McNally Bharat Engineering secures order worth Rs 246 crore

Kolkata-headquartered McNally Bharat Engineering has secured order McNally Bharat Engineering secures order worth Rs 246 crore worth Rs 246 crore from Vedanta Alumina for commissioning three plants in Orissa.  
 
The scope of the order include design, detailed engineering, manufacturing and supply of equipment, erection and commissioning of three 35 tonnes per hour each of plant at Jharsuguda in Orissa.  
 
The company does not see a significant impact on margins due to price escalation clauses for most projects, a top official stated.

McNally Bharat Engineering Company Limited (MBE) undertakes turnkey projects in infrastructure and related manufacturing activities in India. It operates through two divisions, Projects and Products.

Last month, the company has bagged an order from Mundra Port and Special Economic Zone, Ahmedabad for design engineering, manufacturing, supply, erection, commissioning and performance testing of 4 rail mounted bucket wheel stacker reclaimer valued at Rs 47.30 crore exclusive of all taxes and duties which are exempted under SEZ.

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