Bondada witnessed a 5 percent rise in its share price during early trade on November 16 following the company’s announcement of securing a significant order worth Rs 34.35 crore from Bharat Sanchar Nigam (BSNL).
The order entails Bondada providing Infrastructure as a Service (IaaSP) for the supply and erection of Ground-Based Towers (GBT), along with infrastructure items installation and subsequent Operation & Maintenance (O&M) for five years for the Lakshadweep cluster.
Earlier this month, Bondada had already clinched a substantial order from BSNL, valued at Rs 381.27 crore, for providing infrastructure services and subsequent O&M for five years. Additionally, the company secured a Rs 1.37-crore order from Bharti Airtel.
As of 1:19 pm, Bondada shares continued their positive trajectory, trading 3.80% higher at ₹396.95, signaling investor confidence in the company’s recent contract wins.
