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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bondada Engineering's subsidiary, Bondada Green Engineering Private Limited, has received a Letter of Intent from JMR Clean Energy Private Limited for the supply of Column Posts and Module Mounting Structures (MMS - Galvalume Purlins, Rafters and Bracing) for MSEDCL Solar Projects. The order value is Rs. 13.30 crore inclusive of GST. The execution timeline is 90 days from receipt of the work order. The order is domestic in nature and is not a related party transaction. Management stated the LOI strengthens the company's order book and pipeline in the renewable energy infrastructure space.
Adds a new order worth ~Rs. 13.3 crore to the order book in the solar/renewable energy segment, with execution expected within 90 days, providing near-term revenue visibility. As the order comes via a private EPC partner for a state utility (MSEDCL) project, investors should track execution timelines and conversion of LOI to a formal purchase order.