BGR Energy Systems gained 4.22% to Rs 157 at 11:32 IST on BSE after the company bagged orders worth Rs 250 crore in the electrical sub-stations segment of its Electrical Projects Division.
The announcement was made after market hours on Monday, 20 October 2014.
Meanwhile, the S&P BSE Sensex was up 151.80 points or 0.57% at 26,581.65
On BSE, so far 73,914 shares were traded in the counter as against average daily volume of 96,983 shares in the past one quarter.
The stock hit a high of Rs 159.50 and low of Rs 154.80 so far during the day. The stock had hit a 52-week high of Rs 242.80 on 23 May 2014. The stock had hit a 52-week low of Rs 99.80 on 4 February 2014.
The stock had underperformed the market over the past one month till 20 October 2014, falling 8.97% compared with 2.44% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 24.9% as against Sensex's 3.07% rise.
The small-cap company has an equity capital of Rs 72.16 crore. Face value per share is Rs 10.
BGR Energy Systems said the company has received orders worth Rs 250 crore in the electrical sub-stations segment of its Electrical Projects Division. BGR Energy's Electrical Projects Division (EPD) has secured three Substation orders from Tamil Nadu Transmission Corporation (TANTRANSCO) for establishment of 230KV AIS Substation at Puraisai, Villupuram, 110KV GIS Substation at Thirumangalam South, 400/230-110 KV AIS substation with all associated equipment, systems and civil works at Palavadi in Dharmapuri district. All orders are on Total Turnkey basis, BGR Energy Systems said.
BGR Energy Systems' net profit declined 71.6% to Rs 9.19 crore on 23.2% decline in net sales to Rs 629.36 crore in Q1 June 2014 over Q1 June 2013.
BGR Energy Systems is a leading company in the business of turnkey engineering and contracting for balance of plant (BoP) and full service engineering, procurement and construction (EPC) for power projects in India and LSTK contracts for oil and gas projects in India and abroad.
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