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BGR Energy Systems bags order from TANGEDCO

Posted On: 2019-12-13 15:00:25


On December 12, 2019 BGR Energy Systems Limited was awarded a contract by Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for execution of of 1x660 MW Supercritical Ennore Thermal Power Station Expansion Project under EPC basis. The Scope of contract includes design, engineering and supply of all equipment, civil works, erection, testing and commissioning of all systems and performance guarantee of power plant.

The total value of the project is Rs.4442.75 Crores (Rupees Four thousand four hundred forty two crores and seventy five lakhs only) including all taxes and duties to complete the contract. The overall contract completion period is 36 months from the date of Letter of Intent. The contract provides for payment in foreign currency for imported items up to USD 114.49 million and adjustment of price due to change in rates of taxes and duties.

The Company's current order book is Rs. 8460 Crores including this contract.

Shares of BGR ENERGY SYSTEMS LTD. was last trading in BSE at Rs.29.6 as compared to the previous close of Rs. 29.5. The total number of shares traded during the day was 1510 in over 32 trades.

The stock hit an intraday high of Rs. 30.45 and intraday low of 29.5. The net turnover during the day was Rs. 44858.


Source: Equity Bulls

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