Rs 14,000+ Crore Order Book: Solar Stock Hit Upper Circuit After Bagging Rs 204.20 Crore Order from Telangana Power Generation Corporation Ltd

The stock is up over 50 per cent from its 52-week low of Rs 326 per share.

On Tuesday, shares of Bondada Engineering Ltd gained 9.1 per cent to Rs 510 per share from its previous closing of Rs 467.55 per share with 4.51 times spurt in volume on the BSE. The stock’s 52-week high is Rs 753.98 per share and its 52-week low of Rs 326 per share.

Bondada Engineering Limited has secured its first-ever order in the Battery Energy Storage Systems (BESS) business line, receiving a Letter of Award (LOA) from Telangana Power Generation Corporation Limited (TGGENCO). This domestic contract, valued at Rs 204.20 crore (including GST) for a period of 12 years, involves setting up a 100 MWh (50MW x 2 hours) BESS at Shankarpally, Telangana, for "on demand" usage under a Tariff-based Global Competitive Bidding with Viability Gap Funding (VGF) on a Build Own Operate (BOO) model. The project is expected to be completed within 18 months from the execution of the Power Purchase Agreement, aligning with the company’s Vision-2030 and showcasing its leadership in cutting-edge energy solutions.

Earlier, the company has secured a significant Government Order (GO) from the Government of Andhra Pradesh – Energy Department, for the allocation of 2000 MW AC / 2600 MWp DC solar power capacity. This substantial project, to be implemented within 24 months across Ananthapuramu and Sri Sathya Sai districts, is valued at Rs 9,000 crore, boosting Bondada Engineering's order book to over Rs 14,000 crore. Executed through its wholly-owned subsidiary, Bondada Renewable Energy Pvt. Ltd., this initiative aligns with India's Net-Zero Goals, is expected to generate 3,900 jobs, and will benefit from government support including land leases and power evacuation assistance. The company anticipates adding Rs 1,160 crores in annual revenue from Independent Power Producer (IPP) operations starting FY 2029.

About the Company

Incorporated in 2012, Bondada Engineering Limited delivers comprehensive engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services primarily for the telecom and solar energy sectors, boasting partnerships with major telecom companies like Reliance Jio and Airtel, having successfully installed over 12,500 telecom towers and a 4,300 km OFC network; the company's manufacturing capabilities extend to telecom and transmission towers, solar MMS, and building materials under brands like Smartfix, alongside lifestyle products such as uPVC and aluminium doors and windows, and they further provide extensive O&M services for both telecom infrastructure and solar power plants, managing a solar O&M portfolio of 20 MW.

The company has a market cap of over Rs 5,400 crore and the order book as of March 31, 2025, stands at Rs 5,044 crore. Including the above orders, the company's order book crosses Rs 14,000 crore. The stock is up over 50 per cent from its 52-week low of Rs 326 per share. The company's shares have an ROE of 69 per cent and an ROCE of 78 per cent.

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