Shares of Bondada Engineering hit a 5% upper circuit on 16 November after the company announced receiving an order from Bharat Sanchar Nigam (BSNL).
The order is for providing infrastructure as a service for the supply of erection of GBT, for the supply installation of infrastructure items, and subsequent O&M (operation and maintenance. The order is for a total consideration of Rs 34.35 crore and is for five years for the cluster of Lakshadweep.
Earlier in November, the company had bagged another order from BSNL for providing infrastructure as a service and subsequent O&M for a period of five years. The order is for a total consideration of Rs 381.27 crore. The company had also received a 1.37 crore order from Bharti Airtel.
The company provides EPC (engineering, procurement, and construction) services and O&M services to customers in the telecom and solar energy industries.
On 30 August, the company made its debut on the BSE SME platform and rose nearly 100% after raising 43 crore through the IPO.
At 10:37 am, the shares of Bondada Engineering were locked 5% higher at Rs 401.50 on NSE.