Bondada gets Rs 41.01 Cr smart meter LOI from Telangana discom

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹289.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-0.1% vs market

Telecom - Infrastructure peers, median of 5sector-0.9%+0.6% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.6 pts more than its Telecom - Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Telecom - Infrastructure peers, median of 5Pending

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AI summary

Bondada Engineering, through its JV with BEST Infra, received a Letter of Intent from TGNPDCL (Telangana state discom) for a smart energy metering project worth Rs 41.01 crore. Scope includes supply, installation, commissioning, and maintenance of 40,000 smart meters (12,500 single-phase plus 27,500 three-phase), along with cloud-based HES, MDAS and MDMS systems. Execution period: 11 months from PO date. Project will be executed via subsidiary Bondada E&E.

Likely market impact

Positive for revenue visibility. Government client lowers counterparty risk. Execution routed through subsidiary Bondada E&E.