McNally Bharat Engineering bags orders worth Rs1,174cr through JVs; stock jumps 5%

McNally-Trolex-Kilburn (JV) has received an order of Rs531.00cr and McNally-AML (JV) has received an order of Rs643.10cr from Northern Coalfields.

Feb 22, 2021 09:02 IST India Infoline News Service

McNally Bharat Engineering Company
McNally Bharat Engineering Company Limited (Lead partner of Joint Venture) as “McNally-Trolex-Kilburn (JV)” has received an order of Rs531.00cr from Northern Coalfields Limited (NCL) through Letter of Acceptance on February 20, 2021.

The order is for “Planning, Design, Engineering, Construction, Fabrication, Erection, Supply, Installation, Testing. Trial Run and Commissioning of Coal Handling Plant of 9.5 MTPA consisting of all Civil, Structural, Electrical and Mechanical Works and all other accessories and facilities required to make it complete in all respects on turnkey basis and Operation and Maintenance of plant for five years at Bina Kakri Amalgamation project,” company said in a regulatory filing on Sunday.

In a separate filing the company said McNally Bharat Engineering Company Limited (Lead partner of Joint Venture) as “McNally-AML (JV)” has received an order of Rs643.10cr from Northern Coalfields Limited (NCL) through Letter of Acceptance on February 20, 2021.

The order is for “Planning, Design, Engineering. Construction, Fabrication, Erection, Supply, Installation, Testing, Trial Run and Commissioning of Coal Handling Plant (Phase-IV) of 10 MTPA consisting of all Civil, Structural. Electrical and Mechanical Works and all other accessories and facilities required to make it complete in all respects on turnkey basis and Operation and Maintenance of plant for five years in Nigahi OCP of NCL,” it added.

At around 9.48 am, McNally Bharat Engineering Company Ltd was trading at Rs10.18 per piece up by Rs0.48 or 4.95% from its previous closing of Rs9.70 per piece on the BSE.

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