India, July 27 -- Infrastructure companies are shifting from engineering and project execution to power-generating assets in India's renewable energy sector. Through long-term electricity sales, Independent Power Producer (IPP) projects generate stable cash flows, unlike EPC contracts. This transition is helping companies create long-term revenue streams and improve earnings visibility. Bondada Engineering announced a strategic acquisition to increase its renewable energy asset ownership.

Shares of Bondada Engineering Limited were trading at Rs 304, down by 0.77%. The stock opened at Rs 307.5, reached a day's high of Rs 312.5, and has so far recorded a day's low of Rs 304. The company's current market capitalisation is Rs 3,400 crore, an...