McNally Bharat stock soars after construction order win

The company received a construction order worth Rs108cr from NLC India.

Sep 05, 2018 09:09 IST India Infoline News Service

McNally Bharat Engineering Company
Shares of McNally Bharat soared over 2% on the BSE in early morning trade as the company received a construction order worth Rs108cr from NLC India. The announcement was made after market hours on September 4, 2018.

The company has received an order worth Rs107.97cr from NLC India for the construction of 544 colony houses and community hall including internal electrification at Khinda, Odisha, as per a BSE filing.

McNally Bharat Engineering Company Ltd is currently trading up 1.82% at Rs39.20 from its previous closing of Rs38.50 on the BSE.

The scrip opened at Rs40.25 and has touched a high and low of Rs40.25 and Rs38.60 respectively.

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