A powerful order and 5% climbing Bondada Engineering shares, the higher circuit

A powerful order and 5% climbing Bondada Engineering shares, the higher circuit
Bondada Engineering Inventory Value: Engineering, Procurement and Development (EPC) Sector firm Bondada Engineering shares rose 5 p.c on BSE on June 24. The worth reached Rs 466.30 and the higher circuit was imposed. The necessary purpose for the increase was that the corporate has acquired a letter of acadens (LOA) for putting in battery vitality system (BESS) from Tamil Nadu Inexperienced Power Company Restricted (TNGECL). Within the frequent language, the corporate has received a contract, which is value Rs 836 crore. It’s the highest storage capability order of Bodada Engineering in BESS. Beneath the Progress, a standalone grid scale bess facility might be arrange with a complete capability of 400 MW in Vellal Vidhiututi and Theinamapatti in Tamil Nadu. The venture might be executed below the build-on-operate (BOO) mannequin. This contract is to be executed inside 18 months from the examination of the battery vitality storage buy settlement. 133 p.c in a 12 months, the market cap of Bondada Engineering Bondada Engineering has elevated to Rs 5100 crore. The corporate had a 63.34 p.c stake within the firm until the top of March 2025. Based on BSE knowledge, the share value has risen 133 p.c in a 12 months. On the similar time, it has weakened about 50 p.c in 3 months and within the 12 months 2025 to date. The inventory got here down 13 p.c in only one week. The IPO of Bondada engineering got here in August 2023 and subscribed to greater than 112 instances. The inventory was listed at Rs 142.50 with a 90 p.c premium on 30 August 2023 on BSE SME. The corporate gives EPC providers and O & M providers to operational corporations within the telecom and photo voltaic vitality trade. Within the 12 months 2025, a worthwhile of Rs 115 crore within the 12 months 2024-25 was a consolidated income of Rs 1571.37 crore from the Bondada engineering operations within the 12 months 2024-25. A 12 months in the past it was Rs 800.72 crore. The web revenue was recorded at Rs 115.36 crore, which was Rs 46.31 crore in FY 2024. In Bazar at this time, JM Monetary made bets on these 3 F&O calls, recommended low-cost choice on Kotak Mahindra Financial institution Disclaimer: Right here info is being supplied right here. It’s needed to say right here that the funding market out there is topic to dangers. At all times seek the advice of specialists earlier than investing cash as an investor. There may be by no means recommendation to anybody to speculate cash on behalf of Moneycontrol.

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