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Update at 1745 hrs (IST)


Corporate
BGR Energy bags two orders worth $80.5 m from Iraq

MUMBAI: Power equipment supplier BGR Energy Systems today said it has bagged an order worth $80.5 million (nearly Rs 387.83 crore) from State Company for Oil Projects, Iraq for development of two gas fields.

The company has received the contract in the international competitive bidding process, the filing added. The scope of work includes engineering, procurement and supply of key utilities (gas generators, water system plant and fire and gas detection).

Shares of BGR Energy Systems today closed at Rs 360.95 on the BSE, up 2.48 per cent from previous close. - PTI

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