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BGR Energy Systems receives contract of Rs 4442.75 crore

13 Dec 2019

BGR Energy Systems has received a contract by Tamil Nadu Generation and Distribution Corporation (TANGEDCO) for execution of 1x660 MW Supercritical Ennore Thermal Power Station Expansion Project under EPC basis. The Scope of contract includes design, engineering and supply of all equipment, civil works, erection, testing and commissioning of all systems and performance guarantee of power plant.

The total value of the project is Rs 4442.75 crore including all taxes and duties to complete the contract. The overall contract completion period is 36 months from the date of letter of intent. The contract provides for payment in foreign currency for imported items up to $114.49 million and adjustment of price due to change in rates of taxes and duties.

BGR Energy Systems is a holding company. The company is engaged in construction and maintenance of power plants.

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BGR Energy Systems Share Price

59.90 0.20 (0.34%) Dec 03, 12:31
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