Bondada Engineering's shares surged by 4% in early trade on January 1, following the company's announcement of acquiring a 60% stake in Atpole Technologies for Rs 2.19 crore. At 9:28 am, Bondada Engineering was trading at Rs 413.90, reflecting a gain of Rs 16.65, or 4.19%, on the BSE. The Board, in a meeting held on December 29, approved the acquisition of a significant stake (30,000 equity shares of Rs 10 each) in the paid-up equity share capital of Atpole Technologies Private Limited (ATPOLE), making it a subsidiary of Bondada Engineering.

Atpole Technologies specializes in manufacturing advanced torque motors and controllers catering to various sectors, including EVs two and three-wheelers, drones, defence, and industrial applications. This strategic acquisition positions Bondada Engineering to make significant strides in the renewable energy space. The move aligns with the company's broader vision to enhance its presence in the Brushless Direct Current (BLDC) motor business segment, with plans to serve all-electric vehicle manufacturing companies by leveraging synergies with its existing operations.

Following the acquisition, Bondada Engineering aims to rapidly expand its footprint in the BLDC motor business, capitalizing on the growing demand for electric vehicles. The integration of Atpole Technologies' expertise in torque motors and controllers is expected to bolster Bondada Engineering's capabilities and offerings in the evolving market.

In addition to the acquisition news, Bondada Engineering reported receiving work orders from Bharti Airtel on December 27 for the supply of 6-meter GI poles weighing 60kg (hot-dipped galvanized) without a base, totalling 5,000 pieces and amounting to Rs 3,24,50,000 for Tamil Nadu. Furthermore, on December 8, Bharat Sanchar Nigam Limited approved the outsourcing of SLA-based comprehensive maintenance of Optical Fiber Cable (OFC) infrastructure, including existing OFC of BSNL and incremental OFC laid by BSNL, Field Level Maintenance (FLM) of GPON Equipment, and Bharatnet Network in the Assam, NE-1, and NE-2 telecom circles, totalling Rs 18,04,30,756.

November saw Bondada Engineering securing work orders from Pace Digitek Infra Private Limited for the supply of 40-meter Ground Towers, designed to withstand speeds of up to 200 KMPH, totaling 200 units to be supplied to Gujarat and Maharashtra, with a cumulative worth of Rs 20,18,13,474.

The recent series of developments positions Bondada Engineering as a dynamic player in multiple sectors, aligning with industry trends and capitalizing on emerging opportunities in renewable energy, telecommunications, and infrastructure projects. As the company strategically diversifies its portfolio and strengthens its position in key markets, investors are responding positively to its forward-looking approach.