Mumbai (Udaipur Kiran): Bondada Engineering shares gained on Wednesday after the company signed a framework agreement with the Adani Group for a strategic design and construction partnership in renewable energy.
The stock was trading at Rs. 418.35 on the BSE, up 1.30% from its previous close of Rs. 413.00. It opened at Rs. 412.20 and has so far touched a high of Rs. 423.00 and a low of Rs. 402.15, with 3,31,400 shares traded on the counter.
The BSE group ‘M’ stock, with a face value of Rs. 2, has a 52-week high of Rs. 719.50 (12 December 2024) and a 52-week low of Rs. 330.00 (4 March 2025). The company’s market capitalisation currently stands at Rs. 4,678.56 crore. Promoters hold 61.55% stake, while institutions and non-institutions hold 1.54% and 36.92% respectively.
Under the five-year Strategic Partnership Framework, the first tranche includes a 650 MW solar energy order awarded by Adani Green Energy.
The Adani Group is working to transform barren land in the Khavda region of Gujarat’s Kutch district into a major green energy hub by developing a 30 GW renewable energy park. Bondada Group has been selected as a strategic design and construction partner for this project.
Bondada Engineering provides engineering, procurement and construction (EPC) services, along with operations and maintenance (O&M) services, to telecom and solar energy sector clients across 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.
