Synopsis:

The Panchayati Raj Department of the Government of Bihar has issued a Letter of Intent worth Rs.63.86 crore to M/s Bondada E&E Private Limited, a subsidiary of Bondada Engineering Limited, for implementing Phase-IV of the Mukhyamantri Gramin Solar Street Light Yojana across selected districts in Bihar.

The shares of a small-cap company engaged in providing EPC services, as well as Operations and Maintenance support for clients in the telecom and solar energy sectors, caught investors’ attention after winning a contract from the Panchayati Raj Department, Government of Bihar.

With the market capitalization of Rs.4,337.08 crores, the shares of Bondada Engineering Limited are trading at Rs.388.65, up by 1.15 percent from its previous day’s closing price of Rs.384.25 per equit

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