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BGR Energy Systems shines on bagging order worth Rs 2,299.87 crore from APGENCO

07 Jul 2016

BGR Energy Systems is currently trading at Rs 132.30, up by 13.55 points or 11.41% from its previous closing of Rs. 118.75 on the BSE.

The scrip opened at Rs. 118.35 and has touched a high and low of Rs. 133.50 and Rs. 118.00 respectively. So far 465010 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 147.40 on 07-Aug-2015 and a 52 week low of Rs. 89.40 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 121.70 and Rs. 112.15 respectively. The current market cap of the company is Rs. 888.67 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 4.28% and 20.72% respectively.

BGR Energy Systems has received a Letter of Intent (LoI) from Andhra Pradesh Power Generation Corporation (APGENCO) whereby APGENCO has awarded a contract for execution of Balance of Plant equipment/systems including civil works for 1 x 800MW - Dr. Narla Tata Rao Thermal Power Station, Stage - V (1X800 mw), unit-8 at lbrahimpatnam, Krishna District, Andhra Pradesh on EPC basis. The total lump sum price of the contract is Rs 2,299.87 crore and the completion period is 36 months from the date of award.

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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