McNally bags Rs.309 crore order for conveyor system

This is the company's third such order during the week

Kolkata-headquartered engineering company McNally Bharat Engineering Company Ltd announced on Monday that it had received a conveyor system order for Rs.309 crore. 

 

“…the Company have received an order for Design, Engineering, Manufacturing, Erection, Commisioning and Supply on turnkey basis for In-Pit Conveyor System for a value of Rs. 309 crores,” said the statement on the exchange website. 

 

This is the third such announcement during the week. The company had previously announced on 21st August a Rs. 531.90 crore order for ‘Civil & Structural works for Main Plant Area including Boiler & TG Foundation and Chimney for a Super Critical Thermal Power project.’

 

On the 20th of August it had announced receipt of a Rs. 973 crore order for ‘Supply of Equipment, Civil Work, Structural Work, Erection & Commissioning of Balance of Plant Package for a Thermal Power Project.’

 

The company’s projects business includes the power, cement, steel, mining, ports and infrastructure segments, according to its website.  It also has a products division which manufactures heavy equipment for activities including crushing or material handling.  

 

McNally had a revenue of Rs.446.06 crore in the June quarter and total revenues of Rs.2183.25 crore for the financial year ending in March 2013.

 

The stock was trading with gains of 3.94%, having risen to Rs.48.75 at the time of writing.