Bondada Share Price Surges by 2,900% in Less Than 10 Months
📈 Bondada Engineering’s shares have delivered strong returns to investors, soaring by 2,900% in a short period of time. The stock reached a high of ₹2,320.80 on June 13, with a 5% increase. This rally comes after the company’s acquisition of a key job from Navratna company NLC India.
Contracted for 600MW Solar Energy Project
🌞 NLC India has awarded Bondada Engineering a contract for system balancing for a 600MW grid-connected solar energy project. The work order includes operation and maintenance for up to 3 years, with a contract value of ₹939.39 crore.
Completion of Project in 15 Months
🏗️ Bondada Engineering is required to complete the project within 15 months from the date of the Letter of Award. Earlier this year in February, NLC India had awarded the company a system balancing order for the Somdublyu Solar Energy Project worth ₹81.34 crores.
Impressive Growth in Share Price
💰 Bondada Engineering’s shares have seen a remarkable surge since the beginning. In just six months, the stock has increased by 475%. Trading at ₹403 on December 13, 2023, it has now reached ₹2,320.80 on June 13, 2024. The shares have grown by approximately 457% this year alone.
Before the start of the year, on January 1, the company’s shares were trading at ₹417.10. Now, they have crossed the ₹2,300 mark, reflecting the strong performance of Bondada Engineering in the market.
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