The announcement was made during trading hours today, 17 November 2011.

Meanwhile, the BSE Sensex was down 46.37 points, or 0.28%, to 16,729.50.

On BSE, 1.15 lakh shares were traded in the counter as against an average daily volume of 1.68 lakh shares in the past one quarter.

The stock hit a high of Rs 290.80 and a low of Rs 274 so far during the day. The stock had hit a 52-week low of Rs 267.60 on Wednesday, 16 November 2011. The stock had hit a 52-week high of Rs 783.95 on 16 November 2010.

The stock had underperformed the market over the past one month until 16 November 2011, sliding 17.46% compared with the Sensex's 1.80% decline. The scrip had also underperformed the market in past one quarter, falling 15.24% as against 0.27% rise in the Sensex.

The mid-cap engineering company has an equity capital of Rs 72.16 crore. Face value per share is Rs 10.

BGR Energy Systems said the order is for setting up two 300 megawatts coal based thermal power projects in Chhattisgarh. The turnkey contract completion schedule will be 29 months for unit I and 32 months for unit II. The proposed project has forest and environment clearances. BGR said coal linkage is tied up with South Eastern Coal.

The company said the order value includes foreign currency content of $188 million at an exchange rate of Rs 44.70. The contract provides foreign exchange variation protection to the company at actual exchange rate.

Net profit of BGR Energy Systems declined 33.95% to Rs 51.35 crore on 32.03% decline in net sales to Rs 770.57 crore in Q2 September 2011 over Q2 September 2010.

BGR Energy is a turnkey engineering and contracting company. It makes 22 high technology equipments for power, process and infrastructure projects for the world markets.