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BGR Energy surges on receiving contract for supply of 2x660 MW Super-critical boilers

02 May 2012 Evaluate

BGR Energy Systems is currently trading at Rs. 338.15, up by 9.25 points or 2.81% from its previous closing of Rs. 328.90 on the BSE.

The scrip opened at Rs. 332.70 and has touched a high and low of Rs. 338.85 and Rs. 330.00 respectively. So far 132743 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 555.00 on 02-May-2011 and a 52 week low of Rs. 172.55 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 356.90 and Rs. 322.90 respectively. The current market cap of the company is Rs. 2406.59 crore.

The promoters holding in the company stood at 81.13% while Institutions and Non-Institutions held 3.35% and 15.52% respectively. 

BGR Energy Systems has received Letter of Award (LoA) from Meja Urja Nigam, a joint venture company of NTPC and UPRVUNL for supply of 2x660 MW Super-critical boilers to be set up at Meja in the state of Uttar Pradesh. The order is valued at about Rs 1855 crore. The execution period of the contract is 48 months. The contract provides for price variation and foreign exchange variation risk is fully protected.

Earlier on April 9, 2012, the company received LoA from NTPC for the supply of 2x660 MW super-critical boilers to be set up at Solapur in the state of Maharashtra.

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

350.35 -2.85 (-0.81%)
17-Apr-2026 16:59 View Price Chart
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