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McNally Bharat bags order worth Rs 47.3 crore

Sumeet Kak 1 July 2008

McNally Bharat Engineering Company Ltd have received an order worth Rs 47.3 crore from Mundra Port and Special Economic Zone Ltd, Ahmedabad

The order is for design engineering, manufacturing, supply, erection, commissioning and performance testing of 4 Nos. Rail Mounted Bucket Wheel Stacker Reclaimer.

Kolkata-based McNally Bharat Engineering undertakes turnkey projects in infrastructure and related manufacturing activities in India.

For FY08, the company reported improved net profit by 28% at Rs 22.40 crore against Rs 17.50 crore million achieved in 2006-2007. The company's income grew by 8% to Rs 550.05 crore from INR 509.63 crore during the same period.

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