Last Updated :
22 February 2010 at 12:40 IST
McNally Bharat Engg bets big on NPCC order
MUMBAI (Commodity Online): Infrastructure solutions provider, McNally Bharat Engineering Company (BOM:532629) has stated that the company has won a contract worth Rs.6.63 crore from National Projects Construction Corporation to build border outposts along the Indo-Bangladesh border.
The company stocks gained by close to 2% to Rs.248.05 on the Bombay Stock Exchange (BSE) today after the company made the announcement of new order win.
Get Trading Tips just for one commodityAs per the announcement made by the company today, McNally Bharat has bagged the latest order from National Projects Construction Corporation for construction of border out post along the Indo-Bangladesh border in the state of Tripura. The project is to be executed by 17 May 2011.
Early this month, McNally Bharat bagged two orders aggregating Rs.56.64 crore from Hindalco for its smelter projects. McNally Bharat Engineering Company (MBECL)'s net profit spurted 95% to Rs.7.39 crore on 59.1% rise in net sales to Rs.332.50 crore in Q3 December 2009 over Q3 December 2008.
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