening doors for future endeavors.
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.