Shares of Bondada Engineering Ltd were locked at 5% upper circuit on 12 July after the company announced securing an order worth Rs 316.83 crore. 

In its regulatory filing, the company said, “We wish to inform the stock exchange that one of the Subsidiaries of the Company namely Bondada Managed Services Private Limited has received work orders from Reliance Projects & Property Management Services Limited.”

As a part of the order, the company will look at the operations and maintenance work of TG Main SP O&M Contract Facility, TG Main SP O&M Contract Tower, and TG Main SP O&M Contract Tower. 

The order is for three years and will start from 1 July 2024 to 30 June 2027. 

Earlier on 29 February, the company announced securing an order from NLC India worth Rs 81 crore for Balance of System work for a SOMW solar power project, which also includes the operation and maintenance for three years. 

In February, the company also secured an order worth Rs 4.93 crore from Sundrops Energia Private Limited for supplying the equipment for a solar power plant. 

At 1:32 pm, the shares of Bondada Engineering were trading 5% higher at Rs 2,625.55 on NSE.