Shares of Bondada Engineering increased 3.3% and reached an intraday high of Rs 608.8 on 5 December after the company announced securing a work order worth Rs 1,089 crore from the Bihar Renewable Energy Development Agency.

In its regulatory filing, the company said, “We wish to inform the stock exchange that the company has received a work Order from M/s. Bihar Renewable Energy Development Agency.”

Additionally, the work order is for the design, supply, installation, testing, and commissioning of remote monitoring systems for smart solar street light systems on the designated existing electric pole on an EPC basis under the Mukhyamantri Gramin Solar Street Light Yojana in Bihar State.

This order is worth Rs 1,089 crore and comes with a five-year full maintenance contract. The project must be finished within 18 months after the agreement’s execution.

Bondada Engineering is a well-known Indian company that offers engineering, construction, and infrastructure services. It is well known for providing solutions in a variety of fields, including civil engineering, mechanical engineering, electrical engineering, and other related industries.

It works in a variety of industries, including commercial, residential, and industrial construction, and it executes large-scale projects while providing top-notch engineering services. 

With its headquarters located in Hyderabad, the organization has established a strong presence throughout India. Core services, as well as operations and maintenance services in the infrastructure sector, are among Bondada’s areas of expertise. The company uses its domain and business experience to create and implement infrastructure solutions for clients.

Additionally, telecom and tower operating firms can use Bondada Engineering’s operation and maintenance (O&M) services. These services include rigger supply, backup power systems, surveillance, maintenance of optical fibre cable routes, and preventative and corrective maintenance of passive infrastructure and equipment. 

Over the last year, Bondada Engineering’s stock has increased 62%, while the Sensex has increased 17%.

At 11:52 am, the shares of Bondada Engineering were trading 1.54% higher at Rs 589 on BSE. 

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