McNally Bharat receives order from SAIL at Rs 258.68 Crores

McNally Bharat Engineering Company Ltd has announced that the Company has received an Order for setting up of By-Product Plant for IISCO Steel Plant, Burnpur from Steel Authority of India (SAIL) valued at Rs 258.68 crores, inclusive of all taxes and duties.

The completion period shall be 29 months from the effective date of Contract.

The Stock was trading at Rs.197, up by Rs.6.10 or 3.20%. The stock hit an intraday high of Rs.200.40 and low of Rs.192.70. The total traded quantity was 145506 compared to 2 week average of 161679.

Source : Equity Bulls

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