Shares of Bondada Engineering Ltd surged 3.5% to touch the day’s high of Rs 349 on 12th February, after the company said it had inked a memorandum of understanding (MoU) with Dubai-based Bryan Ston Renewables FZCO to develop sustainable, green-powered data centres.

The agreement focuses on developing green-powered data centres in India and select international markets.

According to Bondada Engineering, this move marks the Hyderabad-based company’s entry into the digital infrastructure segment.

Earlier this week, the company’s shares had surged after it announced the commissioning of 69.51 MWp of solar power projects across Maharashtra and Tamil Nadu.

In December, the company had secured another renewable energy contract worth Rs 945 crore for a solar power project in Rajasthan.

At 12:58 PM, shares of Bondada Engineering were trading 3.33% higher at Rs 347.35 on the BSE.

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