Bondada Engineering shares up 3% on winning order worth Rs 81 crore from NLC India

The work is to be executed in 15 months from the date of LOA.

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Bondada Engineering shares jumped nearly 3 percent intraday on February 29 after the company bagged an order worth Rs 81 crore from NLC India.

NLC India Limited has granted work order to Bondada Engineering Limited 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 work is to be executed in 15 months from the date of LOA.

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Earlier in February 2024, the company received a work order from Sundrops Energia Private Limited to supply the equipment for a solar power plant for an order value of Rs 4,93,17,121 (including GST).

The share touched a 52-week high of Rs 949.95 and a 52-week low of Rs 75.00 on 23 February, 2024 and 28 August, 2023, respectively.

Currently, the stock is trading 3.36 percent below its 52-week high and 1124 percent above its 52-week low.

The share price surged more than 500 percent in last six months.