Bondada Engineering witnessed a nearly 3 percent intraday surge on February 29th following the announcement of securing an order valued at Rs 81 crore from NLC India Limited.
The order entails Balance of System (BOS) work for a SOMW solar power project, inclusive of a three-year Operation and Maintenance (O&M) commitment, totaling Rs 81,34,02,405 (inclusive of GST). The project is slated for completion within 15 months from the issuance of the Letter of Award (LOA).
Previously, in February 2024, the company had secured a work order from Sundrops Energia Private Limited for supplying equipment for a solar power plant, with an order value of Rs 4,93,17,121 (inclusive of GST).
Bondada Engineering’s stock hit a 52-week high of Rs 949.95 and a low of Rs 75.00 on February 23, 2024, and August 28, 2023, respectively. Currently, it trades approximately 3.36 percent below its yearly high and 1124 percent above its yearly low.
Over the last six months, the company’s share price has surged by more than 500 percent.
