India's BGR Energy hits over a year high on $13.6 mln order win

BGR Energy Systems

13/10/2023 06:32

** Shares of BGR Energy Systems  BGRE.NS  rise as much as 8.6% to 83.9
rupees
    ** Stock hits highest level since Sept. 20, 2022
    ** Co on Thursday won an order worth 1.13 billion rupees ($13.6 million)
from Mangalore Refinery And Petrochemicals  MRPL.NS 
    ** Order for supply of air cooled heat exchanger (ACHE)
    ** BGRE makes equipment for power plants, petrochemical industries,
refineries and process industries
    ** Stock up ~40.7% YTD, including day's gains


($1 = 83.2230 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))