BGR Energy Systems bags orders worth Rs 300 crore

EPC major BGR Energy has bagged new orders worth Rs 300 crore in the electricals sub-stations segment following its recent focus on power generation projects.

"BGR Energy Systems Ltd through its electrical projects division has received new orders worth Rs 300 crore in the electrical sub-stations segment," the Chennai-based company said in a BSE filing.

The shares of the company closed up 3.42%, or Rs 3.80 at Rs 114.80 on BSE.

GR Energy focused on generation projects and recently focused on transmission and distribution segment in the power sector, the company said.

The orders secured from Transmission Corporation of Telangana Ltd include construction of 400/220 kV substation at Julurupadu in Khammam district and construction of 400/220 kV AIS Substation at Nirmal in Telangana.

The company also bagged project for electrical equipment supply and erection package for TANDA Thermal Power Project Stage-II of National Thermal Power Corporation at Vidyut Nagar district, Uttar Pradesh.

"Given the thrust in substantial scaling up of investments in Transmission and sub-transmission segment, there is a need for significant addition of new capacities across States", BGR Energy Systems, President-Electrical Projects, V Balakrishnan said.

"With our domain expertise, we are geared to utilise these emerging opportunities," he said.

BGR Energy System carries an order book of Rs 8,373.60 crore including the new orders, it said.