BGR Energy surges 39% in two days on Rs 4,443 crore contract win
Shares of BGR Energy surged 16 per cent to Rs 41.15 in early morning deals on Monday, thus rallying 39 per cent in the last two trading days after the company won a contract worth of Rs 4,443 crore from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO).
In a regulatory filing on Friday, BGR Energy said the company was awarded a contract by Tamil Nadu Generation and Distribution Corporation Limited for the execution of 1×660 MW Supercritical Ennore Thermal Power Station Expansion Project under EPC basis. The total value of the project is Rs 4,442. 75 crore, including all taxes and duties to complete the contract, it said.
The scope of contract includes design, engineering and supply of all equipment, civil works, erection, testing and commissioning of all systems and performance guarantee of power plant.
