Rs 1,747 crore order book and 1,700 per cent returns: This multibagger telecom infrastructure stock bags new order worth Rs 19.84 crore!
Shares of the company have gained more than 250 per cent in the last six months.
Bondada Engineering Limited announced an upward revision to a work order from GameChange Solar, a US-based company. The revised order grants Bondada Green Engineering Private Limited (BGEPL), a subsidiary of Bondada Engineering, the supply of Solar Module Mounting Structures (MMS) for a total value of USD 23,70,906 (approximately Rs 19.84 crore). This international contract requires BGEPL to complete the delivery within 14 weeks of receiving the official work order. The news signifies a positive development for Bondada Engineering, highlighting its subsidiary's capabilities in the solar energy sector.
Recently, Bondada Engineering Limited 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 a significant contract. This 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. The stock has gained more than 1,700 per cent is less than one year.
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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.