McNally Bharat trades jubilantly on bagging order worth Rs 121.75 crore

29 Aug 2012

McNally Bharat Engineering Company is currently trading at Rs. 92.35, up by 2.55 points or 2.84% from its previous closing of Rs. 89.80 on the BSE.

The scrip opened at Rs. 88.70 and has touched a high and low of Rs. 94.25 and Rs. 88.70 respectively. So far 8072 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 135.95 on 08-Sep-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. 97.60 and Rs. 87.05 respectively. The current market cap of the company is Rs. 280.31 crore.

The promoters holding in the company stood at 32.28% while Institutions and Non-Institutions held 23.12% and 44.60% respectively. 

McNally Bharat Engineering Company has bagged order worth Rs 121.75 crore from Bhilai Steel Plant. The contract is for external water system for mills and fire water pump-houses under modernization and expansion of Bhilai Steel Plant.

Earlier this month, the company’s 100% step down subsidiary - MBE Coal & Minerals Technology GmbH, Germany, secured an order worth Rs 18.63 crore from Rana Gruber AS, Norway for two big Jones (magnetic separators) and one small Jones (magnetic separators). The contractual completion period is 11 months.

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.

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