BGR Energy Systems’ stocks were trading under pressure on Wednesday, August 21, 2024. The shares had an intraday low of Rs 45.11 per share, down as much as 3.54%.
The announcement that Jharkhand Urja Sancharan Nigam Limited (JUSNL) had terminated the company’s contract to supply, install, test and commission 132/33 kV GIS at Sarath, Sundernagar, and Chattarpur (Package 04A) caused a decline in the stock price of BGR Energy Systems.
The company shared in the exchange filing, “This is to inform that the company has received intimation of termination of contract from Jharkhand Urja Sancharan Nigam Limited (JUSNL Project) with respect to supply, installation, testing and commissioning of 132/33 kV GIS at Sarath, Sundernagar and Chattarpur (Package 04A).”
As of 2:06 am, BGR Energy Systems were trading 1.34% lower at Rs 45.65 on the NSE.
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