BGR Energy bags Rs 1855 crore order from NTPC

BGR Energy Systems has bagged order worth Rs 1855 crore from NTPC for supply of 2x660 MW super critical boilers to be set up at Solapur in Maharashtra. The execution period of the contract is 48 months, the company said in a statement to the stock exchanges.

“This order is a breakthrough of great significance to the company as we enter supercritical power equipment space with first contract from NTPC,” said B G Raghupathy, Chairman & Managing Director BGR Energy.

The company had emerged as the lowest bidder in NTPC’s bulk tender for supply of 11x660 MW super critical boilers. As per the tender conditions, BGR Energy is expecting two more orders from NTPC in next 2-3 weeks.

The stock was at 361.50, up 1.67 per cent on the BSE. It touched a high of Rs 367.40 and low of Rs 349.20 in trade so far.