Bondada Secures Contracts Worth Rs 59 Cr and Rs 5.2 Cr in separate Work Orders
Bondada Engineering secures significant contracts worth ₹59 Cr and ₹5.2 Cr from KPI Green Energy and PACE Digitek, with completion dates in July and September 2024.
by Damodharan N
Updated Jul 19, 2024
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Bondada Engineering Limited (BONDADA) has announced the receipt of two significant work orders, highlighting the company's growing presence in the engineering sector. The first order comes from KPI Green Energy Limited, worth ₹59 crore, which involves the supply of BOS Items and Services for EPC Works across two locations in Gujarat. This project is expected to be completed by September 30, 2024.
The second order is from M/s. PACE DIGITEK INFRA PRIVATE LIMITED, valued at ₹5.24 crore. This order involves the supply of 40-meter ground-based towers designed to withstand speeds of up to 200 KMPH for a project in Assam. The execution of this order is slated for completion by July 31, 2024.
Both orders are from domestic entities, reinforcing Bondada's strong foothold in the Indian market. These contracts collectively enhance Bondada's portfolio and demonstrate its capability to undertake and deliver substantial engineering projects.
Get the Announcements Here for KPI Green Energy.
Get the Announcements Here for PACE DIGITEK INFRA.
Market Reaction
Following Bondada Engineering Limited's announcement of securing significant contracts worth ₹59 crore from KPI Green Energy and ₹5.24 crore from PACE Digitek Infra on the BSE on July 18th, the market reacted with caution.
The stock opened at ₹2670.00, slightly lower than the previous close of ₹2675.55, and reached a day's low of ₹2566.75, indicating some initial selling pressure. Despite the positive news.
The stock's highest point remained at the opening price, and trading volume was moderate, with 0.07 lakh shares traded compared to the 2-week average of 0.34 lakh shares. Overall, the stock price stayed within its circuit limits, reflecting controlled volatility and a tempered market response to the announcements.
Get the Live price on BSE here
Bondada Engineering
Bondada Engineering Limited (BEL), headquartered in Hyderabad, is a leading player in the infrastructure sector, known for its commitment to quality, safety, and environmental protection.
Established in 2012, BEL specializes in providing end-to-end solutions, from core services to operations and maintenance. With a team of over 1000 skilled professionals, BEL leverages its extensive knowledge and multidisciplinary expertise to deliver projects on time and within budget, ensuring excellence in every aspect of their work across India.
KPI Green Energy
KPI Green Energy Limited, formerly known as KPI Global Infrastructure Limited, is a leading solar and hybrid power generating company based in Gujarat. Established in 2008, the company operates under the brand name 'Solarism' and focuses on developing, building, owning, and maintaining solar and hybrid power plants.
They provide renewable power solutions through Independent Power Producer (IPP) and Captive Power Producer (CPP) models. With a strong commitment to green energy, KPI Green Energy has achieved significant milestones, including the commissioning of major solar projects and an upgrade in credit rating.
Their innovative operations and maintenance services ensure optimal power generation and customer satisfaction.
Pace Digitek Infra
Pace Digitek Infra, established in 2003, is a leading provider of telecom power solutions and solar solutions. With a legacy of innovation and customer-centric services, they offer power management, optic fiber laying, and energy management solutions.
The company operates across India and has a global presence in Africa, Bangladesh, Myanmar, the Philippines, and Sri Lanka. With over 4000 professionals, they have serviced more than 100,000 products and managed over 25,000 O&M service sites.
The acquisition of Lineage Power from General Electric in 2014 significantly boosted their capabilities in DC power systems, making them a leader in the telecom power solutions industry.
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Bondada Secures Contracts Worth Rs59 Cr and Rs5.2 Cr in separate Work Orders - FAQs
1. Who secured the contracts worth ₹59 Cr and ₹5.2 Cr?
Bondada Engineering Limited (BONDADA) secured the contracts.
2. Which companies awarded the contracts to Bondada?
The contracts were awarded by KPI Green Energy Limited and PACE Digitek Infra Private Limited.
3. What is the value of the contract from KPI Green Energy?
The contract from KPI Green Energy is valued at ₹59 crore.
4. What is the value of the contract from PACE Digitek Infra?
The contract from PACE Digitek Infra is valued at ₹5.24 crore.
5. What will Bondada supply for the KPI Green Energy contract?
Bondada will supply Balance of System (BOS) items and services for Engineering, Procurement, and Construction (EPC) works.
6. What will Bondada supply for the PACE Digitek Infra contract?
Bondada will supply 40-meter ground-based towers designed to withstand wind speeds of up to 200 KMPH.
7. Where will the KPI Green Energy project be executed?
The KPI Green Energy project will be executed at two locations in Gujarat.
8. Where will the PACE Digitek Infra project be executed?
The PACE Digitek Infra project will be executed in Assam.
9. What is the completion date for the KPI Green Energy project?
The KPI Green Energy project is expected to be completed by September 30, 2024.
10. What is the completion date for the PACE Digitek Infra project?
The PACE Digitek Infra project is slated for completion by July 31, 2024.
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