Multibagger Small-Cap Stock Bondada Engineering Order Win Details
Bondada Engineering on Tuesday, 24 June 2025, Announced Having Won a Large Green Energy Storage Order Worth 836 Crore.
Bondada engineering, in its release on the bse, or bombay stock exchange, announced recept of a letter of award from Tamil Nadu Green Energy Corporation Limited.
As per the release, bondada engineering limited has obtained a letter of authorization (Loa) from M/S. Tamil Nadu Green Energy Corporation Limited (TNGECL) to Establish Battery Energy Storage Systems (Bess).
Bondada engineering highlighted that this is the highest storage capacity or the history of the company in bess business line, marking a significant step towels creating bigger battery entem Part of the company’s vision to reach 10 gw capacity in Green space by 2030.
The project would install 400 mwh of standalone grid-security facilitations at two strategic locations in tamil nadu state, IE, at Vellalaviduthi and at thennampaty. As per Bondada Engineering, Tamil Nadu’s Clean Energy Transition will be accelerated by the program, which aims to manage to manage peak power demand, integrate renewable energy, and IPROVE GRIDE stabity.
After TNGECL Held a competitive tendering procedure, Bondada group emerged as the successful fidder, and the project will be carried out under the building -Old-Operate (Boo) model.
“This project marks a key milestone for Bondada group in the energy storage segment and reflects our strong commission to advancing India’s’s Clean Energy Ecosystem,” As per bondada engineering.
The broad consideration for this order from Tamil Nadu Green Energy Corporation Limited Shall Be Rs. 8,36,00,64,000/- (Rupees eight Hindde Thirty Six Crore Sixty Four Thousand only) (including GST) Over a period of 12 years.
The time period in which the order is to be executed stands at 18 months from the execution of the battery energy storage duchase agreement.
Multibagger Small-Cap Stock Bondada Engineering Share Price movement
Bondada Engineering Share Price Opened at 456 on the bse on time and at the time of opening was Higher compared to the previous day’s closing price of 444.10 for Bondada Engineering Share Price. The Bondada Engineering Share Price ThereAhfter Rose to an intraday high of 466.30, which translated into gains of 5%. The upper price band for bondada engineering share price also stands at 5%; The stock was locked in the upper circuit.
Bondada Engineering Share Price, which has gained 1322% in last 5 years, has given multibagger returns to the investors.
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