Bondada Engineering share price hit a 52-week high of Rs 3,684.45 in early trading on August 26, following the announcement of a Letter of Award valued at Rs 575.74 crore.
At 09:25 am, Bondada Engineering was quoting Rs 3,684.45, up Rs 175.45, or 5.00 percent, on the BSE.
The contract was awarded by Lumina Clean Energy, Purelight Energy, and VVKR Photovoltaics Energy for a 170.40 MW power project.
This initiative is part of the Mukhyamantri Saur Krushi Vahini Yojana 2.0 under the PM-KUSUM Solar projects, which will be implemented across various districts in Maharashtra.
The project scope includes the design, survey, supply, installation, testing, and commissioning of grid-connected distributed solar power plants.
These plants are intended for the solarization of selected agricultural feeders at the substation (SS) level within the MSEDCL jurisdiction. Additionally, the project encompasses the associated 11 kV line to connect the plant with the relevant SS and the implementation of a remote monitoring system (RMS) for the solar power plants.
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Earlier this month, Bondada Engineering announced that September 2, 2024, will be the record date for the subdivision (or stock split) of its equity shares.
Under this plan, each existing equity share with a face value of Rs 10 will be split into 5 new equity shares, each with a face value of Rs 2.
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