McNally Bharat gains over 4% on Rs 115.50cr order

NEW DELHI: McNally Bharat Engineering Company Ltd rose over 4 percent in trade on Thursday after the company bagged orders worth Rs 115.50 crore from the Bihar State Electricity Board.

“The company received an order from the Bihar State Electricity Board for manufacturing, supply, erection, inland transportation and insurance of equipment, material and mandatory spares for Ganga Water Supply Package for the Barauni Thermal Power station, Phase - 1 (2X 110MW) and Phase II (2X250MW) at a price of Rs 115.50 crore. The contractual completion period is 30 months,” McNally Bharat Engineering Company said in a stock exchange filing.

At 11:37 a.m, the stock was trading 3.3 percent higher at Rs 103.10. It has hit a high of Rs 104.70 and a low of Rs 99.50 today.