Bondada Engineering is a well-rounded infrastructure player that prioritizes the quality of project execution. The organization is based in Hyderabad and specializes in providing core services for infrastructure operations and maintenance.
Bharti Airtel Order Boosts Telecom Stock 6-Fold Growth in 6 Months
According to a report made to the stock market, telecom infrastructure provider Bondada Engineering Ltd (BEL) was awarded an order by Bharti Airtel, the country’s second-biggest telecom provider, for Rs 2.05 million.
Details of the Bondada Engineering Order
Bharati Airtel Limited, the nation’s second telecom carrier, has given Bondada Engineering a work order of Rs 2.05 crore, according to information available on the stock market exchange BSE. This purchase is for the delivery to Tamil Nadu of a 60 kilogram, six-meter-tall, hot-dipped galvanized GI pole without a base. The value of the work order, including GST, is Rs 2,05,32,000.00.
Earlier, on June 12, NCL India sent a letter of award (LoA) for a sizable contract to the engineering, procurement, and construction (EPC) services company BEL. The remaining of system work needed to set up the 600 MW Grid Connected Solar Power Project in Khakra, Gujarat, is covered by this work order.
The company’s shares shot up to a 52-week high of Rs 2,320.80 in early trade on June 13 after receiving an order from NCL.
Bondada Engineering’s corporate overview, Bharti Airtel Order Boosts Telecom Stock
BEL is a multifaceted company in the infrastructure space that prioritizes excellent project execution. The business’s main office is located Hyderabad is a specialist in providing fundamental services for infrastructure operations and maintenance.
BEL’s Q4FY24 revenue
In the fourth quarter of fiscal year 2023–24 (Q4FY24), Bondada Engineering’s profit after tax (PAT) more than doubled to Rs 31.44 crore from Rs 14.87 crore the previous year. Concurrently, operating income rose to Rs 505 crore, an increase of 70.8% year over year.
For the fiscal year 2023–24 (FY24), BEL reported a PAT of Rs 46.31 crore, up from Rs 17.13 crore in FY23. In addition, operating revenue increased to Rs 801 crore from Rs 371 crore in the previous fiscal year, a more than fourfold increase.
Performance of Bondada Engineering’s stock
Over the past year, the stock has produced strong returns. The stock increased more than 1,500% annually. Over the past six months, the stock has increased by 500%. In three months, there was a 255% return. Over the past month, the stock has returned around thirty percent. The stock on the BSE has a 52-week high of 2,436.80 and a low of 142.50. The company has a market capitalization of around Rs 7,49,845 crore. Read more post…
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
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