BGR Energy rises on Rs 1,698-cr EPC contract

BSE 23 May 12 | 12:00 AM

283.70		-5.05 (-1.75%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: 532930

Face Value: N.A.

NSE 23 May 12 | 12:00 AM

283.85		-4.5 (-1.56%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: BGRENERGY

Performance
1 Week	:	Rs	283.75	(-0.02%)
1 Month	:	Rs	353.75	(-19.80%)
1 Year	:	Rs	461.20	(-38.49%)

BGR Energy rises on Rs 1,698-cr EPC contract

SI Reporter / Mumbai 17 Nov 11 | 10:03 AM

Be the first to comment

BGR Energy Systems has moved higher by 4% to Rs 289 after securing Rs 1,698 crore EPC contact from the New Delhi-based TRN Energy Private Limited for setting up a coal-based thermal power project.

“The turnkey contract for setting up 2 * 300 MW coal-based thermal power project at Nawapara Village, Chattisgarh. The said project will be completed within 29 months for unit I and 32 month for unit II," the company said in a filing to the stock exchanges.

The order value includes foreign currency content of $188 million at an exchange rate of Rs 44.70. The contract provides for foreign exchange variation protection to the company at actual exchange rate, it added.

The stock opened at Rs 274 and hit a high of Rs 291 after the announcement on the Bombay Stock Exchange. A combined 150,000 shares have changed hands on the counter till 0945 hours.