BGR Energy is one of the fastest growing engineering companies growing in the power sector specially in BOP and EPC space. It has grown from small space in BOP into big player in power sector. In addition, it has entered into BTG space by entering into collaboration in the form of JV with Hitachi,which provides BGR an edge over its competetitors in BOP segment. The current order backlog of Rs. 8000 crores and it has bids placed worth Rs.18,000/- crores particularly with NTPC and Ennore and Rajasthan projects. Such projects takes time to materialise and hope to maitain topline frowth of 15% during FY12.
The company's BTG venture is going on track and has procured necessary land to set up its boiler facility. The company plans construction work after monsoon and expects production during FY13.Construction work of turbine facility will also begin soon and production is envisaged in secnd half of FY13. The massive power generation plans of the government gives plethora of opportunities to BGR Energy systems.
Most of the research reports of leading brokerages are optimistic about the facts and assurances given by the manangement for future growth.
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