BGR Energy Systems Limited's loans classified as NPA

BGR Energy Systems Limited has defaulted on Working capital facilities (FB & NFB) being CC/WCDL/BG for specific projects of Principal - Rs.631 crore (Fund Based: Rs.300 crore and Non-Fund Based -Rs.331 crore)* as on 30/11/2023 from ICICI Bank Limited, Indian Bank, and Bank of India.

The banks have classifed the accounts as NPA and received the communication on various dates i.e., 27/10/2023 (ICICI Bank Limited), 30/10/2023 (Indian Bank) & 07/11/2023 (Bank of India).

Total amount of outstanding borrowings from Banks/financial institutions is Rs.4256 crore (Fund Based: Rs.1584 crore and Non Fund Based - Rs.2672 crore) as of 30/11/2023.

Shares of BGR Energy Systems Limited was last trading in BSE at Rs. 91.40 as compared to the previous close of Rs. 94.48. The total number of shares traded during the day was 374717 in over 3857 trades.

The stock hit an intraday high of Rs. 97.50 and intraday low of 86.43. The net turnover during the day was Rs. 34740253.00.

Source : Equity Bulls

Keywords

BGREnergySystems INE661I01014 LoanDefault NPA