The BINGO (Baryon Acoustic Oscillations (BAO) from Integrated Neutral Gas Observations) radio telescope will map the Universe using neutral Hydrogen emission line in redshift range 0.13 ≤ z ≤ 0.45. The main expected result is to probe  BAO. In addition, the instrument optical design and hardware configuration support the search for Fast Radio Bursts (FRBs) and other transients. In this talk, we discuss the efficiency of the BINGO radio telescope and its planned system of outriggers to detect FRBs.  We also briefly report on the status of the current construction of the radio telescope in the site in the State of Paraiba, Brazil.