McNally Bharat picks order worth Rs 116 crore

McNally Bharat picks order worth Rs 116 croreMcNally Bharat Engineering bagged an order worth Rs 116 crore from state-run Steel Authority of India for a water supply system project at its Burnpur plant.

The company stated in a release that, Steel Authority of India (SAIL), IISCO Steel Plant, Burnpur, West Bengal has accepted the company`s offer for water supply system for CCP and BOF for a total price of up to Rs 115.92 crore inclusive of tax and duties.

The project is scheduled to be completed in 18 months.

The stock of McNally Bharat closed on Monday at Rs 31.20, down 2% compared to previous close of Rs 31.05. The scrip touched an intraday high and low of Rs 33 and Rs 30 respectively.

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