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Latest news about BGR Energy Systems

BGR Energy Systems Reports Total Financial Indebtedness of ₹3,968.11 Crores as of December 31, 2025 4 days ago

BGR Energy Systems Limited disclosed total financial indebtedness of ₹3,968.11 crores as of December 31, 2025, comprising mainly bank loans worth ₹3,534.93 crores. The company reported no defaults on any debt obligations and zero outstanding unlisted debt securities, demonstrating regulatory compliance and financial discipline in debt management.

BGR Energy Systems Receives ₹32.11 Crore GST Demand Order for FY2019-21 Period Dec 31, 2025

BGR Energy Systems Receives GST Demand Order of ₹32.72 Lakh for FY 2021-22 Dec 30, 2025

BGR Energy Systems Receives ₹4.46 Crore GST Demand Order from Gujarat Tax Authorities Dec 30, 2025

BGR Energy Systems Receives GST Appeal Order Involving ₹1.72 Crore Disputed Input Tax Credit Dec 29, 2025

More news about BGR Energy Systems

29Dec 25

BGR Energy Systems Receives ₹3.31 Crore GST Demand Order from CGST Commissioner

BGR Energy Systems has received a GST demand order of ₹1.65 crore plus an equal penalty, totaling ₹3.31 crore, from the CGST Commissioner in Nellore. The order alleges improper Input Tax Credit practices during FY 2018-19 to 2020-21, including wrong availment of ITC and transactions with non-compliant vendors. The company plans to appeal against the order.

31Oct 25

BGR Energy Systems Faces Rs. 36.14 Lakh GST Demand for Excess ITC Claims

BGR Energy Systems received a demand order for Rs. 39,83,234 from the Assistant Commissioner, Bhubaneswar Division, for excess Input Tax Credit claims in FY 2022-23. The order includes Rs. 36,14,294 in excess ITC and Rs. 3,68,940 in penalties. The company plans to appeal against this order. A previous demand of Rs. 64,21,696 for FY 2021-22 was dropped after verification.

22Aug 25

GMR Energy Secures Rs 1,600 Crore Through High-Yield Debt at 14.85%

GMR Energy has successfully raised Rs 1,600 crore through a five-year non-convertible debt instrument with a 14.85% coupon rate. The high-yield offering attracted investors including Allianz Global, Trust, and DSP Finance. Proceeds will be used for partial loan repayment and intra-group lending. The elevated rate reflects perceived risks and market conditions. Concurrently, GMR Group has increased its stake in GMR Energy from 58% to nearly 87%, with plans to reach 99% ownership. GMR Energy operates four power assets, including thermal power plants in Kamalanga and Warora.

19Aug 25

BGR Energy Systems Reports Widening Net Loss of Rs 266.03 Crore in Q1

BGR Energy Systems reported a consolidated net loss of Rs 266.03 crore for Q1, up from Rs 111.68 crore loss in the previous year. Revenue declined 49% to Rs 88.61 crore. The company faces financial challenges with negative net worth of Rs 1,905.51 crore and total liabilities of Rs 6,563.27 crore. Management is pursuing restructuring efforts and a claim of Rs 804.62 crore with NUPPL. S. Pattabiraman will step down as CFO, to be replaced by S. Sundar.

16Aug 25

BGR Energy Systems Reports Significant Losses in Q1 FY2026

BGR Energy Systems Limited released unaudited Q1 FY2026 results, showing substantial losses. The company reported a consolidated total income of Rs 88.61 crore, with a net loss after tax of Rs 266.03 crore. The basic earnings per share (EPS) stood at -Rs 36.74. Standalone results closely mirrored consolidated figures. Despite losses, the company maintained its equity share capital at Rs 72.16 crore.

14Aug 25

BGR Energy Systems Reports Wider Q1 Loss Amid Revenue Decline and Management Changes

BGR Energy Systems reported a net loss of ₹2.60 billion in Q1, up from ₹1.18 billion in the same period last year. Revenue declined to ₹886.00 million from ₹1.74 billion. The company announced management changes including CFO transition, with Mr. S. Pattabiraman stepping down and Mr. S. Sundar taking on the role. M/s. S. Satheesh Kumar & Associates appointed as Secretarial Auditor for a five-year term.

29Jul 25

GMR Energy to Raise ₹16,000 Crore Through Five-Year Bond Issue

GMR Energy plans to raise ₹16,000 crore ($184 million) through a five-year bond issue, offering a 14.60% internal rate of return. The bonds target alternative investment firms, foreign investors, and foreign banks, with funds intended for inter-group lending and loan repayment. The redemption schedule is staggered over years 3-5, with 20% in years 3 and 4, and 60% in year 5. Special provisions include a put option from February 2028 and a make-whole call provision for partial buybacks.

22Jul 25

BGR Energy Systems Faces Contract Termination for Rs 2,600 Crore Power Project

BGR Energy Systems received a contract termination letter from Tamil Nadu Power Generation Corporation Ltd (TNPGCL) for a Rs 2,600.02 crore EPC contract. The project involved establishing a 1 x 800 MW North Chennai Super Critical Thermal Power Project. TNPGCL cited the contractor's inability to fulfill obligations, incomplete critical systems, and failure to meet insurance and guarantee requirements as reasons for termination. BGR Energy Systems claims no major financial impact and has an arbitration application pending in the Madras High Court.

28May 25

BGR Energy Systems Reports Widening Losses in Q4, Revenue Declines

BGR Energy Systems reported a net loss of ₹336.30 crore in Q4 FY2024, a 152.9% increase from the previous year. Revenue declined by 60.4% to ₹67.30 crore. Annual revenue increased by 30.9% to ₹1,121.40 crore, but the net loss for the year widened to ₹760.80 crore. The company faces operational challenges, high finance costs, and industry-wide difficulties in the power sector.

06May 25

BGR Energy Systems Cleared of Fraud Allegations by SBI's Forensic Audit

BGR Energy Systems Limited has received a 'No Fraud' declaration from the State Bank of India following a comprehensive forensic audit of the company's accounts. The audit, which began in March 2024, concluded on May 5, 2025, with no evidence of fraud found. This clearance is expected to enhance the company's credibility, potentially improve its financial standing, and positively influence market perception.

05May 25

BGR Energy Systems Cleared of Fraud Allegations in SBI Forensic Audit

BGR Energy Systems Limited has been cleared of fraud allegations following a comprehensive forensic audit by the State Bank of India (SBI). The audit, which began in March 2024, found no evidence of fraud, leading SBI to classify BGR Energy's account as 'No Fraud'. The company disclosed this information to stock exchanges on May 5, 2025, stating that the forensic auditor found no instances of fraud as per RBI guidelines. This clean chit is expected to positively impact investor confidence and the company's market position.