Bondada Engineering's share price surged to a 52-week high of Rs 2,320.80 in early trade on June 13 following the company's receipt of a Letter of Award (LoA) from NLC India. At 09:22 am, the stock was trading at Rs 2,320.80 on the BSE, up Rs 110.50 or 5%.
NLC India awarded Bondada Engineering a work order for the balance of system (BOS) work to establish a 600MW Grid Connected Solar Power project, including operations and maintenance (O&M) for three years after SCOD at Khavda, Gujarat. The contract value amounts to Rs 9,39,39,76,731 (including GST) and is slated for completion within 15 months from the LoA date.
In February, NLC India granted a work order to Bondada Engineering for Balance of System (BOS) work for a SOMW solar power project, including the O&M for three years amounting to Rs 81,34,02,405 (Including GST).
The share price rose 470 percent in the last 6 months.
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