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Bondada Engineering Surges 3% as it Secures ₹81 Crore Order from NLC India

26 Mar 2024 , 03:18 PM

Bondada Engineering shares rise nearly 3% on February 29 after securing an order worth ₹81 crore from NLC India. At the time of writing, the stock was trading at ₹918 which is a 2.58% gain from the previous close.

NLC India Limited awards Bondada Engineering the work order for Balance of System (BOS) work for a SOMW solar power project, along with a three-year O&M contract, totaling ₹81,34,02,405 (Including GST).

The project is scheduled to be completed within 15 months from the date of Letter of Award (LOA). In February 2024, Bondada Engineering received a work order from Sundrops Energia Private Limited for supplying equipment for a solar power plant, valued at ₹4,93,17,121 (including GST).

Bondada Engineering's stock touched a 52-week high of ₹949.95 and a 52-week low of ₹75.00 on February 23, 2024, and August 28, 2023, respectively. Currently, the stock is trading 3.36% below its 52-week high and 1124% above its 52-week low. The share price has surged over 500% in the last six months.

For feedback and suggestions, write to us at editorial@iifl.com


Related Tags

  • Bondada Engineering
  • Letter of Award
  • LOA
  • NLC India
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