5:1 Stock Split & Rs 5,282 Crore Order Book: Tower Manufacturer Bags New Order Worth Rs 5,93,38,719 From Dinesh Engineers Ltd

The stock is up by 91.2 per cent from its 52-week low of Rs 217 per share.

Bondada Engineering Limited has secured work orders from Dinesh Engineers Limited for the domestic supply of 55 units of 40-meter towers, complete with all necessary accessories such as bolts, nuts, and fasteners. These towers are to be delivered to sites located in Chhattisgarh and Jharkhand within a period of 8 months from the date the purchase order was issued. The total value of these work orders is Rs 5,93,38,719 (Rupees Five Crore Ninety-Three Lakh Thirty-Eight Thousand Seven Hundred and Nineteen Only), inclusive of Goods and Services Tax (GST).

Earlier, the shares of the company ex-traded stock split in the ratio 5:1 on September 02, 2024, i.e., the existing 1 equity share of the company having a face value of Rs 10 each fully paid-up shall be sub-divided/split into 5 equity shares having a face value of Rs 2 each fully paid-up.

Incorporated in 2012, Bondada Engineering Limited provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry. The company has a market cap of over Rs 4,400 crore and the order book as of October 2024, stands at Rs 5,282 crore. The stock is up by 91.2 per cent from its 52-week low of Rs 217 per share. The company's shares have an ROE of 37 per cent and an ROCE of 35 per cent. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.