The company made this announcement after market hours on Thursday, 7 January 2010.

Meanwhile, the BSE Sensex was down 32.44 points, or 0.18%, to 17,583.28.

On BSE, 67,737 shares were traded in the counter as against an average daily volume of 52,963 shares in the past one quarter.

The stock hit a high of Rs 539.50 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 521.15 so far during the day. The stock hit a lifetime low of Rs 107 on 9 March 2009.

The mid-cap stock had outperformed the market over the past one month till 7 January 2010, rising 5.53% as compared to the Sensex's 3.72% rise. It had also outperformed the market in the past one quarter, gaining 9.84% as compared to the Sensex's return of 4.81%.

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

The current price of Rs 539.10 discounts the company's Q2 September 2009 annualized EPS of Rs 16.98, by a PE multiple of 31.75.

BGR Energy signed a collaboration agreement for 15-years covering India, Sri Lanka and Bangladesh and other overseas markets. Nooter/Eriksen will provide marketing, sales and technical support to BGR Energy on a continuous basis during the agreement period, BGR said in a filing with BSE.

Nooter/Eriksen, Inc. is the world's leading supplier of natural circulation heat recovery steam generators (HRSGs) with footprints in America, Europe, Middle East and Africa.

Besides, BGR Energy proposes to set up additional manufacturing facility in its existing factory at Panjetty near Chennai. The major raw-material for HRSG is high frequency welded finned tubes which is already manufactured by BGR Group for the last 20 years.

In November 2009, BGR Energy bagged three orders aggregating Rs 45 crore.

BGR Energy Systems' net profit rose 29% to Rs 30.56 crore on 9.7% increase in net sales to Rs 465.96 crore in Q2 September 2009 over Q2 September 2008.

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