Infra Stock Jumps 4% After Receiving ₹816 Cr Order from NTPC Green for Solar Project

Synopsis: Bondada Engineering Limited secured an Rs. 816 crore NTPC Green Energy solar EPC order in Rajasthan, boosting its total NTPC orders to Rs. 1,207 crore and Solar EPC order book to 5.3 GWp.

This Small-Cap Infra Stock, engaged in renewable energy, telecom infrastructure, railways, defence, and EPC services with projects across multiple states in India, jumped 3.83 percent after receiving an order worth Rs. 816 crore from NTPC Green Energy Limited for a solar project.

With a market capitalization of Rs. 3,983.89 crores, the share of Bondada Engineering Limited has reached an intraday high of Rs. 361.00 per equity share, rising nearly 3.83 percent from its previous day’s close price of Rs. 347.70. Since then, the stock has retreated and is currently trading at Rs. 357 per equity share. 

Reason Behind the Surge

Bondada Engineering Limited has received a big order from NTPC Green Energy Limited for a 600 MW Solar PV project at Fatehgarh, Rajasthan. The company will handle Balance of System (BOS) works under the EPC model. The project also includes operation and maintenance services for three years. The total value of the order is about Rs. 816 crore, and the execution period is 16 months.

This is the second major order received by Bondada from the NTPC Group. With this order, the company’s total orders from the NTPC Group have reached around Rs. 1,207 crore. The repeat business shows NTPC’s trust in Bondada’s work quality, project execution, and delivery capabilities in the renewable energy sector.

After receiving this order, Bondada’s total Solar EPC order book has increased to nearly 5.3 GWp. The project is expected to support future revenue growth and improve business visibility in the coming quarters.

Order Book

Bondada Engineering Limited has a strong order book spread across different states in India, with a total order value of around Rs. 7,147 crore. Maharashtra leads with orders worth Rs. 1,566 crore, followed by Gujarat at Rs. 1,551 crore and Tamil Nadu at Rs. 1,001 crore. Rajasthan also contributes around Rs. 960 crore, mainly from renewable energy projects. The company is expanding strongly in solar, telecom, railways, and BESS businesses across multiple regions.

The company also has major projects in Andhra Pradesh worth Rs. 830 crore, Telangana at Rs. 420 crore, Uttar Pradesh at Rs. 390 crore, and Karnataka at Rs. 255 crore. Renewable energy remains the largest business segment, while telecom, defence, railways, and products businesses also support growth. This diversified presence across India improves Bondada’s future revenue visibility and long-term business growth.

Company Overview

Bondada Engineering Limited is an Indian engineering and infrastructure company focused on EPC (engineering, procurement and construction) and O&M (operations and maintenance) services across renewable energy, telecom, railways, battery storage and emerging infra verticals. It has rapidly scaled from a small EPC player into a multi-thousand-crore enterprise with pan-India operations.

Recent Quarter Results

Coming into financial highlights, Bondada Engineering Limited’s revenue has increased from Rs. 714 crore in Q4 FY25 to Rs. 914 crore in Q4 FY26, which has grown by 28.01 percent. The net profit has also grown by 12.50 percent from Rs. 56 crore in Q4 FY25 to Rs. 63 crore in Q4 FY26. Bondada Engineering Limited’s revenue and net profit have grown at a CAGR of 58.19 percent and 87.94 percent, respectively, over the last five years.

In terms of return ratios, the company’s ROCE and ROE stand at 38.7 percent and 35.7 percent, respectively. Bondada Engineering Limited has an earnings per share (EPS) of Rs. 18.2, and its debt-to-equity ratio is 0.42x.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Infra Stock Jumps 4% After Receiving ₹816 Cr Order from NTPC Green for Solar Project appeared first on Trade Brains.