Bondada Engineering gain 5% on winning Rs 34.4-crore order from BSNL

Bondada Engineering provides engineering, procurement and construction services and operations and maintenance services to customers in the telecom and solar energy industries.

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Bondada Engineering share price rose 5 percent in the early trade on November 16 after the company announced receiving a Rs 34.35-crore order from Bharat Sanchar Nigam (BSNL).

Bondada will provide infrastructure as a service (IaaSP) for the supply and erection of GBT, infrastructure as a service provider (IaaSP) for the supply installation of infrastructure items and subsequent operation & maintenance (O&M) for five years for the cluster of Lakshadweep.

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Earlier this month, the company bagged an order from BSNL for providing infrastructure as and subsequent O&M for five years, amounting to Rs 381.27 crore. It also received Rs 1.37-crore order from Bharti Airtel.

At 9.23 am Bondada Engineering was quoting at Rs 401.50, up Rs 19.10, or 4.99 percent on the BSE.

Bondada Engineering provides engineering, procurement and construction (EPC) services and operations and maintenance (O&M) services to customers in the telecom and solar energy industries.

On August 30, the company debuted with a bang on the BSE SME platform, rising nearly 100 percent after raising Rs 43 crore through the IPO, which was subscribed 112.28 times.