Bondada Engineering Limited has announced that its subsidiary, Bondada Green Engineering Private Limited (BGEPL), has received a work order from SR Power Systems India Private Limited. This significant development comes in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and adherence to regulatory guidelines.

Key Details of the Work Order

The work order pertains to the supply of 220KV MS tower parts to be delivered at Mancherial, Telangana. The total consideration for this order amounts to Rs. 4,91,21,925 (approximately Rs. 4.91 crore), including GST. The order is expected to be executed within one week after receiving drawing approval from SR Power Systems India.

This contract represents a domestic supply order and is not categorized under related party transactions, ensuring that it is conducted on an arm's length basis.

Details of the Work Order

• Entity Awarding the Order: M/s. SR Power Systems India Private Limited

• Nature of the Order: Supply of 220KV MS tower parts to be delivered at Mancherial, Telangana.

• Total Order Value: Rs. 4.91 crore (including GST).

• Order Execution Timeline: Expected to be completed within one week of drawing approval.

• Related Party Transaction: The transaction does not fall under related party transactions, as there is no interest from the promoter group or group companies in SR Power Systems India.

Strategic Importance for Bondada Engineering

The receipt of this work order reinforces Bondada Engineering’s position in the power infrastructure sector and strengthens its existing relationship with SR Power Systems India, a prominent player in the industry. This order also boosts Bondada’s order book and is expected to contribute positively to its revenue in the coming months.

Compliance with SEBI Regulations

Bondada Engineering has complied with SEBI’s Listing Regulations, ensuring that all necessary disclosures have been made in a timely manner. The company’s transparency in reporting and adherence to regulatory requirements reflect its commitment to good corporate governance and investor relations.

Business Outlook and Future Growth

The work order from SR Power Systems India is just one of the many steps in Bondada Engineering’s ongoing expansion strategy. With a growing demand for power infrastructure components across the country, this order sets a strong precedent for future business opportunities in the sector. The company’s reputation for high-quality products and timely delivery positions it to secure further work orders and expand its presence in the industry.

Key Takeaways

1. Work Order Awarded: Bondada Green Engineering received a Rs. 4.91 crore work order for the supply of 220KV MS tower parts from SR Power Systems India.

2. Order Timeline: The order will be executed within one week of drawing approval and involves domestic supplies.

3. No Related Party Involvement: The transaction does not involve related party transactions and is conducted on an arm's length basis.

Conclusion

The receipt of this work order from SR Power Systems India marks an important achievement for Bondada Engineering Limited and demonstrates its growing capabilities in the power infrastructure sector. With a focus on timely delivery and quality products, Bondada Engineering is well-positioned for continued growth and success in the domestic market.

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