McNally Bharat soars on bagging order worth Rs 733.34 crore from ACC

17 Dec 2012

McNally Bharat Engineering Company is currently trading at Rs. 100.25, up by 3.40 points or 3.51% from its previous closing of Rs. 96.85 on the BSE.

The scrip opened at Rs. 97.80 and has touched a high and low of Rs. 103.00 and Rs. 96.50 respectively. So far 57150 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 128.00 on 09-Feb-2012 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. 103.00 and Rs. 93.80 respectively. The current market cap of the company is Rs. 304.72 crore.

The promoters holding in the company stood at 32.28% while Institutions and Non-Institutions held 22.86% and 44.85% respectively.

McNally Bharat Engineering Company has received an order from ACC for onshore supply, civil construction and installation & erection of New Jamul Cement Plant for a value of Rs 733.34 crore excluding taxes. The contractual delivery period is within 30.5 months.

Earlier in November, the company bagged two orders aggregating Rs 90.88 crore for construction of educational infrastructure facility under backward region grant fund in the districts of Purba Medinipur and Paschim Medinipur.

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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