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McNally Bharat bags Rs 165 cr order from Tata Project

McNally Bharat Engineering today said it has bagged an order worth Rs 165 crore from Tata Project for engineering related works. The order e to be completed in 20 months, McNally Bharat in a filing to the Bombay Stock Exchange said. The scope of work includes designing, engineering, manufacturing and supply and commissioning of stock house package for Rourkela Steel Plant of Tata Project Ltd, the filing added. McNally Bharat Engineering previously informed that it bagged an order worth Rs 81.93 crore from National Thermal Power Corporation (NTPC) for supply and installation related works.

Company News

McNally Bharat Engineering Company on Tuesday said it has secured two orders worth Rs692.46 crore from Steel Authority of India Ltd for expansion of its plants. The company said it has bagged an order of Rs621.88 crore from SAIL for expansion of IISCO Steel Plant. The scope of the order includes supplying raw material handling system to SAIL, McNally Bharat said in a filing to the Bombay Stock Exchange. McNally further informed it has secured another order of Rs70.58 crore from SAIL. The order would be for Bokaro Steel Plant’s 7 MT expansion for its coupled pickling line tandem cold mill. As per information available on IISCO Steel Plant’s website, it has a capacity to produce 4.26 lakh tonnes of saleable steel and 2.54 lakh tonnes of pig iron annually. Kolkata-based McNally Bharat is engaged in providing turnkey solutions in the areas of power, steel, and civic and industrial water supply.