News

January

Wednesday, 20 Jan 2021

McNally Bharat Engineering Company has secured three contracts with an aggregate value of Rs 601.21 crore from South Eastern Coalfields.

The company has bagged the contract in a joint venture (JV) with Trolex for planning, design, engineering, construction, fabrication, erection, supply, installation, testing, trial run and commissioning of one number silo of 4,000 tonne capacity with rapid loading system, elevating belt conveyors for the silo, truck receiving stations for receiving coal from the trucks with vibro feeders, 20,000 tonne capacity over ground bunker with vibro feeders and feeding it by the elevating conveyors to the 4,000 tonne capacity silo with RLS.

This is inclusive of all civil & structural and electrical & mechanical works and allied auxiliary facilities such as dust suppression system, firefighting system, plant cleaning system, sampling system, condition monitoring system, drinking water supply system, service road, general development, drainage, etc for loading of raw coal into rail wagons at Baroud OC Expansion (10 million tpa) Project in Raigarh area of Chhattisgarh on turnkey basis. The value of the contract is Rs 216.53 crore.

McNally-Trolex JV secured another contract for planning, design, engineering, construction, fabrication, erection, supply, installation, testing, trial run and commissioning of one number RCC silo each of 3,000 te capacity with rapid loading system of 4,500-8,500 tph, one set of crushing-cum-truck receiving station, RCC overhead bunker of 10,000 te and associated belt conveyors with transfer house for reclamation of coal from the crushing-cum-truck receiving station and feeding it to the bunker and then to the RCC silo.

The work is inclusive of all civil & structural and electrical and mechanical work and allied auxiliary facilities such as dust suppression system, fire fighting system, plant cleaning system, sampling system, condition monitoring system, drinking water supply system, service road, general development, drainage, etc for loading of raw coal into rail wagons at Chhal OCP, rated capacity six million tonne in Raigarh area on turnkey basis. The value of the contract is Rs 173.46 crore.

The third contract is bagged by the company is in JV with AML for planning, design, engineering, construction, fabrication, erection, supply, installation, testing, trial run and commissioning of two number RCC silo each of 3,000 te capacity with rapid loading system of 4,500-8,500 tph capacity, truck receiving station for receiving coal from trucks, RCC overhead bunker of 20,000 te and associated belt conveyors with transfer points for reclamation of coal from the truck receiving hoppers and feeding it to the bunker and then to the RCC silo.

The work is inclusive of all civil & structural and electrical & mechanical works and allied auxiliary facilities such as dust suppression system, firefighting system, plant cleaning system, sampling system, condition monitoring system, drinking water supply system, service road, general development, drainage, etc on turnkey basis for loading of raw coal into rail wagons at Dipka OCP for Dipka mechanised siding with silo of 25 million tpa rated capacity in Dipka area. The contract value is Rs 211.22 crore.

Thursday, 21 Jan 2021

McNally Bharat Engineering Company in joint venture (JV) with Trolex-Kilburn has bagged a contract from Mahanadi Coalfields.

The contract is for pre-engineered turnkey execution for design, supply, erection, commissioning and trial run with operation and maintenance (O&M) during DLP, etc for coal evacuation system by belt conveyors & despatch through RLS with surge bin at Sardega siding (20 million tpa) at Mahalaxmi area in Sambalpur district of Odisha.

The value of the contract is Rs 311.68 crore.

March

Mar 26, 2021, 07:46 PM IST

McNally Bharat Engineering bags Rs 278 crore order from Coal India arm.

McNally Bharat Engineering Company Ltd on Friday said it has bagged a Rs 278-crore order from Coal India arm MCL.

McNally Bharat Engineering Co Ltd (lead partner of joint venture) as McNallyAML (JV) has received an order of Rs 278.48 crore from Mahanadi Coalfields Ltd (MCL)," the company said in a filing to BSE.

The order is for pre-engineered turnkey execution for design, supply, erection, commissioning and trial run with operation and maintenance during defect liability period (DLP) for construction of coal handling plant to transport coal, it added.

16 March, 2017 CNBC TV18

In an interview to CNBC-TV18, Srinivash Singh, MD of McNally Bharat Engineering said that the order received for Rs 415 crores is to build solar plant for Andhra Pradesh Power Generation Company.

He said that the timeline for completion of order is 15 months. However, will enjoy 7-8 percent profitability on the order, said Singh.

McNally Bharat's objective is to turn around in next one-two years.

December

Business Standard

Outcome of Board Meeting held on 14 December 2016 McNally Bharat Engineering Company announced that the Board of Directors of the Company at its meeting held on 14 December 2016 has appointed Srinivash Singh as the Managing Director of the Company with immediate effect. The Board also appointed Partha S Bhattacharya as an Independent Director of the Company with immediate effect and accepted resignation of S R Dasgupta as Independent Director with immediate effect.

The Board also decided to not go ahead with merger proposal of EMC, McNally Bharat Engineering Company and McNally Sayaji Engineering with Kilburn Engineering.

The Board has decided to consider infusion of fresh equity into the company up to an amount of Rs 600 crore to further recapitalise the company.