Hot Pursuit     30-Aug-11
NPCIL order powers BGR Energy Systems
BGR Energy Systems surged 3.8% to Rs 324 at 12:24 IST on BSE after the company's electrical projects division secured new order worth Rs 444.48 crore from Nuclear Power Corporation of India.

The company announced the new order win after market hours on Monday, 29 August 2011.

Meanwhile, the BSE Sensex was up 85.90 points, or 0.52% to 16,502.23.

On BSE, 81,120 shares were traded in the counter as against an average daily volume of 91,378 shares in the past one quarter.

The stock hit high of Rs 331.60 and a low of Rs 320 so far during the day.

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

BGR Energy Systems said the latest order from Nuclear Power Corporation of India (NPCIL) is for supply and commissioning main plant electrical systems at two upcoming nuclear power plants in Rajasthan and Gujarat. The project is expected to be completed between September 2015 and March 2016.

BGR Energy Systems' net profit fell 17% to Rs 50.25 crore on 19.2% decline in net sales to Rs 731.18 crore in Q1 June 2011 over Q1 June 2010.

BGR Energy Systems undertakes turnkey project engineering and contracting. It supplies systems and equipment for power and oil & gas sector.

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