Order From Adani Group: This Low PE And High ROCE Stock Receives Order Worth Rs 469.52 Crore For Solar Project In Gujarat
Join Us
Follow Us
Bondada Engineering secured multiple renewable energy infrastructure orders from Adani Group entities for a 250 MW solar power project at Khavda, Gujarat.
✨ AI Powered Summary
Indian equity benchmark indices traded lower on Monday, with the benchmark Nifty 50 index declining 0.57 per cent to 23,507.95 during the session. Weak sentiment across infrastructure and engineering stocks weighed on the broader markets. In this segment, shares of Bondada Engineering remained in focus after the company announced receipt of multiple orders from the Adani-enterprises-ltd-112599">Adani Group. On Monday, Bondada Engineering share price declined 0.74 per cent to Rs 319.95.
Bondada Engineering Secures Rs 469.52 Crore Orders From Adani Group
Bondada Engineering informed exchanges that the company has secured multiple orders aggregating to around Rs 469.52 crore from Adani Group entities.
According to the filing, the orders were received from Adani Green Energy Ltd and Adani Green Energy Six Limited for supply of goods and onsite services related to the Balance of System (BOS) package for a 250 MW Solar power project at Khavda, Kutch, Gujarat.
The company stated that the project forms part of one of India’s largest renewable energy hubs and further strengthens Bondada Engineering’s Order Book in the renewable energy infrastructure segment.
Execution Timeline And Project Details
Bondada Engineering stated that the project is required to be executed within eight months from receipt of the order.
With this latest order win, the company’s cumulative executed capacity for the Adani Group has reached 975 MW.
The company further highlighted that the continued inflow of diversified and high-value orders reflects customer confidence in its operational execution, engineering expertise and project delivery capabilities.
About Bondada Engineering
Bondada Engineering is engaged in infrastructure, telecom and renewable energy EPC businesses with operations across engineering, procurement and Construction services.The company currently trades at a price-to-earnings (P/E) ratio of 17.5 and has reported a return on equity (ROE) of 35.7 per cent.
The company has been expanding its presence in solar infrastructure, telecom towers, optical fibre networks and renewable energy-related projects across India.
Add DSIJ as your preferred news source on G o o g l e
Add NowShare your views on Bondada Engineering’s latest Adani Group order win in the comments below.
Disclaimer: This article is for informational purposes only and not investment advice.