Bondada Engineering Limited has got work worth crores of rupees. The company has got this work in Maharashtra. Bondada Engineering has informed the stock markets that it has got this solar power project in Maharashtra under the PM Kusum Yojana. Today again the company’s shares had an upper circuit. Let’s know in detail about this work order
From whom did the company get this work?
Bondada Engineering has got this work from Lumina Clean Energy Private Ltd, Pure Light Private Ltd and VVKR Photovoltaics Energy Pvt Ltd. The company has to design, survey, supply, installation, testing and install grid connected distribution system from the solar plant. Under this scheme, the company will also have to install another 11 kW plant. This project comes under Mukhyamantri Saur Krushi Vahini Yojana 2.0. The cost of this work is Rs 576 crore.
How is the company performing in the stock market?
After Monday, the company’s shares have once again hit an upper circuit on Tuesday. After the upper circuit, the price of Bondada Engineering’s shares reached the level of Rs 3684.45. This is the company’s new 52 week high. Let us tell you, the company’s 52 week high was continuously changing for the last 6 business days.
Within just 6 months, the company’s share prices have seen a rise of more than 300 percent. At the same time, investors who held for 3 months have got a return of 95 percent. Last year at this time, the price of the company’s shares was less than Rs 150. Since then, the stock prices have seen a rise of more than 2000 percent. Let us tell you, the 52 week low level of Bondada Engineering is Rs 142.50. The market cap of the company is Rs 7580.16 crore.
