Bondada Engineering Ltd's shares surged by 5%, locking in at ₹627.60 on Friday, September 27, 2024. This sharp rise in the share price followed the announcement of a significant order worth ₹468 crore from KPI Green Energy, further solidifying Bondada's growing influence in the energy and infrastructure sectors.
This development has sparked investor interest, highlighting the potential to invest in stocks that show long-term growth potential, like Bondada.
Details of the ₹468-crore order
According to a recent exchange filing, Bondada Engineering secured a major work order from KPI Green Energy. Under the contract, Bondada will supply materials for a 130 MWp/100 MWac solar power generation plant and oversee the installation of the plant as well. The order is valued at approximately ₹468 crore and is expected to be completed within 12 months.
This strategic partnership between Bondada and KPI Green Energy is a key milestone for both companies, further positioning Bondada as a company worth considering if you plan to invest in stocks within the renewable energy sector.
Bondada's stock performance
Bondada's shares have experienced remarkable growth in 2024. Over the past six months, the stock has risen by more than 260%, and since the beginning of the year, it has skyrocketed by over 650%. The stock has seen its 52-week range fluctuate between ₹33.10 and ₹753.98, a testament to its explosive growth and increasing market confidence.
Such performance makes Bondada an attractive option for those looking to invest in stocks with a high return on investment (ROI) potential.
Bondada's expertise in telecom and energy infrastructure
Bondada Engineering is renowned for its expertise in passive telecom infrastructure. The company offers a comprehensive suite of services, including the construction, installation, and maintenance of telecom towers.
Its integrated solutions cover civil, electrical, and mechanical works, the supply of poles and towers, and the laying of optical fibre cables. Bondada has also supplied power equipment to key telecom firms and tower operators in India.
With its impressive track record, the company continues to stand out as a promising candidate for anyone looking to invest in stocks tied to both the telecom and energy sectors.
Impressive operational milestones
To date, Bondada Engineering has installed over 11,600 telecom towers and poles, with 7,700 installations completed in just the last three fiscal years. Additionally, the company provides ongoing maintenance services to telecom and tower operators, ensuring the smooth operation of passive infrastructure, equipment, and backup power systems.
The company’s extensive involvement in critical infrastructure projects and its capacity to deliver large-scale solutions make it a compelling opportunity for investors who seek to invest in stocks that are infrastructure-driven.
Strategic manufacturing capabilities
Bondada's manufacturing facility is located in Keesara Mandal, Medchal, Telangana, with an installation capacity of 12,000 metric tons per annum (MTPA) for tower fabrication. This well-positioned facility strengthens the company’s ability to meet the growing demand for telecom and renewable energy infrastructure in India.
This strategic capability enhances Bondada’s appeal to investors aiming to invest in stocks that leverage both innovation and operational efficiency.
Market capitalisation and current trading
As of the latest trading update, Bondada Engineering boasts a market capitalisation of ₹6,778 crore. At 10:47 AM on Friday, Bondada’s shares remained locked in the 5% upper circuit, reflecting continued investor confidence. In comparison, the BSE Sensex was trading 0.10% higher at 85,920.90.
With such a strong market position and steady growth, Bondada Engineering is emerging as a solid option for those interested in diversifying their portfolio and investing in stocks in dynamic, growth-driven industries.
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