 | |
| Company type | Public |
|---|---|
|
| |
| Industry | Power, Oil & Gas Equipment & Infrastructure |
| Founded | 1985, Chennai, Tamil Nadu, India |
| Founder | Balakrishnan Govindaswamy Raghupathy (28 September 1952 to 28 July 2013) |
| Headquarters | Chennai, India |
Area served | Worldwide |
Key people | Sasikala Raghupathy (Chairman) |
| Products | Products and services to the energy industry |
| Revenue |  ₹3,378.18 crore (US$400 million)(2015)[1] |
| ₹308.90 crore (US$37 million)(2015)[1] | |
| ₹3,365 crore (US$400 million)(2015)[1] | |
Number of employees | 1829 (2011)[2] |
| Website | bgrcorp.com |
BGR Energy Systems Limited is a company headquartered in 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.[3]
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, to produce and sell online 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 products and services 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 Equipment and Turnkey Engineering project contracting.
The company executes contracts to supply the Balance of Plant (BOP) Equipment, Services, and Civil works for Power Generation projects, where it provides, from a single source, the balance of the plant (BOP), which includes items other than the boiler, turbine, and generator (BTG). The company is currently executing BOP and EPC contracts tailored to customers' 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, with the issue price fixed at ₹480 per share. The offering was heavily oversubscribed 120 times, according to NSE sources. The net proceeds of the issue were intended to augment long-term working capital requirements, expand production capacity by establishing additional manufacturing facilities in India, China, and the Middle East, and fund expenditures for general corporate purposes.[4]
BGR Energy Systems Ltd, headquartered in Chennai, operates with three regional offices (ROs) located in Delhi (DRO), Hyderabad (HRO), and Mumbai (MRO). The company's Registered Office is situated in Nellore District, Andhra Pradesh.
The company comprises five divisions, including:[5]
As of August 2008, the order book is close to ₹ 110 billion, and BGR Energy has entered the EPC space competing with companies like BHEL. Recently, it outbid BHEL in the RRVUNL 2x600 MW Kalisindh EPC project.[6]
It operates manufacturing facilities in Panjetty, Tamil Nadu, and Andhra Pradesh.
Progen Systems and Technologies Ltd, a subsidiary of BGR Energy Systems Ltd, has a manufacturing plant in Tamil Nadu. It specializes in designing and manufacturing Process equipment such as Heat Exchangers, Pressure vessels, Reactors, Columns, Surface condensers, HP/LP Heaters, and Boiler components.[7]
GEA-BGR Energy Systems Ltd, a joint venture with GEA Energietechnik GmbH, Germany, operates a manufacturing plant. It produces online tube cleaning systems, debris separators, self-cleaning systems/strainers, and sponge cleaning balls for power and desalination plants worldwide.[8]
BGR Energy Systems Ltd has partnered with power plant equipment manufacturer giant Hitachi to incorporate super-critical technology for steam generators, turbines, and generators.[9]
BGR Turbines Company Pvt Ltd has entered into a technical collaboration agreement and joint venture with Hitachi Ltd, Japan, with BGR Energy Systems Limited holding 74% equity and Hitachi Limited holding 26%. This collaboration focuses on super-critical steam turbine and generator technology ranging from 660 MW to 1000 MW.[10]
Additionally, another majority-owned subsidiary, BGR Boilers Pvt Ltd, has inked a technical collaboration agreement and joint venture with Hitachi Power Europe GmbH, with BGR Energy Systems Ltd holding 70% equity and Hitachi Power Europe GmbH holding 30%. This collaboration targets super-critical boilers ranging from 660 MW to 1,100 MW.[9]
