5:1 stock split & Rs 1,747 crore order book: multibagger telecom infrastructure company bags new orders worth Rs 64,24,51,195 from KPI Green Energy & Pace Digitek Infra

Bondada Engineering Ltd. has received a major boost with two new orders cumulatively valued at Rs 64,24,51,195. This signifies a significant increase in their workload and strengthens their position in the market. Let's delve deeper into the details of these orders: The first order, valued at a substantial Rs 59,00,02,024 (including GST), comes from KPI Green Energy Limited. This domestic company has entrusted Bondada Engineering with the critical task of supplying BOS Items & Services for EPC Works across two locations in Gujarat. The tight deadline of September 30, 2024, underscores the importance of timely execution by Bondada. The second order, worth Rs 5,24,49,171 (including GST), is awarded by Pace Digitek Infra Private Limited, another domestic entity. This contract focuses on the supply of a specific product – 40-meter ground-based towers with a wind speed rating of 200 KMPH. The designated location for these towers is Assam. Bondada has a shorter timeframe to fulfill this order compared to the first one, with a completion deadline of July 31, 2024. Securing these two orders demonstrates Bondada Engineering's expertise in handling diverse projects. The substantial value of the contracts signifies their capability to undertake large-scale ventures. The tight deadlines associated with both orders highlight Bondada's ability to deliver projects efficiently. Earlier, the Board of Directors of the company approved a stock split in the ratio 5:1 i.e., the existing 1 equity share of the company having a face value of Rs 10 each fully paid-up shall be sub-divided/split into 5 equity shares having a face value of Rs 2 each fully paid-up. The record date for the stock split is yet to be determined. Additionally, the Board recommended a final dividend of Rs 0.15 per equity share of the face value of Rs 10 each (i.e., 1.5 per cent) for the financial year ending March 31, 2024. The record date for the final dividend is fixed as Friday, July 26, 2024.

Read more