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McNally Bharat spurts on bagging order worth Rs 139.36 crore from BHEL

09 Apr 2012 Evaluate

McNally Bharat is currently trading at Rs. 97.00, up by 2.60 points or 2.75% from its previous closing of Rs. 94.40 on the BSE.

The scrip opened at Rs. 94.45 and has touched a high and low of Rs. 98.00 and Rs. 93.00 respectively. So far 25394 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 237.10 on 21-Apr-2011 and a 52 week low of Rs. 79.75 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 98.00 and Rs. 86.50 respectively. The current market cap of the company is Rs. 292.28 crore.

The promoters holding in the company stood at 32.28% while Institutions and Non-Institutions held 29.22% and 38.50% respectively.

McNally Bharat Engineering Company has bagged an order worth Rs 139.36 crore from BHEL. The said contract is for civil, structural and architectural works and balance civil works for boiler auxiliaries foundation for R&M job of Barauni Thermal Power Station-Extension Project unit 8&9 Begusarai, Bihar.

Recently, the company received an order from NTPC for supply and inland transportation, insurance, installation, testing, commissioning and guarantee tests of pre-treatment plant package for Mouda Super thermal Power project, Stage II (2X660 MW) at a price of Rs 22.87 crore.

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 3860.00
Kalpataru Projects 1447.10
NCC 137.00
Rail Vikas Nigam 210.30
KEC International 402.50
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