Synopsis:
Bondada Engineering Limited surged 10 percent to hit its upper circuit after receiving a Rs. 1,050 crore Letter of Intent from Adani Group for the 650 MW Khavda Solar Project in Gujarat.
An EPC stock gained significant momentum today, hitting its 10 percent upper circuit following the announcement of a major order from the Adani Group. The market reacted positively to the news, reflecting investor confidence in the company’s growing presence in renewable energy infrastructure execution.
Bondada Engineering Limited, with a market capitalization of Rs. 5,165.10 crore, opened at Rs. 431.10 and touched an intraday high of Rs. 462.85, hitting its 10 percent upper circuit, up from its previous close of Rs. 420.80.
What’s the News?
Bondada Engineering Limited has received a Rs. 1,050 crore Letter of Intent from Adani Group for the supply of Goods for the Balance of System (BOS) for the 650 MW Solar Power Project at Khavda Renewable Energy Park, Gujarat.
The order includes complete design, engineering, manufacturing, procurement, quality assurance, packing, and delivery of materials at the site. It also covers Factory Acceptance Tests, rectification and remedial works, and provision of necessary tools and equipment to ensure optimal performance.
On-site responsibilities include receipt, unloading, storage, handling, installation, testing, and commissioning of free-issue materials, along with civil, mechanical, electrical, and structural works required for successful project completion.
The order is to be executed within one year from receipt of the LOI and has been awarded by Adani Green Energy Limited and Adani Green Energy Six Limited. This LOI strengthens Bondada Engineering’s position in the renewable energy sector and adds substantially to its order book and execution pipeline.
Financial Snapshot – Half Yearly Results
For the period September 2024 to March 2025, Bondada Engineering’s sales increased from Rs. 481 crore to Rs. 1,091 crore, a growth of 127 percent. Operating profit rose from Rs. 54 crore to Rs. 121 crore, up 124 percent. Profit before tax grew from Rs. 49 crore to Rs. 106 crore, up 116 percent, and net profit increased from Rs. 36 crore to Rs. 79 crore, a 119 percent rise.
For the period March 2024 to March 2025, sales increased from Rs. 505 crore to Rs. 1,091 crore, up 116 percent. Operating profit rose from Rs. 48 crore to Rs. 121 crore, a 152 percent growth. Profit before tax jumped from Rs. 45 crore to Rs. 106 crore, up 136 percent, while net profit expanded from Rs. 31 crore to Rs. 79 crore, a 155 percent rise.
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About the Company
Bondada Engineering Limited delivers engineering, procurement, and construction (EPC) services, along with operations and maintenance solutions, across India’s telecom and solar sectors.
The company provides design and engineering for telecom networks, transmission lines, and industrial and residential buildings, in addition to constructing optic fiber communication systems and towers.
Its offerings include BSNL-4G network saturation, cell site maintenance, surveillance and corrective maintenance of OFC routes, and management of facilities ranging from small sites to large data centers.
Bondada Engineering also manufactures Autoclaved Aerated Concrete blocks under the SmartBrix brand, uPVC windows and doors under truVU, and aluminium windows and doors under AluRise. Furthermore, it supplies tower poles, LED lighting, EV and drone motors, and produces telecom, transmission, and distribution towers.
Written By Manan Gangwar
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