McNally Bharat wins order worth Rs 300 crores

McNally Bharat wins order worth Rs 300 croresMcNally Bharat Engineering Company Ltd, a Kolkata-headquartered joint venture between BM Khaitan group and GP-CK Birla group, has bagged an order worth Rs 300 crore from Hindustan Zinc Ltd (HZL).

The awarded contract is for a 2.0 MTPA Pb-Zinc Beneficiation Plant at Sindesar Khurd Mines, Rajasthan.

The contractual period of completion of the order is 18 months.

On the back of positive announcement, the scrip of the company surged to intraday high of Rs 126, from intraday low of Rs 117. The counter has made 52-week-high and low of Rs 163 and Rs 23 respectively.