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BGR Energy Systems zooms as its Electrical Projects Division secures orders worth Rs 573.32 crore

10 Feb 2020

BGR Energy Systems is currently trading at Rs. 38.25, up by 2.30 points or 6.40% from its previous closing of Rs. 35.95 on the BSE.

The scrip opened at Rs. 36.60 and has touched a high and low of Rs. 39.70 and Rs. 36.60 respectively. So far 84380 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. 39.70 and Rs. 34.95 respectively. The current market cap of the company is Rs. 275.30 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 1.44% and 23.56% respectively.

BGR Energy Systems -- Electrical Projects Division has secured orders for an aggregate value of Rs 573.32 crore. First order is from Jharkhand Urja Sancharan Nigam (JUSNL), Ranchi for supply, installation, testing and commissioning of 3 Nos. 132/33 kV GIS Substations at Sundarnagar, Sarath and Chattarpur on Turnkey basis. The total value of the contract is Rs 124.13 crore (exclusive of GST). The contract completion period is 24 months.

Second order is from Nuclear Power Corporation for supply, testing and delivery of control & instrumentation package of various systems, erection and commissioning for Kudankulam Nuclear Power Plant 3 & 4 Project. Total value of the orders is Rs 449.19 crore (inclusive of GST). The contract completion period is 50 months.

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

Related BGR Energy Systems Ltd. Links:

BGR Energy Systems Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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