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McNally Bharat shines as its arm bags order worth Rs 38 crore

08 Jan 2015 Evaluate

Mcnally Bharat Engineering Company is currently trading at Rs. 78.80, up by 1.90 points or 2.47% from its previous closing of Rs. 76.90 on the BSE.

The scrip opened at Rs. 79.00 and has touched a high and low of Rs. 79.00 and Rs. 77.30 respectively. So far 4064 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 111.90 on 01-Sep-2014 and a 52 week low of Rs. 46.60 on 26-Feb-2014.

Last one week high and low of the scrip stood at Rs. 84.85 and Rs. 76.10 respectively. The current market cap of the company is Rs. 245.64 crore.

The promoters holding in the company stood at 32.31% while Institutions and Non-Institutions held 12.22% and 55.48% respectively.

McNally Bharat Engineering Company’s 100% step subsidiary -- MBE Coal & Minerals Technology GmbH, Cologne -- has received an order from VALE group for an amount of Euro 5.1 million (Rs 38 crore approx) for supply of spare parts to optimize iron ore beneficiation activities.

Earlier in December 2014, McNally Bharat received an order for Design, Engineering, Supply and Construction of various sub-stations for a Power Project for a value of Rs 117.95 crores (approx).

McNally Bharat Engineering Company is one of the leading engineering companies. It provides turnkey solutions in areas of power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic and industrial water supply etc.

 

Peers
Company Name CMP
Larsen & Toubro 3881.50
Kalpataru Projects 1410.70
NCC 134.55
Rail Vikas Nigam 208.65
KEC International 396.90
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