Mumbai, October 7 (Udaipur Kiran): Shares of Bondada Engineering traded higher on Monday after its subsidiary, Bondada E&E, received a Letter of Intent (LoI) worth ₹63.86 crore (including GST) from the Panchayati Raj Department, Government of Bihar.
The order pertains to the Phase-IV implementation of the Mukhyamantri Gramin Solar Street Light Yojana, covering multiple districts in Bihar. The project involves the installation of 9,150 solar street lights in Bhojpur, 7,850 in Gopalganj, and 3,510 in Rohtas, with a total of 20,510 units to be set up within 90 days.
The initiative aims to strengthen rural infrastructure and promote clean energy adoption through widespread installation of solar-powered street lighting systems across the state. The project will be executed under the supervision of the Panchayati Raj Department, in coordination with BREDA and respective district administrations.
Following the announcement, the company’s stock was trading at ₹390.00, up ₹5.75 or 1.50% from its previous close of ₹384.25 on the BSE. The scrip opened at ₹388.00 and hit an intraday high of ₹392.00 and a low of ₹382.00. Around 1.15 lakh shares were traded on the counter during the session.
The BSE Group ‘M’ stock, with a face value of ₹2, has a 52-week high of ₹719.50 (December 12, 2024) and a 52-week low of ₹330.00 (March 4, 2025). Over the past week, it has traded between ₹392.00 and ₹375.00. The company’s market capitalisation stands at ₹4,349.36 crore.
In terms of shareholding, promoters own 62.42%, institutional investors hold 1.57%, and non-institutional investors account for 36.00%.
Bondada Engineering provides engineering, procurement and construction (EPC) and operations & maintenance (O&M) services to clients across telecom and solar energy sectors in 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.