McNally Bharat Engineering has received its board approval to raise up to Rs 120 crore through non-convertible preference shares in one or more tranches. The company is planning to offer these shares to strategic and domestic investors, institutional buyers, mutual funds, banks, FIls, NRIs, insurance companies and corporate bodies, subject to necessary provisions and approvals.
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.
