BGR Energy wins Large order , raised from lifetime low

BGR Energy Systems rose 0.95% to Rs 224 at 12:23 IST on BSE on bagging an order worth Rs 3100.06 crore from Tamil Nadu Electricity Board to set up a 600 megawatt power plant in Tamil Nadu.

The company made this announcement during trading hours today, 1 July 2008.

The stock today hit all-time low of Rs 214. The stock hit a high of Rs 238.50 so far during the day. The stock had a 52-week high of Rs 988 on 4 January 2008 .

The company has an equity capital of Rs 72 crore. Face value per share is Rs 10.

The current price of Rs 224 discounts its Q4 March 2008 annualised EPS of Rs 17.73, by a

PE multiple of 12.63.

The contract is to be executed in 39 months. With this latest order, the order book of the company stands at over Rs 6000 crore.

On 6 June 2008, the company’s oil & gas division bagged a contract worth $9.29 million for manufacture of 70 oil product storage tanks for Aumara oil products depot in Iraq.

BGR Energy Systems reported a net profit of Rs 31.91 crore on net sales of Rs 578.61 crore in Q4 March 2008. The figures of the corresponding previous year period were not available.

BGR Energy Systems is a supplier of systems and equipment for the power, oil and gas, petrochemical and process industries.