look news india
Bondada Engineering Shares: The shares of Bondada Engineering witnessed a strong rally during intraday trading in the stock market today on Friday. The company's shares reached Rs 2625.55 with an upper circuit of 5 per cent. There is a big order behind this rise in the stock. In fact, the company announced on Thursday at the market close that it had received orders worth Rs 316.82 crore. After this, the company's shares rose on Friday. It is worth noting that the company's IPO came in August last year at a price of Rs 75. Since then this stock has been continuously earning investors. So far this year, the company's shares have gained 530 per cent. In a year, it has gained more than 1600% and the stock has risen 3400% so far as compared to the IPO price.
what is the detail
Bondada Engineering said in an exchange filing- We wish to inform the stock exchange that Bondada Managed Services Private Limited, one of the subsidiaries of the company, has received a work order from Reliance Projects and Property Management Services Limited. The duration of this order is three years from July 1, 2024 to June 30, 2027.
The company said in a statement – The order value is Rs 316,82,95,398 including GST. As per the terms of the order, the company will primarily look after the operation and maintenance of the following: TG Main SP O&M Contract Facility, TG Main SP O&M Contract Fiber FTTX; and TG Main SP O&M Contract Tower. The annual order value is Rs 1,05,60,98,466 including GST, the company said.
company business
Bondada Engineering Limited is a 2012 company. It specializes in providing comprehensive engineering, procurement and construction (EPC) services, as well as operations and maintenance (O&M) services, particularly for the telecommunications and solar energy sectors.