Shares of Bondada Engineering Ltd gained 2% on Friday, 24 October, after the corporate introduced securing LoI from Adani Group.
In its regulatory submitting, the corporate mentioned that it has acquired a letter of intent (LOI) from Adani Group.
The scope of contract consists of the supply of commodities for the steadiness of system (BOS) of the 650 MW solar energy mission at Khavda Renewable Power Park in Gujarat. It entails all features of fabric design, engineering, manufacturing, procurement, high quality assurance, packing, and supply on-site.
The mission scope consists of complete onsite companies equivalent to receipt, unloading, storage, dealing with, set up, testing, and commissioning of free-issue supplies. It additionally covers all associated civil, mechanical, electrical, and structural works obligatory for the mission’s profitable completion.
The contract, valued at Rs 1,050 crore, is predicted to be accomplished inside one 12 months from the receipt of the Letter of Intent (LOI).
In the meantime, Bondada Engineering’s board will meet on Tuesday, October 28, 2025, to assessment and approve the corporate’s unaudited monetary outcomes for the half 12 months ended September 30, 2025, together with the auditor’s restricted assessment report.
Bondada Engineering focuses on offering engineering, procurement, and building (EPC) companies, in addition to operations and upkeep (O&M) options, to purchasers within the telecom, renewable vitality, and Indian Railways sectors.
At 12:48 pm, the shares of Bondada Engineering had been buying and selling 1.54% greater at Rs 470 on NSE.
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