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BGR Energy bags three orders worth Rs 45 crore

BGR Energy Systems Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532930 | NSE: BGRENERGY

16 Nov 2009 Evaluate

BGR Energy Systems Ltd, engaged in the business of engineering, procurement and construction (EPC) contracting and balance of plant (BOP) contracting for power sector in India, has bagged three orders worth Rs 45 crore.

Following are the details of contract:

a) for supply of 72 bundles of air heaters for “receiving and re-gassification terminal” of Petronet LNG Ltd

b) for supply of 46 number of air cooled heat exchanges (ACHE) for naphtha hydro treating unit (NHT) and vacuum gas oil hydro treating unit (VGO HDT) from HPCL - Mittal Energy Ltd

c) for supply of 30 number of ACHE for its refinery expansion project at Vadinar, Gujarat.

BGR Energy has obtained a contract from CINDA, a subsidiary of Taiwan-based largest integrated engineering and construction firm - “CTCI Corporation,” for design, engineering and supply of 72 bundles of air heaters for “receiving and regassification terminal” of Petronet LNG Ltd and Kochi, Kerala. The contract packages will be delivered by November 2010.

The company believes that this contract can pave way for the company to enter into the international market in LNG processing and open up opportunities in the growing gas sector in India.

With these orders, the order book of the company has grown four fold in 18 months - from Rs 3,200 crore at the beginning of the financial year 2008-09 to Rs 12,200 crore now.

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BGR Energy Systems Share Price

316.90 15.05 (4.99%)

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BGR Energy bags three orders worth Rs 45 crore

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