Business » Industry

Updated: July 29, 2013 23:38 IST

BGR Group founder dies

  • Staff Reporter
Comment   ·   print   ·   T  T  
B. G..Raghupathy
The Hindu
B. G..Raghupathy

Chairman and Managing Director of BGR Energy Systems B.G. Raghupathy passed away on Sunday night. Mr. Raghupathy was 59. A first-generation entrepreneur, he founded BGR Energy Systems Ltd. in 1985.

The company, which is a flagship firm of the BGR Group of companies, is a leading player in turnkey engineering and contracting for power and processes sector projects. He was well-known for pioneering the concepts of dry cooling system and balance of plant in India.

Under his leadership, the company grew to one of the three market majors in the EPC business for power projects in India—with the company having the capability to manufacture a portfolio of large and high-tech equipment.

In particular, Mr. Raghupathy was able to forge a number of technology and equity collaborations with European, U.S. and Japanese companies— a move that saw the BGR Group weather difficult economic times.

In 2008, BGR Energy was listed on the Bombay Stock Exchange and the National Stock Exchange.

Mr. Raghupathy is survived by his wife, Sasikala Raghupathy, three daughters and a son. BGR shares fell to a new low of Rs.89.70, down 14.8 per cent, on the BSE.

More In: Industry | Business
This article is closed for comments.
Please Email the Editor

Commodity prices

Take a look at the prices of various commodities in Chennai here»





Recent Article in Industry

Akito Shiraishi (Left), General Manager, Overseas Industrial Park Department, Sumitomo Corporation, Anita Arjundas, MD and CEO, Mahindra Lifespace Developers Ltd., President - Real Estate Sector, Mahindra Group, Member of The Group Executive Board and Masahiro Narikiyo, CMD, Sumitomo Corporation India Pvt Ltd at a press conference in Mumbai on Thursday.

Mahindra World City in JV with Sumitomo

The partners will invest Rs.375 cr in the Industrial Park including cost of land and infrastructure. »