BGR Energy Systems, has reported a 51 per cent increase in net profit for the third quarter ended December 31, 2009 at Rs 41.90 crore as against Rs 27.20 crore, during the same period last year. Company's turn over rose by 34 per cent to Rs 635.14 crore from Rs 472.42 crore. Company's order book size as on December 31, 2009 is around Rs 11,609 crore.
B G Raghupathy, chairman and managing director. BGR Energy Systems said that most of these contracts, which will be executed over the next 36 months, are from state-owned power generation companies who have achieved financial closure and the company also arranged working capital requirements to carry on works.
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