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Apr 18, 2011 03:17 PM IST | Source: Moneycontrol.com

McNally bags order worth Rs 379 cr from Sail

McNally Bharat Engineering Company Ltd Monday said it has got a Rs 379-crore contract from Steel Authority of India for design, engineering, and supply of plant & equipment for the Bhilai plant.

 
 
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McNally Bharat Engineering Company Ltd Monday said it has got a Rs 379-crore contract from Steel Authority of India  for design, engineering, and supply of plant & equipment for the Bhilai plant.


The contract is expected to be completed over two years.


McNally's consolidated order book at the end of third-quarter of 2010-11 stood at Rs 4,370 crore, said Sageraj Bariya, a research analyst with Angel Broking.


"We believe that an improving economic scenario, continuous government focus on infrastructure spending and pick-up in private capex augurs well for the companies providing EPC solutions to the core sectors of the economy," he said.

Angel Broking has retained its

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