The company made this announcement during trading hours yesterday, 1 July 2008, when the stock had declined 4.03% to Rs 212.95.

The BSE Sensex was up 133.16 points, or 1.03%, to 13,094.84.

On BSE, 13,521 shares were traded in the counter. The scrip had an average daily volume of 64,324 shares in the past one quarter.

The stock hit a high of Rs 228 and a low of Rs 219 so far during the day. The stock had a 52-week high of Rs 988 on 4 January 2008 and a 52-week low of Rs 210 on 1 July 2008.

The mid-cap company had underperformed the market over the past one month till 1 July 2008, declining 35.17% compared to the Sensex’s decline of 19.31%. It had also underperformed the market in the past one quarter, declining 41.63% compared to Sensex’s decline of 17.71%.

The company has an equity capital of Rs 72 crore. Face value per share is Rs 10.

The current price of Rs 223 discounts its Q4 March 2008 annualised EPS of Rs 17.73, by a PE multiple of 12.58.

The contract is to be executed in 39 months. With this latest order, the order book of the company stands at over Rs 6000 crore.

In June 2008, BGR Energy Systems’ oil & gas division bagged a contract worth $9.29 million for manufacture of 70 oil product storage tanks for Aumara oil products depot in Iraq.

BGR Energy Systems reported a net profit of Rs 31.91 crore on net sales of Rs 578.61 crore in Q4 March 2008. The figures of the corresponding previous year period were not available.

BGR Energy Systems is a supplier of systems and equipment for the power, oil and gas, petrochemical and process industries.