BGR Energy Systems Reports Significant Losses in Q1 FY2026 Aug 16, 2025
BGR Energy Systems Reports Wider Q1 Loss Amid Revenue Decline and Management Changes Aug 14, 2025
GMR Energy to Raise ₹16,000 Crore Through Five-Year Bond Issue Jul 29, 2025
More news about BGR Energy Systems
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.