Bondada Engineering shares jumps 6% after receiving ₹945 Cr worth orders; Check its total order book

Synopsis: Bondada Engineering secured a Rs. 945 crore EPC order from NLC India Renewables for 810 MW solar BOS works in Rajasthan, boosting its order book to Rs. 5,989 crore and strengthening medium-term growth visibility.

The shares of this company which provide engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry, are in focus after securing an order worth Rs. 945 cr.

With a market capitalisation of Rs. 4,140 cr, the shares of Bondada Engineering Ltd are currently trading at Rs. 371 per share, increasing nearly 6% in today’s market session, making a high of Rs. 378, up from its previous close of Rs. 357.40 per share.

About the order

Bondada Engineering Limited has received a major Letter of Award (LoA) from NLC India Renewables Limited (NIRL), on behalf of NLC India Limited, for executing Balance of System (BOS) works for large-scale solar power projects in Rajasthan. The order pertains to setting up a total capacity of 810 MW solar power projects at the RVUNL Solar Park in Bikaner under the Engineering, Procurement, and Construction (EPC) framework, along with Operations and Maintenance (O&M) services for a period of three years. 

The scope of work under this prestigious contract includes end-to-end project execution, such as design, engineering, site development, supply, insurance, transportation, erection, installation, testing, and commissioning of the solar power projects. It also covers the complete evacuation system up to the delivery point at the 33 KV side of the 33/400 KV Park Pooling Substation. 

The project is to be executed within a timeline of 15 months from the receipt of the Letter of Award, highlighting the company’s execution capabilities in large-scale renewable energy infrastructure.

The total value of the order stands at approximately Rs. 945.11 crore, making it a significant addition to Bondada Engineering’s order book. With this order, the company’s total EPC orders in hand have reached nearly 3 GW, substantially strengthening its medium-term growth pipeline and revenue visibility. The order has been awarded by a domestic entity, and there is no involvement of the promoter or promoter group, nor does it fall under related party transactions. As of 28th Oct 2025, the total order book stands at Rs. 5,989 cr.

About the company 

Bondada Engineering Limited is an EPC-focused infrastructure company with a strong presence in the renewable energy sector, specializing in balance of system works, solar power projects, and related infrastructure development. With proven execution capabilities and a growing order book, the company is emerging as a key player in large-scale solar and energy projects across India.

The company reported strong financial performance, with revenue rising 153% year-on-year to Rs. 1,217 crore in Q2FY26 compared to Rs. 481 crore in Q2FY25. EBITDA grew by 182% to Rs. 143 crore, while net profit increased 148% YoY to Rs. 92.6 crore. Earnings per share also jumped 139% to Rs. 8.04 from Rs. 3.36.

It demonstrates strong financial efficiency with a ROCE of 39.5% and ROE of 36.2%, supported by a healthy debt-to-equity ratio of 0.41. The company has delivered robust profit growth at a CAGR of 61.2% over the past five years and maintains a strong return profile, with an average ROE of 35.1% over the last three years.

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