BGR Energy Systems Ltd
BGR Energy Systems Limited is a company headquartered at Chennai, operating in the utility industry, offering services ranging from product manufacturing to project execution. The Company operates in two segments: capital goods and construction and engineering procurement construction (EPC) Contracts. BGR Energy Systems Ltd is the fourth Chennai-based company to join the elite $1 billion league after CPCL, MRF and Ashok Leyland. History. BGR Energy Systems (BGRESL) was originally incorporated in 1985. The company started as a joint venture between GEA Energietechnik GmbH, Germany and the promoter, B. G. Raghupathy, in order to produce  and sell on-line condenser tube cleaning systems, debris filters and rubber cleaning balls used in thermal and nuclear power plants. In 1993 Raghupathy and members of his family became the sole shareholders of the company and began to expand the range of product and services range in the power and oil & gas industries. On 28 June 2007, the company's name was changed from GEA Energy System (India), to BGR Energy Systems Limited. BGR Energy carries on business in two segments, the Supply of systems and Equipments and Turnkey Engineering project contracting. The company executes contracts to supply the  Balance of Plant ('BOP'-a term coined by BGR Energy Systems Ltd in India) Equipment, Services and Civil works for Power Generation projects, in which it supplies, from a single source, the balance of the plant ('BOP'), i.e. items other than the boiler, turbine and generator (BTG). The company is currently executing BOP and EPC contracts tailored to customer's demands. It also has an infrastructure business intended to provide construction services and technology oriented projects to the infrastructure sector. It was listed on 3 January 2008. The issue price was fixed at 480 per share. It was heavily oversubscribed 120  times according to NSE sources. The net proceeds of the issue was to augment long term working capital requirements, expand production capacity by establishing additional manufacturing facilities in India, China and the Middle East and fund expenditure for general corporate purposes. Office. BGR Energy Systems Ltd which is headquartered at chennai has three regional offices (ROs) at Delhi (DRO), Hyderabad (HRO) and Mumbai (MRO). The Registered Office of the company is situated at Nellore Dist. in Andhra Pradesh. Business division. The Company consists of five businesses (divisions), including: Order book as of August 2008 is close to 110 billion, and  BGR Energy has entered the EPC space competing with the likes of BHEL. Recently it outbid BHEL in the RRVUNL 2x600 MW Kalisindh EPC project. Manufacturing plant. It has manufacturing facilities in Panjetty, Tamil Nadu and in Andhra Pradesh. Progen Systems and Technologies Ltd, a subsidiary of BGR Energy Systems Ltd, has a manufacturing plant in Tamil Nadu and it designs and manufactures Process equipments like Heat Exchangers, Pressure vessels, Reactors, Columns, Surface condensers, HP/LP Heaters and Boiler components. GEA-BGR Energy Systems Ltd, a joint venture with GEA Energietechnik GmbH, Germany has manufacturing plant and manufactures online tube  cleaning systems, debris separator, self-cleaning system/strainer, sponge cleaning balls for power and desalination plants worldwide. Partnerships. BGR Energy Systems Ltd has tied up with power plant equipment manufacturer giant Hitachi for super-critical technology for boilers (steam generators), and turbines and generators. BGR Turbines Company Pvt Ltd has signed a technical collaboration agreement and joint venture agreement with Hitachi Ltd, Japan' with equity participation of 74% by BGR Energy Systems Limited and 26% by Hitachi Limited., for super-critical steam turbine and generator from 660 MW to 1000 MW. Another majority owned subsidiary BGR Boilers Pvt Ltd has  signed a technical collaboration agreement and joint venture agreement with Hitachi Power Europe GmbH with equity participation of 70% by BGR Energy Systems Ltd and 30% by Hitachi Power Europe Gmbh for super-critical boilers from 660 MW to 1,100 MW.