The announcement was made after trading hours on Wednesday, 29 February 2012.

On BSE, 1.41 lakh shares were traded in the counter as against average daily volume of 3.17 lakh shares in the past one quarter.

The stock hit a high of Rs 373.90 and a low of Rs 360 so far during the day. The stock had hit a 52-week low of Rs 172.55 on 2 January 2012. The stock had hit a 52-week high of Rs 588 on 21 April 2011.

The stock had outperformed the market over the past one month till 29 February 2012, rising 49.52% compared with the Sensex's 3.01% gain. The scrip had also outperformed the market in past one quarter, surging 40.3% as against Sensex's 10.9% gain.

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

The BGR Energy Systems stock had rallied 25.6% in two trading sessions to settle at Rs 368.35 on Wednesday, 29 February 2012, from a recent low of Rs 293.25 on 27 February 2012.

BGR Energy Systems after market hours on Wednesday, 29 February 2012, said it has emerged as the lowest bidder in all five projects for NTPC's 11 x 660 megawatts (MW) super-critical boiler tender. As per tender conditions of NTPC, BGR Energy will be awarded contracts for three projects. The aggregate value of contract is about Rs 6500 crore. BGR Energy has competed against Bhel and L&T, who are other qualified bidders, BGR Energy said in a statement.

These contracts will be executed over 48 months with delivery of components commencing from tenth month and commissioning of boilers by 48 months. The contract terms include price variation clause and foreign exchange variation clause, BGR Energy said in a statement.

This tender is part of Government of India's (GoI) ambitious plans to add power generation capacity in India by adopting environmentally superior super-critical technology and with an objective to import and indigenise technology for manufacture of super-critical boiler and steam turbine generator, BGR Energy said in a statement.

BGR Energy Systems' current order book stands at Rs 8200 crore.

BGR Energy Systems' net profit fell 37.5% to Rs 54.74 crore on 35.9% decline in net sales to Rs 802.34 crore in Q3 December 2011 over Q3 December 2010.

BGR Energy Systems is a leading company in the business of turnkey engineering and contracting for balance of plant (BoP) and full service engineering, procurement and construction (EPC) for power projects in India and LSTK contracts for oil and gas projects in India and abroad. The company designs and manufactures 22 high technology equipment/systems for power, process and infrastructure projects for the world markets.