McNally Bharat Engineering Company is currently trading at Rs. 102.95, up by 1.65 points or 1.63% from its previous closing of Rs. 101.30 on the BSE.
The scrip opened at Rs. 103.75 and has touched a high and low of Rs. 103.90 and Rs. 100.00 respectively. So far 2908 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 237.10 on 21-Apr-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. 106.75 and Rs. 99.65 respectively. The current market cap of the company is Rs. 317.16 crore.
The promoters holding in the company stood at 32.28% while Institutions and Non-Institutions held 29.22% and 38.50% respectively.
McNally Bharat Engineering Company has secured two orders worth aggregating Rs 70 crore from VISAPower. The first order is for supply of 1 no 1600 TPH Reversible Stacker cum Reclaimer & 2 no 1600 TPH Bucket Wheel type Reclaimer including associated Utility Civil and Electrical for 2X600 MW VISA Raigarh Super Thermal Power Project, Raigarh, Chhattisgarh at a price of Rs 60 crore excluding all taxes and duties on FOR basis. The contractual completion period is 16 months from the effective date of the contract.
Moreover, the second contract is for erection testing & commissioning services for 1 no 1600 TPH Reversible Stacker cum reclaimer & 2 no 1600 TPH Bucket Wheel type Reclaimer including associated Civil works for 2X600 MW VISA Raigarh Super Thermal Power Project, Raigarh, Chhattisgarh at a price of Rs 10 crore excluding all taxes and duties. The contractual completion period is 16 months from the effective date of the contract.
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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