Mcnally Bharat Engg wins Rs 115 cr contract from BSEB

Mcnally Bharat Engineering Company today said it has received a Rs 115 crore order from Bihar State Electricity Board (BSEB) for Barauni Thermal Power Station.

"The company has received an order from BSEB for manufacturing, supply, erection, inland transportation and insurance of equipment, materials and mandatory spares for Ganga Water Supply Package for Barauni Thermal Power Station," the company said.

The contract will be executed in thermal power station's "Phase - 1 (2 X 110 MW) and phase II ( 2 X 250 MW) at a price of Rs 115.5 crore," Mcnally said in a filing to the Bombay Stock Exchange.

The contract is scheduled to be completed in 30 months span.

Shares of Kolkata-headquartered Mcnally Bharat Engineering, part of the Williamson Magor group, today rose nearly 5 per cent to Rs 104.50 apiece on the BSE.