McNally Bharat Receives Two Orders Worth Rs 2.44 Billion

McNally Bharat Receives Two Orders Worth Rs 2.44 BillionMcNally Bharat Engineering, India’s leading engineering solutions company, announced that it has secured 2 orders worth Rs 2.44 billion from Vedanta Group.

London listed Vedanta Group is a metals and mining major with Aluminium, Copper and Zinc operations in India and Australia.

According to sources, the first order has been bagged for Vedanta Group’s 1.5 million tons per annum capacity lead zinc beneficiation plant located in Bhilwara, Rajasthan and the other is for aluminium handling package at Lanjigarh, Orissa.

Earlier on Dec.15, 2008, McNally Bharat has been awarded orders worth Rs 866.6 million by Essar Constructions (India), Mumbai for the supplying of engineering material for their different plants.

Scrip of McNally Bharat Engineering ended in green at Rs 41, up 12.38 percent on National Stock Exchange (NSE). The total volume of shares traded was 80,575 at the NSE.

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