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BGR Energy shines on securing new orders worth Rs 300 crore

24 Nov 2015

BGR Energy Systems is currently trading at Rs. 115.40, up by 4.40 points or 3.96% from its previous closing of Rs. 111.00 on the BSE.

The scrip opened at Rs. 111.20 and has touched a high and low of Rs. 117.40 and Rs. 110.90 respectively. So far 143968 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.60 on 09-Dec-2014 and a 52 week low of Rs. 98.70 on 08-Sep-2015.

Last one week high and low of the scrip stood at Rs. 117.40 and Rs. 109.70 respectively. The current market cap of the company is Rs. 834.19 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 4.43% and 20.57% respectively.

BGR Energy has received new order worth Rs 300 crore in the electrical sub-section segment through its Electrical Projects Division. It consists of two substation contracts from state utility Transmission Corporation of Telangana (TSTRANSCO) and an e-BoP contract from National power major NTPC.

The two orders secured from TSTRANSCO include construction of 400/220 kv Substation at Lulurupadu (Bommanapalli) in Khammam district and Construction of 400/220 kV AIS Substation at Nirmal in Adilabad district on turnkey basis in Telangana State. The order from NIPC is for Electrical Equipment Supply and Erection Package for TANDA Thermal Power Project Stage II at Vidyut Nagar District, Uttar Pradesh on turnkey basis.

BGR Energy Systems is engaged in supplying of systems and equipment and contracting turnkey engineering project. The company started as a joint venture between GEA Energietechnik GmbH, Germany and the promoter B G Raghupathy in order to produce and sell on-line condenser tube cleaning systems, debris filters and rubber cleaning balls used in thermal and nuclear power plants.

 

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BGR Energy Systems Share Price

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