BGR Energy looks at adjacent business as thermal power sector faces hurdles
In the backdrop of challenges that thermal power sector faces in India and globally, Chennai-based BGR Energy Systems, an engineering, procurement and construction (EPC) company, has started diversifying into adjacent business sectors such as transmission & distribution, transport infrastructure, civil construction and oil & gas.
The company has initiated a number of initiatives and engaged an international consulting firm to advise it on growth strategy, identify critical need for shift from current business segments, BGR Energy said in a note to shareholders in the latest annual report.
