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BGR energy Systems (BGR) secures order worth `448cr
After a dry spell of nearly 8 months, BGR has won a contract from Nuclear Power
Corporation of India (NPCIL) valuing `448cr. The scope of contract includes supply,
erection, testing and commissioning of main plant electrical systems, including nuclear
island electricals, at Kota, Rajasthan (2 X 700 MW) and Kakrapara, Gujarat (2 X 700 MW).
Notably, the stock has reacted positively and gained ~5% (closed at `312). However, we
believe that while the order value is decent, it will do little to magnify growth prospects for
FY2013. BGR needs bigger order wins in order to chart a more meaningful growth
visibility. We continue to remain neutral on the stock
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
BGR energy Systems (BGR) secures order worth `448cr
After a dry spell of nearly 8 months, BGR has won a contract from Nuclear Power
Corporation of India (NPCIL) valuing `448cr. The scope of contract includes supply,
erection, testing and commissioning of main plant electrical systems, including nuclear
island electricals, at Kota, Rajasthan (2 X 700 MW) and Kakrapara, Gujarat (2 X 700 MW).
Notably, the stock has reacted positively and gained ~5% (closed at `312). However, we
believe that while the order value is decent, it will do little to magnify growth prospects for
FY2013. BGR needs bigger order wins in order to chart a more meaningful growth
visibility. We continue to remain neutral on the stock
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