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BGR Energy Systems trades jubilantly on receiving contract of Rs 4442.75 crore

16 Dec 2019 Evaluate

BGR Energy Systems is currently trading at Rs. 40.70, up by 5.20 points or 14.65% from its previous closing of Rs. 35.50 on the BSE.

The scrip opened at Rs. 38.50 and has touched a high and low of Rs. 42.55 and Rs. 37.25 respectively. So far 249232 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.25 on 13-Mar-2019 and a 52 week low of Rs. 28.00 on 19-Nov-2019.

Last one week high and low of the scrip stood at Rs. 42.55 and Rs. 29.30 respectively. The current market cap of the company is Rs. 295.50 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 3.11% and 21.89% respectively.

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.

BGR Energy Systems Share Price

326.25 -17.15 (-4.99%)
23-Apr-2026 16:59 View Price Chart
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