Bondada Engineering soars 3% after firm bags Rs 1,089 crore order

Bondada Engineering stock has been a multibagger, delivering gains of over 650 percent year-to-date.

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26 Aug, 2025 12:21

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Shares of Bondada Engineering surged over 3 percent on December 5 after the company secured a Rs 1,089 crore order from the Bihar Renewable Energy Development Agency.

The scope of the order includes the design, supply, installation, testing, and commissioning of remote monitoring systems of smart solar street light systems on the identified existing electric pole under Mukhyamantri Gramin Solar Street Light Yojana in Bihar State on an EPC (Engineering, Procurement and Construction) basis.

Along with that, the order also includes a maintenance contract for 5 years, with the stipulated completion within 18 months from the execution of the agreement.

At 11.36 am, shares of Bondada Engineering were trading at Rs 601.50 on the NSE. The stock has been a multibagger, delivering gains of over 650 percent year-to-date. Moreover, it is up 1,730 percent since its listing last September.

The company has also been on a spree of bagging orders. It previously won two orders worth a cumulative total of Rs 1,132 crore.

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The two orders are EPC contracts under the MSKVY 2.0 scheme for the development of crystalline ground-mounted solar PV power plants across various districts of Maharashtra.

The first contract, valued at Rs 763.16 crore, covers the design, engineering, supply, erection, testing, and commissioning of the solar PV plant, along with three years of operation and maintenance on an EPC basis at a 33/11 kV capacity.

The second contract, worth Rs 369.08 crore, involves a similar scope but excludes the supply of PV modules, which will be provided by MAHAGENCO. Both contracts aim to solarise agricultural feeders in the state, with a three-year operation and maintenance period included.

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