Bondada Engineering Secures Rs 125 Crore Credit Facilities from SBI for Working Capital and Projects
Bondada Engineering Limited has obtained credit facilities worth Rs 125 crore from the State Bank of India. The facility includes a Rs 25 crore fund-based working capital limit and Rs 100 crore in non-fund-based limits. The company plans to use these funds primarily for working capital requirements of ongoing projects, aiming to enhance its operational capabilities and project execution capacity.

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Bondada Engineering has successfully obtained credit facilities worth Rs 125.00 crore from the State Bank of India (SBI), as announced by the company in a recent regulatory filing. This financial boost is set to support the company's working capital needs and ongoing projects, signaling a significant development for the engineering firm.
Credit Facility Details
The credit facilities sanctioned by SBI comprise two main components:
Type of Facility | Amount (in Crore) |
---|---|
Fund-based working capital limit | Rs 25.00 |
Non-fund-based limits | Rs 100.00 |
Total | Rs 125.00 |
Purpose and Impact
The company stated that the funds raised through this sanction will be primarily utilized for working capital requirements of ongoing projects. This infusion of capital is expected to enhance Bondada Engineering's operational capabilities and project execution capacity.
Management Statement
In the regulatory filing, Bondada Engineering emphasized the significance of this financial arrangement, stating:
"The funds which shall be raised through this sanction will significantly be used for working capital requirements of ongoing projects."
About Bondada Engineering Limited
Bondada Engineering Limited, formerly known as Bondada Engineering Pvt Ltd, is headquartered in Hyderabad, Telangana. The company operates in the engineering sector, with its registered office located at Plot No-37, Ashok Manoj Nagar, Kapra, Hyderabad.
Conclusion
This development underscores the company's focus on strengthening its financial position to support its ongoing operations and project pipeline. Investors and stakeholders will likely be keeping a close eye on how this additional capital impacts Bondada Engineering's performance in the coming quarters.
Historical Stock Returns for Bondada Engineering
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.21% | -0.12% | +18.68% | -28.46% | +81.88% | +1,267.48% |