Bondada Engineering Ltd

Bondada Engineering Limited announced that its subsidiary, Atpole Technologies Private Limited, has acquired BTM Mobility Private Limited, formerly known as Thuraga Motors Private Limited, for a cash consideration of 5,100 equity shares with a face value of Rs 10 each, representing 51% ownership. BTM Mobility Private Limited, incorporated on September 16, 2025, manufactures and assembles electric two-wheelers and related components, aligning with the Bondada Group’s strategic expansion into the electric vehicle segment and supporting the Government of India's Viksit Bharat and Make in India initiatives.

Bondada Engineering Ltd announced that its subsidiary companies have received credit rating upgrades from CRISIL Ratings, reflecting a strong financial profile, disciplined execution, and sustained business growth. The newly assigned ratings are as follows: Bondada Green Engineering Private Limited received a CRISIL A/Stable rating; Bondada E Bondada Renewable Energy Private Limited received a CRISIL A/Stable rating; Atpole Technologies Private Limited received a CRISIL A -/Stable rating; and Bondada Ecobuild Private Limited received a CRISIL A -/Stable rating, with no enhancements, assignments, or withdrawals reported by any other rating agencies.

Bondada Engineering Ltd. is currently down 0.87% to Rs 272.1, and has declined 11.76% over the last week. Bondada Engineering Limited has received a Letter of Intent from Gujarat Industries Power Company Limited (GIPCL) for an Engineering, Procurement, and Construction (EPC) package to develop a 20 MW / 120 MWh Vanadium Redox Flow Battery Energy Storage System (VRFB BESS) at GIPCL’s power plant in Vadodara, Gujarat, including 10 years of Operations and Maintenance (O&M), marking the company's entry into advanced energy storage technologies and securing India's largest grid-scale VRFB BESS project. The project, with a broad consideration of 120 MWh, is expected to be completed within 18 months from the receipt of the Notice to Advance, and reflects the growing Indian energy storage market, currently at 9.3 GWh and targeting 236 GWh by 2030, while further strengthening Bondada Engineering’s position in the BESS sector. Trading volume reached 92000 shares today, a decrease of 72.67% compared to the one-week average volume. Bondada Engineering Ltd. tanked by 35.34% year-over-year, underperforming the 11.82% loss registered by the NIFTY50 index.

Bondada Engineering Limited, formerly Bondada Engineering Pvt Ltd, submitted a certificate to the BSE Limited on October 15, 2026, regarding the dematerialization and rematerialization of securities for the quarter ended September 30, 2026, as per Regulation 74(5) of the SEBI (Depository and Participants) Regulations 2018; the certificate was received from Kfin Technologies Limited, the company's Registrar and Share Transfer Agent, and also sent to Central Depository Services (India) Limited and National Securities Depository Limited.

Bondada Engineering Ltd. is up 3.78% to Rs 280.05, extending recent gains of 1.43% over the last week. Bondada Engineering Limited has secured an engineering, procurement, and construction (EPC) order worth Rs 1,153.93 Crores for a 270 MWp ground-mounted solar PV project in Maharashtra, significantly expanding its renewable energy portfolio. The domestic order, awarded by an entity in which promoters have an interest and constitutes a related party transaction, is slated for completion within six months and includes taxes. Bondada Engineering Limited continues to focus on large-scale solar EPC, renewable energy, and battery energy storage systems, emphasizing execution capabilities and sustainable growth. Bondada Engineering Ltd. shares traded at a volume of 1.35 lakh today, marking a 22.42% increase compared to the average volume over the past week. Bondada Engineering Ltd. experienced a year-over-year decline of 27.81%, underperforming the NIFTY50 index's loss of 10.06%.

Bondada Engineering Ltd. is up 1.78% to Rs 277.95, extending recent gains and rising 2.56% over the last week. Bondada Engineering Limited announced it has secured multiple orders totaling Rs 146.90 Crores across its diversified business verticals, including telecom infrastructure, renewable energy, and energy-efficient lighting solutions. The orders, received from various domestic government and private sector customers, encompass the supply of 200 telecom towers in Gujarat via subsidiary Bondada Green Engineering Private Limited, A-class items for a ground-mounted solar power plant in Maharashtra through Bondada Renewable Energy Private Limited, and 18 Watt Solar Street Lights in Uttar Pradesh by Bondada E&E Private Limited. The orders are to be executed within 2 to 4 months and reflect the company's growing presence and capabilities within the infrastructure and clean-energy sectors. Trading volume totaled 71200 shares today, a decrease of 38.51% compared to the one-week average volume. Bondada Engineering Ltd tumbled by 27.02% year-over-year, underperforming the 7.53% loss recorded by the NIFTY50 index.

Bondada Engineering Limited informed the BSE Limited that the trading window for transactions in shares of the company will be closed from October 1, 2026, until 48 hours after the declaration of un-audited financial results for the quarter and half year ended September 30, 2026.

Bondada Engineering Limited informed the BSE Limited that its Board of Directors, meeting on September 22, 2026, approved an amendment to the Whistle Blower Policy, available on the company’s website at www.bondada.net, and reconstituted the Stakeholders Relationship Committee by inducting Mr. P Dinakara Rao, an Independent Director, as a member, as part of the company’s migration from the BSE SME Platform to the Main Board.

Bondada Engineering Ltd. is up 1.30% to Rs 292.35, extending recent gains and rising 4.50% over the last week. Bondada Engineering Limited has received a Letter of Intent through a joint venture with BEST Infra Private Limited, securing a Rs 41.01 crore smart energy metering project from Northern Power Distribution Company of Telangana Limited (TGNPDCL). The project, involving the procurement, supply, installation, and maintenance of 40,000 smart energy meters (12,500 single-phase and 27,500 three-phase), will be executed over 11 months from the date of the Purchase Order. The company noted the project aligns with the product portfolio of its subsidiary, Bondada E&E Pvt. Ltd., and reflects its commitment to growth in infrastructure and technology sectors. Trading volume reached 1.37 lakh shares today, a surge of 29.49% compared to the average volume of the last one week. Bondada Engineering Ltd. experienced a sharp decline of 25.92% year-over-year, underperforming the 5.78% loss seen in the NIFTY50 index.

Bondada Engineering Limited has incorporated PhotonicGrid Networks Private Limited, a subsidiary focused on building, owning, and operating fibre optic infrastructure networks and allied telecommunications infrastructure in India. According to a regulatory filing with the BSE, PhotonicGrid will offer network infrastructure and managed services to customers including hyperscalers, data centre operators, and telecom service providers, with the aim of generating recurring revenue and complementing Bondada Group’s existing telecom and data centre infrastructure capabilities.