BGR Energy jumps 6% on order from NTPC

Shares of BGR Energy Systems gained as much as 6.4 percent to touch an intraday high of Rs 280 on Thursday after getting order for supply of 2 X 800 MW steam turbine and generators for NTPC's Lara Super Thermal Power Project in Chattisgarh.

The contract is valued at Rs 1,548.62 crore comprising USD 210 million, Euro 16 million and Rs 281 crore.

The company emerged as the lower bidder competing amongst BHEL, L&T and Toshiba for this order. The 800 MW STG will be supplied in 44 and 48 months.

On February 29, 2012, BGR Energy had emerged as the lowest bidder in the NTPC bulk tender for supply 11 X 660 MW super-critical boilers.
 
As on date the order book of the company stands at Rs 14,077 crore, the company said in its release.

At 09:45 hours IST, the stock rose 5.17 percent to Rs 276.70 amid heavy volumes on the Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 1,996.71 crore.

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