BGR Energy Systems jumps on inking MoU with Government of Tamil Nadu

BGR Energy Systems Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532930 | NSE: BGRENERGY

06 Nov 2012 Evaluate

BGR Energy Systems is currently trading at Rs. 270.35, up by 4.25 points or 1.60% from its previous closing of Rs. 266.10 on the BSE.

The scrip opened at Rs. 269.95 and has touched a high and low of Rs. 270.75 and Rs. 269.00 respectively. So far 4,649 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 373.90 on 01-Mar-2012 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. 272.80 and Rs. 259.35 respectively. The current market cap of the company is Rs. 1,950.00 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, a leading EPC & BOP company in the industry, signed a MoU with the Government of Tamil Nadu for establishing facilities for manufacturing supercritical Boilers, Turbine and generator in technical collaboration with Hitachi Japan and Hitachi Europe.

BGR Energy and Hitachi will be investing Rs 2,750 crore in establishing manufacturing facilities for BGR Boilers and BGR Turbines at two locations in Cheyyur Taluk, Kanchipuram district, Tamil Nadu. These facilities are estimated to provide direct employment to 2400 people and indirect employment to over 10000 people. The manufacturing facilities are expected to be ready for operation in phases from the last quarter of 2013-14. BGR Energy has already secured 6X660 MW orders from NTPC for super critical boilers and 4X 800 MW orders for Turbine and Generators with an order pipeline aggregating to Rs 7,961 crore.

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

303.00 3.80 (1.27%)

13-Jul-2026 16:01 View Price Chart

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