This Micro-cap engineering equipment manufacturer gains 7 percent after the company bags its single largest order for its production department worth 112 Cr from Mangalore Refinery and Petrochemicals Limited (MRPL) which is a subsidiary of ONGC.
At 12:45 p.m the shares of BGR Energy were trading at Rs. 82 up 6 percent from its previous day close price and the market capitalization of the company is 591 Cr.
As per the company’s filing, BGR Energy has bagged its single largest order for supply of Air Cooled Heat Exchanges from Mangalore Refinery and Petrochemicals Limited for a consideration of Rs. 112.74 Cr and the date for delivery of order is October 9,2024.
The company’s revenue decreased by 33.95 percent from 1,220.7 Cr in FY22 to 806.27 Cr in FY23, accompanied by an increasing loss of 185.16 Cr to 487.8 Cr.
The company’s key customers include NTPC, Power Grid, BHEL, Engineers India Limited, OPGC etc.
BGR Energy Systems is into engineering and construction and is a manufacturer of capital equipment for Power Plants, Petrochemical Industries, Refineries and Process Industries.
Written by: Bharath K.S
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