BGR Energy secures contract worth Rs 4900 crore, Stock surges 13%
BGR Energy Systems has secured an EPC contract worth Rs 4,900 crore from Rajasthan Rajya Vidyut Utpadan Nigam for two 600 MW Kalisindh Thermal Power Project.
Recently, the company has won a contract to build a 600-mw power plant in Mettur, Tamil Nadu. The order is worth Rs 3100 crore ($718.4 million).
BGR Energy Systems Limited engages in the manufacture and supply of tube cleaning system, and debris separator and cleaning balls for thermal, nuclear, and desalination plants worldwide.
With this order BGR's order book has gone up three-fold to stand at Rs 11,000 crore.
Shares of the company gained Rs 29, or 13%, to settle at Rs 247. The total volume of shares traded was 1652551 at the BSE. (Wednesday)