Mumbai, October 24 (Udaipur Kiran): Shares of Bondada Engineering rose on Thursday after the company announced that it has secured a Letter of Intent (LoI) worth ₹1,050 crore (excluding taxes) from the Adani Group.
At the BSE, the stock was trading at ₹468.00, up ₹5.15 or 1.11% from its previous close of ₹462.85. The scrip opened at ₹470.00 and touched a high of ₹474.90 and a low of ₹463.40, with 3,75,400 shares changing hands during the session.
The BSE Group ‘M’ stock, with a face value of ₹2, has recorded a 52-week high of ₹719.50 (12-Dec-2024) and a 52-week low of ₹330.00 (04-Mar-2025). The company’s market capitalisation currently stands at ₹5,256.05 crore. Promoters hold 62.42%, while institutions and non-institutional investors own 1.57% and 36.00%, respectively.
The newly received LoI from Adani Group pertains to the supply of goods for the Balance of System (BOS) for a 650 MW Solar Power Project at the Khavda Renewable Energy Park in Gujarat. The contract is scheduled for completion within one year.
Bondada Engineering provides engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) services to clients across telecom and solar energy sectors throughout India.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
