Bondada Engineering Limited’s stock surged by 4.99%, reaching ₹634.05 at 9:55 AM today, hitting the upper circuit limit. The rally follows the company securing two significant Engineering, Procurement, and Construction (EPC) contracts from Maharashtra State Power Generation Company Limited (MAHAGENCO), totaling ₹1,132.25 crore.
Key details of the orders:
- First contract: An EPC project for the design, engineering, supply, erection, testing, and commissioning of a Crystalline Ground mounted solar PV power plant under the MSKVY 2.0 scheme. The project, valued at ₹763.16 crore (inclusive of GST), also includes 3 years of operation and maintenance at 33/11 kV across various districts of Maharashtra.
- Second contract: Another EPC project for the design, engineering, supply (excluding PV modules), unloading, erection, testing, and commissioning of a Crystalline Ground mounted solar PV power plant for distribution agriculture feeder solarization under the MSKVY 2.0 scheme. This project is valued at ₹369.08 crore (inclusive of GST), with 3 years of operation and maintenance at 33/11 kV across multiple districts of Maharashtra.
These contracts are expected to be completed within 9 months to 1 year from the date of land allotment. The orders highlight Bondada Engineering’s growing expertise in the renewable energy sector and further boost its position in the EPC space.
Disclaimer: We are not SEBI Registered Research Analysts. This article is based on publicly available information and does not reflect our stance on the company stock. The information provided is for informational purposes only and should not be construed as investment advice. Readers are advised to consult with a qualified financial advisor before making any investment decisions. The publication and the author hold no responsibility for any investment losses incurred based on the information provided.
