BGR Energy is planning to raise Rs 350 Cr by diluting 5-6% stake to fund its capex plans.
BGR Energy Systems Ltd carries on the business under two segments, the supply of systems and equipment and turnkey engineering project contracting.
It has also begun to focus on Engineering, Procurement and Construction ("EPC") contracts, in which it designs, engineers and supplies all of the equipment required for power plant including boiler, turbine and generator and civil works.
Transaction Reference: Myiris
The promoters of BGR Energy hold 81.31% in BGR as on 31st March 2010.
In 2007, BGR Energy raised Rs 130 Cr from Citigroup Venture Capital International in a pre-IPO deal.
This year in April, one of the subsidiaries of BGR Energy, BGR Turbines Pvt Ltd entered into technical collaboration with Japan’s Hitachi Ltd to build supercritical steam turbines and generators.
BGR has planned to set up a Rs 6,287 Cr, 1,320 Mw coal-fired power plant in Orissa.
BGR has reported an increase in consolidated total income to Rs 3,077.93 Cr in 2009-10 from Rs 1,935.45 Cr last year. Net profit grew by 74.32% to Rs 201.45 Cr in 2009-10.
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 13/07/10 |
BGR Energy - Fund Raising |
Private Equity |
Looking For |
74.80 |
| 12/12/07 |
BGR Energy Systems Limited - IPO |
IPO / Offerings |
|
111.41 |
| 12/06/07 |
BGR energy - Pre-IPO Placement |
IPO / Offerings |
Reliance Mutual Fund |
47.73 |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 07/02/12 |
Private Equity |
IDFC Private Equity |
Regen Powertech Private Limited |
20.39 |
Announced |
| 07/02/12 |
M&A |
Piramal Healthcare Limited |
Looking For |
- |
Planned |
| 03/02/12 |
M&A |
ThyssenKrupp Elevator India Private Limited |
Eros Elevators & Escalators Private Limited |
- |
Completed |
| 31/01/12 |
M&A |
Inox India Limited |
Looking For |
20.00 |
Planned |
Company |
| Name | Promoters | Office | Competitor | Website |
| BGR Energy Systems Limited |
B G Raghupathy & Group |
Plot No.45, Pannamgad, Industrial Estate, Ramapuram Post, Sullurpet (T)-524401. Nellore Dist. Andra Pradesh, India. |
Suzlon Energy Limited |
www.bgrcorp.com |
