This morning, BGR Energy share price zoomed up 5% to touch a new 52 week high value of Rs. 138.90. The stock opened with a rise of 6 points at Rs. 130.50 and met the day’s low at Rs. 130.20. BGR Energy Systems Ltd, an EPC (engineering procurement and construction) company, has declared its entry into large size water treatment business after acquiring contracts worth Rs 650 crore.
It has received Rs 209.5-crore contract for building a water treatment plant package for 3 x 800 MW Krishnapatnam APPDCL power project at Nellore in Andhra Pradesh. The total treatment capacity will be over 55 million litres per day (MLD) and these units will be completed over 23 months.
The company will also carry out O&M of these units for 12 months. A second contract of Rs 440 crore from the Chennai Metropolitan Water Supply & Sewerage Board is for a tertiary treatment reverse osmosis (TTRO) plant of 45 MLD capacity at Kodungaiyur, Chennai. BGR will also take up O&M of the unit for 15 years.
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