Mcnally Bharat Engineering gains after winning order

Mcnally Bharat Engineering Company rose 1.30% to Rs 39 at 9:34 IST on BSE after the company said it received a construction order worth Rs 108 crore from NLC India.

The announcement was made after market hours yesterday, 4 September 2018.

Meanwhile, the S&P BSE Sensex was up 57.66 points, or 0.15% to 38,215.58.

On the BSE, 4,970 shares were traded in the counter so far compared with average daily volumes of 8954 shares in the past two weeks. The stock had hit a high of Rs 40.25 and a low of Rs 38.60 so far during the day. The stock hit a 52-week high of Rs 70.55 on 19 September 2017. The stock hit a 52-week low of Rs 31.50 on 23 August 2018.

Mcnally Bharat Engineering Company said it has received one order from NLC India for construction of 544 colony houses and community hall including internal electrification - phase-I for Talabira II & III OCP - proposed R&R colony at Khinda - Odisha worth Rs 107.97 crore.

McNally Bharat Engineering Company reported net loss of Rs 111.88 crore in Q1 June 2018 as against net loss of Rs 101.89 crore in Q1 June 2017. Net sales rose 20.62% to Rs 457.60 crore in Q1 June 2018 over Q1 June 2017.

McNally Bharat Engineering Company is one of the leading engineering companies in India engaged in providing turnkey solutions.

Powered by Capital Market - Live News