McNally bags Rs 246 cr order from Vedanta Alumina
Engineering firm McNally Bharat Engineering said the company has received Rs 246 crore order from Vedanta Alumina for commissioning three plants in Orissa.
The scope of the order include design, detailed engineering, manufacturing and supply of equipment, erection and commissioning of three 35 tonnes per hour each of plant at Jharsuguda in Orissa, the company said in a filing to Bombay Stock Exchange.
Shares of the company surged as much as 8 per cent over its previous close and witnessed an intra-day high of Rs 120.70. The scrip, however, parted with some initial gains and was trading at Rs 116.75, up 4.47 per cent on BSE in afternoon trade.
Earlier, in February 2006, McNally Bharat had bagged an order worth Rs 134 crore for constructing two green mode plants from Vedanta Aluminia for their Greenfield Aluminium Smelter Plant in Jharsuguda.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.