BSE small-cap business gets an order of Rs 330 crore from Indian Oil Corporation

The construction of civil and structural works in the Panipat Refinery Project Complex have been ordered by the Indian Oil Corporation, according to information provided by BGR Energy Systems in the exchange filing. The contract’s value, excluding GST, is Rs 330 crore, and its completion time is 18 months.

For power plants, petrochemical plants, and refineries, BGR Energy Systems manufactures capital equipment, supplies systems and equipment, and contracts turnkey engineering projects.

The company reported revenue of Rs 181 crore for Q2 FY23, a decrease of -64 % year over year and -33.70 % quarter over quarter. PAT was Rs -122 crore, a decrease of -37.08% on a quarter-over-quarter basis and -4166.67% on a year-over-year basis.

With a high and low of Rs 80.30 and Rs 74.15 today, the stock opened at Rs 78.35. Previous trading for the stock ended at Rs 66.95. Currently, it is up 19.94% in the upper circuit, trading at Rs 80.30.

Shares of the company have returned 17.93% over the past six months, and the stock has returned -14.26% over the past year.

The stock’s 52-week range includes a high of Rs 124.50 and a low of Rs 56.10. The company, which has a market capitalization of Rs 579.46 crore, has a ROCE of 3.03 percent and a ROE of -27.4 percent.