Bondada Engineering Surges on ₹185 Crore Fundraising Plan

Bondada Engineering’s shares rose 7.33% following board approval to raise up to ₹185 crore through equity shares, debentures, and other securities. The funds will support its infrastructure projects in telecom and solar energy. The proposal includes issuing 31.25 lakh shares at ₹591.90 each, pending approvals. With a 167% profit increase and a 116% revenue rise in FY24, Bondada is capitalizing on strong growth.