anish

Originally Posted by anish

 BGR Energy is recommended to buy with one year target price of Rs.968.

 The company has been implementing the projects successfully and the progress of implementation is as per schedule.A 600 MW EPC (engineering, procurement and construction) at Mettur, TN and and another one at Kalisindh, Rajasthan are progressing as per schedule.

 Company has bid for NTPC’s bulk deal 11 x 660 MW boilers and expect to get orders worth Rs.1100 crore in FY11.

 The stock is likely to be re – rated due to its super critical equipment JV, strong order inflow and healthy earnings growth.