BGR Energy Systems
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: Power Projects business (PPD), which provides EPC and BOP services for coal-based Thermal Power Plants and Gas-based Combined Cycle Power Plants. Oil and Gas Equipments business (OGED), which designs and manufactures gas conditioning & metering skids, storage tanks, pipeline pig launching & receiving systems, gas processing complexes and gas compressor packages related to the oil and gas industry, and which began operations in 2001. Air Fin Coolers business(AFC division), which designs and manufactures Air Fin Coolers which cool process fluids and gases used in the refining, petrochemical, and oil and gas industries, and which began operating in 1994 Environmental Engineering business (EED), which designs manufactures and provides Deaerators, Desalination plants, Water treatment plants and Effluent treatment plants, which have application