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BGR Energy Systems acquires 100% equity stake in Sravanaa Properties

05 Nov 2012 Evaluate

BGR Energy Systems has acquired 100% of the equity share capital of Sravanaa Properties, which owns landed property in Chennai. The company has made this acquisition on November 02, 2012 and company intends to set up its office in this land property to house the operating divisions and corporate office of the company.

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.

Peers
Company Name CMP
Larsen & Toubro 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
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