|We were incorporated as GEA Energie Systems India
Private Limited on February 18, 1985 by our Promoter
Mr. B G. Raghupathy. For information relating to our
Promoter, see Our Promoter on page 139 and Our
Management on page 128.
Our name was changed to GEA Energy System (India)
Private Limited by a resolution of our shareholders
on October 17, 1986, and a fresh certificate of
incorporation consequent to the change of name was
issued to us on April 3, 1987. Our status was
subsequently changed to a public limited company
by a special resolution of our shareholders passed
at the annual general meeting held on December 10, 1993.
The fresh certificate of incorporation consequent on
conversion was issued to our Company on March 3,
1994 by the Registrar of Companies, Andhra Pradesh
at Hyderabad. Our name was changed to BGR Energy
Systems Limited by a resolution of our shareholders
on June 25, 2007. The fresh certificate of incorporation
consequent to the change in name was issued to our Company
on June 28, 2007.
In 1987, we commenced operations through a joint venture
with GEA Energietechnik Gmbh, Germany. We supplied tube
cleaning systems and debris filters for nuclear and
thermal power plants and established our firstmanufacturing
facility at Pannamgadu, Andhra Pradesh in February 1987.
We supplied our products and allied services to a variety
of domestic and international clients between 1987 to 1993
in collaboration with GEA Energietechnik Gmbh, Germany.
60,000 Equity Shares were issued to GEA Energietechnik Gmbh
Germany on September 6, 1987 pursuant to the above joint
GEA Energietechnik Gmbh, Germany divested its stake
in our Company in 1993 to our Promoter and members
of our Promoter Group pursuant to the expiry of the joint
venture agreement. The shares held by GEA
Energietechnik Gmbh were transferred to Arjun Securities
Private Limited, Vani Securities Private Limited,
Priya Securities Private Limited and Swarna Leasing Private
Limited on March 31, 1994. For details of the
relevant transfers refer to Capital Structure on page 25.
In 1994, with the object of expanding our product portfolio,
we acquired a company, Schmitz Gmbh in Germany.
This company was engaged in the business of manufacturing
sponge cleaning walls. In 1999, we developed the
capability to manufacture these components through Schmitz
India Private Limited, a Promoter Group Entity.
We have transferred our entire holding in Schmitz Gmbh to
Schmitz India Private Limited pursuant to an
agreement dated August 1, 2007, with effect from
June 30, 2007.
Since 1993, we entered into a series of joint ventures
and technical collaborations to increase the portfolio of
products we offered. This included a collaboration for air
cooled heat exchangers with GEA Btt, France in 1994;
a license agreement with GEA Spirogills Limited UK for
the manufacture of welded finned tubes through our
subsidiary Progen Systems and Technologies Limited in 1994;
an arrangement with GEA Energietechnik Gmbh
for the manufacture of cooling systems through GEA Cooling
Tower Technologies (India) Private Limited in
1996; and an arrangement in relation to environmental
engineering solutions with Crane Environmental Inc, USA
We established our power projects business in 1997 with
the objective of developing power projects.Since 2000
our power projects business commenced the process of
providing balance of plant services for captive and
independent power projects in India and elsewhere.
In May 2003, we provided engineering procurement and
construction services for a 120MW power plant on a
turnkey basis in Karuppur, Tamil Nadu and commenced
the provision of such services for captive power plants
in India in 2006.
In 2001, we commenced operations in the oil and gas
sector and have developed capabilities in providing
packaged compressor solutions in co-operation with Ariel
We also established an electrical projectsbusiness
which commenced operations in 2003 and provides
transmission infrastructure, gas insulated substations
and optic fiber networks.
We entered into a business acquisition agreement
dated January 2, 2006 with Mrs. V. Girija,
Mr. Velpandian Mani, the proprietrix
and the chief executive officer, respectively, of
VP ngineering Consultancy Services, a sole
proprietorship engaged in providing piping, design
and engineering services.Under this agreement we bought
certain business assets of VP Engineering Consultancy
Services including contracts,orders, work inprogress,
submitted bids and offers. Further, under the agreement
Mr. Velpandian Mani as well as certain employees of VP
Engineering Consultancy Services agreed to join the
services of our Company under certain
specified terms. Mr. Velpandian Mani has undertaken
to work for our company for a minimum period of three years
Key Events and Milestones
Year Key Events
July 2007 Our Company sold the assets and liabilities
of its energy division to GEA BGR Energy System India
Limited by way of a slump sale.
December 2006 The electrical project business obtained
category F power trading license from the Central
December 2006 Our company secured its single largest
export order for the supply of gasgathering and processing
plant from State Company for Oil Projects, Iraq.
March 2006 Memorandum of Understanding with Ariel
Corporation Inc which enabled our Company to become
an Ariel qualified packager.
January 2006 The electrical projects business won a
contract for gas insulated switch gear from Hyundai
Motors India Limited
November 2004 Our Company secured its first order
for supply of electrical installations for 132 MW hydro
November 2004 Our Company entered into an arrangement
with Qingdao Jieneng Power Station Engineering Company
Limited and Sichuan Chuanghua BoilerCompany for the
procurement of boilers and steam generators on a case
to case basis.
October 2004 Our Company first supplied a debris
filter for a hydro plant at Saramah,Malaysia.
July 2004 Our Company entered into an arrangement
with gas turbine manufacturerfor independent EPC contracting
for power projects.
May 2004 Our Company secured an order for treating
textile effluents with V-SEP technology.
Year Key Events
May 2004 The air fin coolers business increased
its capacity by 50%.
April 2004 Our Company supplied equipment for off-shore
projects to ONGC.
June 2003 Our Company built and supplied a debris filter
for a nuclear power plant in Taiwan.
April 2003 Our Company secured its first engineering,
procurement and constriction contract for a 120 MW gas
based combined cycle power plant in Karuppur, Tamil Nadu.
September 2002, and April 2003 Our Company entered into
joint venture agreements on project basis with MECON Limited
to bid for NHAI projects.
March 2003 Our Company supplied a deaerator for a 500 MW
nuclear power station.
July 2001 Our Company secured a contract from BHEL for
supply of balance of plant equipment for a 23 MW coal
based captive power plant for Grasim Industries Limited.
September 2000 Our Company enters into a technical
collaboration agreement with Crane Environmental Inc, USA.
September 2000 Our Company secured its first contract
for balance of plant from BHEL.
May 1999 Schmitz India Private Limited commenced
December 1997 Progen commenced commercial operations
March 1997 Our Company won two contracts from Tamil
Nadu Government forpower projects in Gumnidipanda
March 1996 Our Company entered into a collaboration
agreement with GEA Germany to set up GEA Cooling Tower
Technologies (India) Private Limited.
February 1996 Our Company acquired a 30% stake in
Cuddalore Power Company Limited.
January 1996 Our energy business obtained ISO
October 1995 Our Air Fin Cooler business commenced
April 1994 Progen entered into a license and
technical service agreement with GEA Spirogills Limited, UK.
January 1994 Our Company entered into a license and
technical collaboration with GEA Btt, France.
January 1994 Our Subsidiary, Progen Systems and
Technologies Limited, was incorporated.
March 1993 GEA Germany divested its stake in our Company.
February 1987 BGR Energy Systems Limited entered
into a joint venture with GEA Germany.
- BGR Energy Systems Ltd has got an engineering, procurement, construction' order from Tamil Nadu Electricity Board (TNEB).
-BGR Energy Signs Collaboration with Termomeccanica, Italy
-BGR Energy Signs Up Credit Lines for Rs 2,105 Crores
- BGR Energy Systems Ltd has bagged Rs 27 Cr. contract from NPCIL.
- BGR Energy secures 2 x 500 MW Marwa Thermal Power Project BOP contract for Rs 1633 Crores
-BGR Energy bags contract for Total Water System
- BGR Energy entered into a license and technology transfer agreement with Nooter/Eriksen of the U.S.
- BGR Energy Systems, the supplier of engineering equipment, today said it has bagged an order valued at Rs 100 crore from Power Grid Corporation of India Ltd (PGCIL) in order to lay fibre optic cabling.
- BGR Energy Systems Ltd has signed Joint Venture Agreements with Hitachi Ltd., Japan and Hitachi Power Europe GmbH, Germany for the business of design, engineering and manufacture of Supercritical Steam Turbine Generator and Supercritical Steam Generator (Boilers).