McNally Bharat Engineering Company hits upper circuit on fresh orders

McNally Bharat Engineering’s joint venture with Trolex India (McNally Trolex) has received an order worth Rs 173.46 crore from South Eastern Coalfields Limited (SECL).  

The company has received the above-mentioned order from SECL for the planning, design, engineering, construction, fabrication, erection, supply, installation, testing, trial run, and commissioning of RCC Silo of 3,000 te capacity with rapid loading system of 4,500-8,500 tph, a set of crushing cum truck receiving station, RCC overhead bunker of 10,000 te and associated conveyors.   

Their work would also include creating a transfer house for reclamation of coal from the crushing cum truck receiving station and feeding it to the bunker and RCC Silo. Other systems such as dust suppression, firefighting, plant cleaning, sampling system, condition monitoring, drinking water, service road, general development, drainage, etc. would also be installed by the company.   

McNally Bharat Engineering Company Ltd (MBE) is one of the leading engineering companies in India engaged in providing turnkey solutions in the areas of power, steel, coal, mining, ports, construction, etc. The company has successfully completed over 350 plants on a turnkey basis.     

On Wednesday, the shares of the company reacted positively and hit the upper circuit immediately after the market opened. At 1.45 pm today, the company’s stock was trading at Rs 5.78, up by 4.90 per cent on BSE.