Hot Pursuit     04-Mar-11
New orders power BGR Energy Systems
BGR Energy Systems gained 2.36% to Rs 448.80 at 11:21 IST on BSE, after the company secured two orders aggregating Rs 29.76 crore from Powergen Infrastructure, UAE for condensate polishing units.

The company announced the new orders during trading hours today, 4 March 2011.

Meanwhile, the BSE Sensex was up 134.53 points, or 0.73%, to 18,624.29.

On BSE, 1.12 lakh shares were traded in the counter as against average daily volume of 1.45 lakh shares over the past one quarter.

The stock hit a high of Rs 453.50 and a low of Rs 440.05 so far during the day. The stock had hit a 52-week high of Rs 871 on 8 September 2010 and a 52-week low of Rs 402.10 on 28 February 2011.

The mid-cap stock had underperformed the market over the past one month till 3 March 2011, declining 20.99% compared with the Sensex's return of 0.22%. The stock had underperformed the market in past one quarter, falling 41.29% as against Sensex's decline of 7.40%.

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

BGR Energy Systems it has bagged the latest orders from Powergen Infrastructure, UAE for commissioning two condensate-polishing units (CPU) for Adani Power Maharashtra's upcoming super critical power projects in Maharashtra and Rajasthan.

BGR Energy Systems' net profit soared 108.9% to Rs 87.55 crore on 97% surge in net sales to Rs 1251.07 crore in Q3 December 2010 over Q3 December 2009.

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