The shares of this Smallcap inventory with an order e book of over Rs. 5,000 Crores and operations throughout photo voltaic, railway and different industries hit a 5 % higher circuit upon receiving a brand new work order price Rs. 836 Crores.
Bondada Engineering ltd. is a small cap firm With a market capitalization of Rs. 5,130 Crores, the shares of Bondada Engineering Ltd hit a 5 % higher circuit and closed at Rs. 466.30 per fairness share, from its earlier day’s closing value of Rs. 444.10.
Bondada Engineering ltd has obtained a major order from Tamil Nadu inexperienced power company restricted (TNGEC) Marking a serious milestone in its clear power journey. The corporate secured a letter of award for organising of a 400 MWg battery power storage system at vellalaviduthi and Thenampatty in Tami Nadu.
This undertaking stands out as the very best storage capability order ever obtained by bondada engineering restricted, The long-term imaginative and prescient of attaining 10GW capability within the inexperienced power sector by 2030. The worth of the undertaking is roughly Rs. 836.06 Crores and it’s to be executed over 18 months and worth shall be obtained over a interval of 12 years as it’s beneath BOO mannequin. The undertaking shall be executed on a Construct-own-operate (BOD) mannequin beneath tariff based mostly aggressive constructing,supported by the state viability hole Funding scheme.
This initiative contributes to India’s Nationwide Framework for Power Storage Techniques (NFESS) 2023 and helps Tamil Nadu’s renewable power goal of fifty% by 2030. The system will assist improve grid stability,handle peak demand and combine renewable sources successfully.
Bondada Engineering Restricted offers engineering, procurement, and development (EPC) providers and operations and upkeep (O&M) providers to firms working within the telecom, photo voltaic power and different industries.
The corporate has a robust order e book of 5044 crores, from its main 4 sectors. It obtained from renewable power sector 71.15 %, 21.62 % from telecom business and seven.21 % by merging railways and manufacturing merchandise like AAC blocks ,telecom towers , photo voltaic module moulting constructions.
Coming to the income segmentation, it at present generates 58 % of its income from photo voltaic tasks from 28 % final 12 months, 28 % from telecom from 52 %(FY24) and lastly 14 % from different merchandise from 20%(FY24). This reveals a strategic shift of focus in the direction of photo voltaic from telecom.
Its income from operations grew by 116 % from Rs. 505 Crores to Rs. 1,091 Crores, accompanied by income of Rs. 31 Crores to Rs. 79 Crores. Bondada Engineering restricted gross sales grew over 46.9% CAGR and its revenue grew over 61% revenue over 5 years.
Written by: Sudeep Kumbar
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