BGR Energy Systems rallied 12.55% to Rs 75.35 after the company said it secured orders from Indian Oil Corporation (IOCL) for construction of civil and structural works in Panipat Refinery Project Complex.
The contract value is Rs 330 crore and the contract completion period is 18 months.BGR Energy Systems is a manufacturer of capital equipments for power plants, petrochemical industries, refineries, process Industries and undertakes turnkey Balance of Plant (BOP') and Engineering Procurement and Construction (EPC') contracts for power plants. The company has been achieving its objectives through its five business units: power projects, electrical projects, oil and gas equipment, environmental engineering and air fin coolers.
The company reported consolidated net loss of Rs 122.01 crore in Q2 FY23 as compared to net profit of Rs 3.11 crore in Q2 FY22. Net sales declined 64.5% year on year to Rs 180.83 crore in Q2 FY23.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app