BGR Energy Systems

BGR Energy Systems signed a master restructuring agreement with National Asset Reconstruction Company, acting through India Debt Resolution Company, to restructure outstanding debt of ₹3,736 crore as of 1 October 2025. Sustainable debt of ₹1,245 crore was to be repaid over four years by 30 September 2030, with unsustainable debt of ₹2,491 crore treated separately under the agreement. The agreement provided for allotment of 20% of the company's equity on a fully diluted basis to NARCL, the appointment of up to two nominee directors and payment of 75% of recoveries from specified arbitration claims and receivables to NARCL. A monitoring committee comprising lender and company representatives was to oversee implementation, with existing security continuing in favour of NARCL. Standalone revenue was ₹300 crore in the year to March with a net loss of ₹1,280 crore, narrowing to revenue of ₹15.3 crore and a loss of ₹226 crore in the June quarter. Standalone net worth was negative by more than ₹2,600 crore and consolidated net worth was negative ₹2,860 crore in the year to March.

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Oct 5 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• ENTERS INTO MASTER RESTRUCTURING AGREEMENT WITH NATIONAL ASSET RECONSTRUCTION COMPANY

• AGREEMENT FOR TOTAL OUTSTANDING DEBT OF 37.36 BILLION RUPEES AS OF OCT 1, 2025

Further company coverage: BGRE.NS

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BGR Energy Systems signed a restructuring proposal under a sanction letter from India Debt Resolution Company, acting for National Asset Reconstruction Company, covering bank debt assigned to the latter. The proposal received prior approval from the audit committee and the board. Nine public sector banks had assigned their dues to NARCL in September 2025, after which the company stopped providing interest on the assigned loans. The company reported standalone revenue of Rs.300 crore and a net loss of Rs.1,280 crore in the year to March, followed by revenue of Rs.15.3 crore and a loss of Rs.226 crore in the June quarter. Standalone net worth was negative by more than Rs.2,600 crore, with a CIRP admission in April 2026 over a Rs.585 crore default that was under an NCLAT stay.

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July 29 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• BGR ENERGY SYSTEMS - APPROVED RE-APPOINTMENT OF ARJUN GOVIND RAGHUPATHY AS MANAGING DIRECTOR

Source text: ID:nBSE1skgms

Further company coverage: BGRE.NS

(([email protected];;))

June 10 (Reuters) - June 10 (Reuters) - BGR Energy Systems BGRE.NS:

• BGR ENERGY SYSTEMS - TAX AUTHORITY REDUCES DEMAND TO 210.5 MLN RUPEES

Source text: ID:nFWN42I0N0 Further company coverage: BGRE.NS

(Reporting by Abhirami G in Bengaluru)

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Feb 4 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• BGR ENERGY SYSTEMS LTD - TAX DEMAND REDUCED FROM 2.1 BILLION RUPEES TO 1.08 BILLION RUPEES

Source text: ID:nBSE9qr7Qm

Further company coverage: BGRE.NS

(([email protected];))

Feb 3 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• BGR ENERGY SYSTEMS LTD - TAMIL NADU TRANSMISSION CORPORATION TERMINATES EPC CONTRACT WITH CO

Source text: ID:nNSE5GgPrS

Further company coverage: BGRE.NS

(([email protected];))

Dec 30 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• ORDER CONFIRMS DEMAND OF 44.6 MILLION RUPEES

Source text: ID:nBSE37pRrt

Further company coverage: BGRE.NS

(([email protected];))

** Capital equipment manufacturer BGR Energy Systems BGRE.NS up 2% to 97.44 rupees

** Co says State Bank of India SBI.NS has closed the forensic audit of co's bank accounts, finding no instances of fraud

** Scope of audit spanned FY2019-FY2024

** Including session's gains, co's shares have more than doubled in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

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May 5 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• STATE BANK OF INDIA CLOSES FORENSIC AUDIT OF BGR ENERGY

Source text: ID:nNSE1fzFNK

Further company coverage: BGRE.NS

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BGR Energy Systems Ltd BGRE.NS:

• BGR ENERGY SYSTEMS LTD - RECEIVES APPEAL ORDER LEVYING VAT OF 4.1 MILLION RUPEES

Source text: ID:nBSE3RK6fd

Further company coverage: BGRE.NS

Dec 13 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• RECEIVES TAX DEMAND NOTICE FOR 85.2 MILLION RUPEES

Source text: ID:nBSEc1glmv

Further company coverage: BGRE.NS

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** Shares of motors and generators maker TD Power Systems TDPS.NS rise as much as 5.5% to 427 rupees; last up 2.1%

** Co gets initial order worth 180 mln rupees ($2.1 mln) for supply of traction motors to the European market as part of a 5-year contract

** Co expects total business volume of around 3 bln rupees from the contract

** Stock above its 200-day SMA since March, indicating bullish sentiment

** More than 575,000 shares traded, 1.3x 30-day moving avg

** Stock extends YTD gains to ~59%, while peer BGR Energy Systems BGRE.NS is down ~56% YTD

($1 = 84.0675 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

** Motors and generators maker TD Power Systems TDPS.NS rises 4.5% to 402.95 rupees

** Co gets orders worth 1.42 bln rupees ($17 mln) for gas engine generators from international firms

** TDPS did not disclose any further details

** More than 939,000 shares traded in stock's busiest session since Aug-end

** YTD, TDPS gains ~56%, while peer BGR Energy Systems BGRE.NS is down ~53%

($1 = 84.0590 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

Sept 19 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• GOT TAX ORDER RECTIFYING DEMAND TO NIL FROM 209.9 MILLION RUPEES

Source text for Eikon: ID:nBSE748BnM

Further company coverage: BGRE.NS

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Aug 9 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• JUNE-QUARTER CONSOL NET LOSS 1.13 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.74 BILLION RUPEES

Further company coverage: BGRE.NS

(([email protected];))

Aug 6 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• BGR ENERGY SYSTEMS - GETS RECEIPT OF HC ORDER SETTING ASIDE ARBITRAL AWARD

• BGR ENERGY SYSTEMS - AWARD IN ARBITRATION MATTER BETWEEN CO, CHHATTISGARH STATE POWER GENERATION CO

Source text for Eikon: ID:nBSEY9tWH

Further company coverage: BGRE.NS

(([email protected];))

July 10 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• GETS DEMAND NOTICE FROM CENTRAL BANK OF INDIA

Source text for Eikon: ID:nNSE1k2dD3

Further company coverage: BGRE.NS

(([email protected];;))

** Shares of India's BGR Energy BGRE.NS up ~5%, hitting session high of 44.1 rupees

** Engineering firm's board approved fundraise worth up to 10 bln rupees ($120 mln) via rights issue

** Stock eyes best week since mid-May, if gains hold

** Trading vols 1.5x 30-day avg

** Stock has lost ~55% YTD

($1 = 83.4850 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

July 4 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• APPROVED ISSUANCE OF EQUITY SHARES UPTO 10 BILLION RUPEES

• ISSUANCE OF EQUITY SHARES BY WAY OF RIGHTS ISSUE

Source text for Eikon: ID:nNSEjHbY3

Further company coverage: BGRE.NS

(([email protected];))

June 5 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• RECEIVED DEMAND NOTICE FROM PUNJAB NATIONAL BANK

• DEMAND NOTICE FOR RECOVERY OF NPA AMOUNT OF 897.6 MILLION RUPEES

Source text for Eikon: ID:nBSE45npxT

Further company coverage: BGRE.NS

(([email protected];))

May 27 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• RECEIVED INTIMATION OF TERMINATION OF CONTRACT FROM THERMAX

Source text for Eikon: ID:nBSE8QvG8c

Further company coverage: BGRE.NS

(([email protected];))

April 18 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• ENTERED INTO SUPPLY CONTRACT & SERVICES CONTRACT WITH ODISHA POWER GENERATION CORP AND NEYVELI UTTAR PRADESH POWER

• ENCASHMENT OF BANK GUARANTEE BY OPGCL AMOUNTING TO 3.84 BILLION RUPEES AND BY NUPPL AMOUNTING TO 4.91 BILLION RUPEES

Source text for Eikon: ID:nBSE8hdYzm

Further company coverage: BGRE.NS

(([email protected];))

March 19 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• BGR ENERGY SYSTEMS LTD- SBI HAS INFORMED CO ABOUT APPOINTMENT OF AUDITOR FOR FORENSIC AUDIT

• BGR ENERGY SYSTEMS LTD- SBI HAS NOT SPECIFIED REASON FOR FORENSIC AUDIT

Source text for Eikon: [ID:]

Further company coverage: BGRE.NS

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BGR Energy Systems Ltd BGRE.NS:

• BGR ENERGY SYSTEMS LTD- MRPL HAS CANCELLED CONTRACT

• BGR ENERGY SYSTEMS LTD- CONTRACT VALUE WAS 1.13 BILLION RUPEES

• BGR ENERGY SYSTEMS LTD- NON- PERFORMANCE AND BREACH HAVE BEEN STATED AS REASON(S) FOR TERMINATION

Source text for Eikon: ID:nBSE1MW460

Further company coverage: BGRE.NS

** Shares of equipment maker BGR Energy Systems BGRE.NS down 7.4% at 70.55 rupees

** Top shareholder Sasikala Raghupathy sells 7.7% stake in the open market

** Stock on track for fifth straight session of decline

** Trading volume 1.4x the 30-day moving average

** Stock down 27.4% YTD after gaining ~67% in 2023

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Jan 24 (Reuters) - BGR Energy Systems Ltd BGRE.NS:

• TAMIL NADU TRANSMISSION CORPORATION TERMINATED CONTRACT FOR AMOUNT 2.24 BILLION RUPEES AWARDED TO CO

• POOR PROGRESS OF WORK HAS BEEN CITED AS REASON FOR TERMINATION

• TERMINATED CONTRACT FOR ESTABLISHMENT OF 400/230-110 KV AIS SS AT EDAYARPALAYAM IN COIMBATORE

Further company coverage: BGRE.NS

(([email protected];))

** Shares of BGR Energy BGRE.NS fall 3.4% to 87.75 rupees

** Construction and engineering firm says IDBI Bank IDBI.NS has classified its account as a non-performing asset

** Overall credit exposure of BGRE with IDBI is 3.04 bln rupees ($36.6 mln)

** BGRE has fallen for three straight sessions since Jan. 8 when it said it defaulted on principal payment owed to ICICI Bank ICBK.NS, Indian Bank INBA.NS and Bank of India BOI.NS

** Stock lost ~4% in the last three sessions

** BGR rose for five straight months until Dec 2023, gained for third consecutive qtr in the Dec-qtr

($1 = 83.0750 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of BGR Energy Systems BGRE.NS fall as much as 8.7% to 86.2 rupees, steepest intraday fall since Oct. 17, 2022

** Construction and engineering co said on Monday it defaulted on principal payment of 6.31 bln rupees ($75.88 mln) owed to ICICI Bank ICBK.NS, Indian Bank INBA.NS and Bank of India BOI.NS

** More than 4.1 mln shares change hands by 3:10 p.m. IST, 2.4x the 30-day avg

** The co saw over 4 mln shares traded in a single session six times in 2023

** Stock currently down 3.2% vs a 0.16% fall in the Nifty Energy Index .NIFTYENR

($1 = 83.1564 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** Shares of BGR Energy Systems Ltd BGRE.NS down 5.3% at 92 rupees

** BGRE says State Bank of India classified firm's credit exposure with lender as "sub-standard", while Central Bank of India downgraded co's asset quality with bank to non-performing asset (NPA)

** The maker of equipment for power plants says it has been regularly servicing interest and other charges to both banks

** Stock falls most since Dec. 20 when it was asked by Canara Bank to clear its outstanding liabilities immediately

** BGRE fell 5% or lower only thrice in 2023

** Three other banks classified loss-making firm's accounts as NPA in November

** Around 1.4 mln shares traded

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))