BGR Energy Systems shines on bagging BoP contract worth Rs 2600 crore

01 Nov 2016 Evaluate

BGR Energy Systems is currently trading at Rs. 124.80, up by 7.00 points or 5.94% from its previous closing of Rs. 117.80 on the BSE.

The scrip opened at Rs. 117.80 and has touched a high and low of Rs. 128.30 and Rs. 117.80 respectively. So far 230109 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 138.80 on 06-Jan-2016 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. 128.30 and Rs. 114.15 respectively. The current market cap of the company is Rs. 877.85 crore.

The promoters holding in the company stood at 75.00%, while institutions and non-institutions held 4.05% and 20.95% respectively.

BGR Energy Systems has bagged Balance of Plant (BoP) contract worth Rs 2600 crore from TANGEDCO for 1 x 800 MW North Chennai Thermal Power Project - Stage III. The company has secured this contract in an International competitive bidding which witnessed stiff competition. The contract completion period is 36 months from the date of award.

The contract is for Design, Engineering, Manufacturing, Fabrication, Assembly, Inspection, Testing, Transportation, Erection, Testing and commissioning of the Balance of Plant Mechanical, Electrical and Control & Instrumentation works including associated civil works for establishment of Coal based 1x 800 MW North Chennai Supercritical Thermal Power Project Stage-III in the premises of existing NCTPS at Ennore & Puzhudhivakkam Village, Thiruvallur District, Tamil Nadu.

The salient features of this expansion project include a large coal handling system with 2 Nos. Shore Unloaders for unloading of coal from the 'shios. It also features the state-of-the-art 765 kV Gas Insulated Switchgear based substation. The contract provides for foreign exchange and statutory levies variations.

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.

BGR Energy Systems Share Price

36.90 0.72 (1.99%)
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