Mcnally Bharat up 4.6% on order for Vizag power plant

Written By Unknown on Kamis, 17 Januari 2013 | 15.45

McNally Bharat Engineering gained as much as 4.6 percent intraday on Thursday on receiving order worth Rs 513 crore.

The company said they have received an order for design, engineering, processing, manufacturing, inspection, civil work, erection and commissioning for complete balance of plant equipment (BOP) (total plant excluding boiler, turbine & generator) for a value of Rs 513.19 crore for 1X300 MW Power plant at Vizag.

"The contractual delivery period is within 22 months," McNally said.

The company has been received orders worth Rs 709.74 crore in January so far while Rs 744.46 crore worth of orders received in December.
 
Shares gained 1.51 percent to Rs 100.80 amid large volumes at 12:40 hours IST on Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 313.43 crore.

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