McNally Bharat Engineering Company receives contract worth Rs 1024 crore

McNally Bharat Engineering Company has informed that the Company i.e. McNally Bharat Engineering Company (MBE) in its recently formed 50:50 SPV with EMC Group in Muscat, Sultanate of Oman, received a contract for Construction, detailed engineering, construction supervision, mechanical commissioning and supply for a value of $ 315 million (Rs 2048 crores approximately) from Sohar Bitumen LLC in Oman for their Bitumen Refinery in Sohar, Muscat, Sultanate of Oman. The share of MBE in the said order shall be $ 157 million (Rs 1024 crores approximately). The delivery period of the project is 24 months from the date of receipt of advance from the customer.

The above information is a part of company’s filings submitted to BSE.