BGR Energy Systems Ltd (BESL)

The Company was originally incorporated in 1985, as a joint venture between GEA Energietechnik GmbH, Germany and Promoter, Mr. B.G. Raghupathy, to produce and sell On-line Condenser Tube Cleaning Systems, Debris Filters and Rubber Cleaning Balls used in Thermal and Nuclear Power Plants. In 1993 Mr. B.G. Raghupathy and members of his family became the sole shareholders of the Company and began to expand a range of product and services range in the Power and Oil & Gas industries. On June 28, 2007 it changed name from GEA Energy System (India) Limited, to BGR Energy Systems Limited.

BGR Energy carries on business in two segments, the Supply of systems and Equipment and Turnkey Engineering project contracting.

In the systems and equipment business, the company design, engineer, manufacture, sell and service a range of systems and equipment for the Power, Oil & Gas, Refinery, Petrochemical and Process Industries.

In the Turnkey Engineering project contracting business, the company engineer, manufacture, procure, construct and commission projects in the Power and Oil & Gas sector, wherein we take Turnkey responsibility to supply of a range of equipment and services, including the civil works required for a project and other work as may be required under the contract for such project. [ [http://www.bgrcorp.com/index.php] ]

Order book as of Aug 2008 is close to 11000 crores, and BGR is actively trying to enter EPC space competing with the likes of BHEL. Recently it outbid BHEL in the RRVUNL 2x600 MW Kalisindh EPC project. [ [http://www.thehindubusinessline.com/2008/07/17/stories/2008071751640300.htm] ]

It got listed Jan 3rd 2008. The issue price was fixed at Rs 480 per share.It was heavily oversubscribed 120 times according to NSE sources. The net proceeds of the issue was to augment long term working capital requirements, expand production capacity by establishing additional manufacturing facilities in India, China and the Middle East and fund expenditure for general corporate purposes. [ [http://www.moneycontrol.com/india/news/ipo-new-listings/bgr-energy-systems-to-list-jan-32008/23/24/319158] ]

Currently it has manufacturing facility in Panjetty, TamilNadu and also manufactures some oil&gas equipment and finned tubes, which are used in Heat exchanger through its subsidiary Progen.

ee also

* BHEL
* Engineering, procurement and construction
* Ministry of Power (India)
* Capital good

References

External links

* [http://masons.com/media/2110487095.htm] Price escalation article
* [http://www.bgrcorp.com/index.php] Company website