Image Source: Dalal Street Investment Journal
Bondada Engineering Ltd, one of India's top telecom and infrastructure engineering companies, has received a new work order worth ₹13.3 million (inclusive of GST). The new order boosts the company's fast-expanding order book and reflects its increasing presence in the country's infrastructure development map.
New Order Won:
Bondada Engineering has obtained a ₹13.3 million worth work order, which further augments its project pipeline. Though the identity of the client and details of the project were not revealed, the orders of this nature usually relate to the company's core business in telecom tower supply, installation, and related civil and electrical works.
Strong Order Book and Growth Path
The company's order book as confirmed has already exceeded ₹5,300 crore, with management expecting it to rise to ₹8,500–9,000 crore by March 2025. Bondada Engineering continues to win large and small orders in the telecom, solar EPC, and infrastructure segments, providing a diversified revenue stream and continued business momentum.
Sectoral Diversification:
Though Bondada Engineering is most renowned for its telecom tower and passive infrastructure offerings, it has expanded prominently into the space of solar EPC too, which will be contributing 70–75% of its business mix in the near term. The company is venturing into railways as well, aiming to achieve ₹2,000–2,500 crore in revenue within the next 2–3 years.
Operational Strength:
The firm has a robust manufacturing footprint in Telangana, boasting a tower fabrication capacity of 12,000 MTPA. Bondada Engineering has deployed more than 11,600 telecom towers and poles across the country, out of which 7,700 have been achieved in the last three years alone.
Financial and Market Position
Supported by a sound credit rating (A- by CRISIL) and conservative working capital management, Bondada Engineering is poised to benefit from India's continuing infrastructure boom. The shares of the company have witnessed encouraging momentum with recent order wins and expansion announcements.
Leadership Commentary:
Management is confident of achieving more than 100% revenue growth in the next three years, led by a strong order book and growing contribution from public sector projects.
"With a booked order of ₹5,300 crore and expansion ambitions, Bondada Engineering is set for outstanding growth in the telecom, solar, and infrastructure space," stated Raghavendra Rao Bondada, founder and CEO.
With Bondada Engineering winning new orders and expanding its services, the company is all set to be a key player in India's infra modernisation push.
Source: Economic Times, NDTV Profit, CRISIL, Business Standard
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