McNally Bharat , McNally Bharat bags 330 Crores Deals From SAIL

McNally Bharat bags Rs 330 cr order from SAIL

McNally Bharat Engineering Company today said it has bagged an order worth Rs 330 crore from Steel Authority of India for engineering related works at the state-run steel major’s Rourkela plant.

The scope of work includes supply of equipment like crusher and vibrating feeder at company’s coal handling plant in Rourkela, the company said in a statement.

“This is an extremely important and prestigious project for us. We hope to execute the contract successfully in keeping with our high standards of technical expertise,” McNally Bharat Engineering Managing Director Srinivash Singh said.

McNally Bharat Engineering Company Limited

McNally Bharat Engineering today reported a net profit of Rs 3.6 crore for the July-September quarter against Rs 3.2 crore in the corresponding period last fiscal.The company’s order book stands at Rs 2,925 crore and it expects to register a combined topline, including that of subsidiary McNally Sayaji, of around Rs 1,800 crore in 2009-10.

About McNally Bharat Engineering Company Limited 

Headquartered in Kolkata, the vision of McNally Bharat Engineering Company Limited or MBE is to constantly innovate. It is this aspect that has made it one of the leading engineering companies in India who provide turnkey solutions in Power, Steel, Aluminum, Material Handling, Mineral Beneficiation, Pyroprocessing, Pneumatic Handling of Powdered Materials including Fly Ash Handling and High Concentrate Disposal, Coal Washing, Port Cranes, Civic and Industrial Water Supply and so on. MBE has executed on turnkey basis over 300 plants till date.

McNally operates in bulk material handling, ash and port handling systems.At present, McNally is in talks with private power plants and non-ferrous metal producers for their plant packages and processing units.

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Shares of McNally Bharat today closed at Rs 201.80 on BSE, down 3.40 per cent from its previous close.