NLC India Awards Rs 939-Crore Order To Bondada Engineering

Bondada Engineering Ltd. received an order worth Rs 939 crore from NLC India Ltd. on Wednesday to set up a solar power plant at Khavda in Gujarat.

The company has received an order for balance of system work for setting up a 600 MW grid-connected solar power plant.

The order also includes the operation and maintenance of the plant for three years from its operating date. The engineering, procurement and construction companies are expected to complete the project within 15 months, according to an exchange filing.

Shares of the company closed 5% higher at Rs 2,236 on Wednesday, as compared with a 0.20% rise in the S&P BSE Sensex.