This BSE small-cap company wins an order worth Rs 330 crore from Indian Oil Corporation!

Currently, shares of the company are locked in the upper circuit.

BGR Energy Systems disclosed in the exchange filing that it has secured orders from the Indian Oil Corporation for the construction of civil and structural works in the Panipat Refinery Project Complex. The contract value is Rs 330 crore excluding GST and the contract completion period is 18 months.

BGR Energy Systems is engaged in the business of manufacturing capital equipment for refineries, petrochemicals, and power plants, supplying systems and equipment and contracting turnkey engineering projects.

In Q2FY23, the company posted a revenue of Rs 181 crore which declined -64 per cent YoY and on QoQ, its revenue declined by -33.70 per cent. PAT stood at Rs -122 crore which is a -37.08 per cent decline QoQ and a -4166.67 per cent decline on a YoY basis. 

Today, the stock opened at Rs 78.35, with a high and low of Rs 80.30 and Rs 74.15. The stock previously closed at Rs 66.95. Currently, it is trading at Rs 80.30, up by 19.94 per cent in the upper circuit.    

In the last six months, the shares of the company have given 17.93 per cent returns and on a YTD basis, the stock has given -14.26 per cent returns.  

The stock has a 52-week high of Rs 124.50 and a 52-week low of Rs 56.10. The company has a ROCE of 3.03 per cent and an ROE of -27.4 per cent with a market capitalisation of Rs 579.46 crore.