BGR Energy Systems, Chennai-based power equipment maker, is looking to bag orders worth Rs 15,000 crore this fiscal compared to Rs 3,500 crore in 2009-10. BGR currently has an order-book of Rs 10,200 crore, 93% of which is in boiler, turbine, generator (BTG) and balance of plant (BoP) jobs for power projects and 7% in products such as equipment for the oil & gas industry.
The company has put in bids for about four projects worth Rs 14,000 crore, including for the engineering, procurement and construction work for a 2X660 mw power plant in Rajasthan worth Rs 12,000 crore. Moreover, BGR is looking to double its orders in the product division to Rs 320 crore. Order inflows for the company dropped last fiscal to Rs 3,500 crore from Rs 8,000 crore in 2008-09.
BGR is looking to spend Rs 100 crore this year as capex on the acquisition of construction equipment. BGR, which now imports BTG, will soon start manufacturing supercritical turbines and generators in Tamil Nadu in association with Japan’s Hitachi.
The company is targeting a 60% growth in both its topline and bottomline this fiscal. Other than equipment and EPC, BGR also has power generation plans. It recently bagged a 1,320 mw coal-fired plant project in Orissa and is also developing a 2X660 mw coal-based project in Cuddalore, Tamil Nadu.