BGR Energy bags order worth Rs224.28cr; stock zooms 12%

BGR Energy bags order worth Rs224.28cr; stock zooms 12%

Shares of BGR Energy Systems zoomed over 12% after company's electrical projects division has secured an order from Tamil Nadu Transmission Corporation on a total turnkey contract basis worth Rs224.28cr.

The Electrical Projects Division of the company has secured an order from Tamil Nadu Transmission Corporation Limited (TANTRANSCO) for Design, Detailed Engineering, Fabrication, Manufacture, Supply, Erection, Testing and Commissioning of 400/230110 kV AIS substation with associated Auto Transformers, Bus reactors, Switchgear, accessories, control & relay Panels, Substation automation system, Control room, and complete civil works in Tamil Nadu on a total turnkey contract basis.

The total value of the contract is Rs224.28cr inclusive of GST and the contract completion period is 18-months, the company said.

Stock view:
BGR Energy Systems Ltd is currently trading at Rs39.35, up by Rs4.35 or 12.43% from its previous closing of Rs35 on the BSE.

The scrip opened at Rs36.25 and has touched a high and low of Rs40.50 and Rs36 respectively.




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