Meanwhile, the BSE Sensex was up 85.74 points, or 0.52%, to 16,728.40.

On BSE, 100 shares were traded in the counter as against an average daily volume of 1.27 lakh shares in the past one quarter.

The stock hit a high of Rs 489.90 and a low of Rs 487 so far during the day. The stock had hit a 52-week high of Rs 524.80 on 1 September 2009 and a 52-week low of Rs 107 on 9 March 2009.

The mid-cap stock outperformed the market over the past one month till 9 October 2009, rising 8.95% as compared to the Sensex's 2.84% rise. It had also outperformed the market in the past one quarter, surging 73.75% as compared to the Sensex's return of 20.97%.

The company's equity capital is Rs 72 crore. Face value per share is Rs 10.

The current price of Rs 487 discounts the company's Q1 June 2009 annualized EPS of Rs 11.24, by a PE multiple of 43.32.

As per reports, the manufacturing facility would be placed between Chennai and Puducherry or near Cheyyur at Kancheepuram district in Tamil Nadu.

BGR Energy had on 28 August 2009 secured a contract worth Rs 1633.71 crore from Chhattisgarh State Power Generation Company (CSPGCL) for commissioning two 500-megawatt (MW) coal based Marwa thermal power projects. The contract is with a price escalation clause with a ceiling of 15% with respect to increase in raw materials, equipment and labour costs

The company's current order book is over Rs 12,500 crore, which is 6.50 times its sale of Rs 1922.10 crore for the year March 2009, giving strong revenue visibility.

BGR Energy had on 24 August 2009 received a contract worth Rs 27.14 crore from Nuclear Power Corporation of India for supply of motor control centers at a project at Kalpakkam, Tamil Nadu.

BGR Energy Systems' net profit rose 17.5% to Rs 20.24 crore on 1.4% rise in net sales to Rs 311.07 crore in Q1 June 2009 over Q1 June 2008.

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