BGR Energy Systems is trading higher by 7% at Rs 359, extending its yesterday’s 15% rally, on hopes of getting orders from the state-owned electric utilities company NTPC Ltd.
NTPC will soon award its Rs 16,000-crore bulk tender based on supercritical technology, stuck for the past two years, after a Supreme Court decision keeping out Ansaldo Caldie from bidding.
“Three other consortia — BHEL-Alstom, L&T-Mitsubishi and BGR-Hitachi — have already given price bids to NTPC,”” the report suggests.
BGR Energy stock has rallied 55% in the current month from Rs 231 on January 31, compared with 4.5% rise in the Bombay Stock Exchange, benchmark index Sensex. A combined 781,100 shares have changed hands on the counter in opening deals on both the exchanges.
