In an interview to CNBC-TV18, PR Easwar Kumar, CFO of BGR Energy spoke about company's results for Q1 of FY14.
Currently, promoter holding in BGR Energy is at 78.01 per cent and offloading via the Offer for Sale (OFS) route, would help the company in meeting the 25 per cent minimum public shareholding norms as stipulated by market regulator Sebi.
BGR Energy has come under the scanner for tax evasion. The directorate general of Central Excise Intelligence has booked a case of tax evasion against the company. PR Easwar Kumar, chief financial officer of the company clarified that they will not have any liability at the end of the proceedings.
Capital goods company BGR Energy Systems is one of the few companies which has been able to maintain its margins. Their order book is at about Rs 37,000 crore as of date, says the CFO of the company, PR Easwar Kumar.