India's BGR Energy Systems soars 20% as co bags 44.43 bln rupee contract

BGR Energy Systems

13/12/2019 09:53

** Shares of BGR Energy Systems Ltd  BGRE.NS  rise as much
as 20% % to over 10-week high of 35.7 rupees
    ** Stock marks biggest intraday jump in over a year 
    ** Co, which provides construction and maintenance related
services to power plants, awarded a contract by Tamil Nadu
Generation and Distribution Corp. Ltd for 44.43 bln rupees 
($619.06 mln)  urn:newsml:reuters.com:*:nFWN28N01B
    ** Co says its current order book is 84.60 bln rupees,
including TANGEDCO contract
    ** Co says contract is for Ennore Thermal Power Station
Expansion Project under EPC basis
    ** Around 616,000 shares change hands by 0938 GMT vs 30-day
avg of 111,229 shares
    ** Shares down 51.4% this year as of last close


($1 = 71.7700 Indian rupees)

 (Reporting by Philip George in Bengaluru)
 ((P.George@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6749 1609; Reuters Messaging:
p.george@thomsonreuters.net))