In a move that may contribute to the business growth of McNally Bharat Engineering, the board of the company cleared the proposal to issue non-convertible preference shares of up to Rs 120 crore in one or more tranches. Consequently, the board also permitted the raising of the authorised share capital of the firm to Rs 160 crore from Rs 40 crore earlier. In a communication to the stock exchange, the company said i
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McNally gets Rs 116 cr order
McNally Bharat Engineering Company has bagged a Rs 115.56 crore order from Neyveli Lignite Corporation for construction related works.
McNally bharat awarded Rs 33 crore contract
McNally Bharat Engineering Company has bagged an order from Bharat Heavy Electricals for design, engineering, manufacture, supply and erection, testing and commissioning.