The company in an exchange filing said that its lead partner of joint venture received an order of Rs 173.46 crore from South Eastern Coalfields and also orders worth Rs 216.53 crore and Rs 211.22 crore.
Equity markets around the globe have been under pressure on account of trade war fears, interest rate hike and valuation concerns
Though the overall debt is a concern; it is not out of control since most of it is working capital debt backed by good assets said Prabir Ghosh, wholetime director & group CFO, McNally Bharat.
The company's borrowing has gone up because of payments getting tight in the market. As a result, interest payout too has gone up.
Here's how small cap stocks opened on October 22
S Kumars Nationwide | Wipro | Raymond | Indian Hotels | Omaxe | Gillette | Coal India | MCX India | SKS Microfinance and IL&FS Transportation are stocks, which are in the news today.
Torrent Pharma | Pennar Industries | McNally Bharat | YES Bank | Jet Airways | CRISIL | Ranbaxy Labs | Midland Polymer | Fortis Healthcare and Just Dial are stocks, which are in the news today.
Mcnally expects reasonable revenue growth in FY14. They aim for an orderbook of Rs 3000-4000 crore going ahead.
In an interview to CNBC-TV18, Deepak Khaitan, chairman of Mcnally Bharat discussed the order of Rs 733.34cr from Associated Cement Companies (ACC).
McNally Bharat Engineering today said its Board has gave approval to raise up to Rs 120 crore through non-convertible preference shares in one or more tranches.
SPA Research is bullish on Mcnally Bharat and has recommended buy rating on the stock with a target of Rs 188 in its August 13, 2012 research report.
McNally Bharat has got order worth Rs 298 crore from WB Power Development Corporation, reports CNBC-TV18.
Eveready has been running up on expectations of a land deal, but Deepak Khaitan, executive vice chairman, Eveready India says it is not on the cards yet.
In an exclusive interview with CNBC-TV18, chairman Deepak Khaitan said that the company is not facing any execution problems, but they are forecasting a shortage of contractual labour.
Emkay Global Financial Services has come out with its report on Engineering & Capital Goods.
Speaking to CNBC-TV18, chairman of Mcnally Bharat, Deepak Khaitan says that they have recently bagged a landmark Rs 120 crore order which will mark the company’s entry into the road sector.
Prashant Amin, executive director of Elecon Engineering spoke to CNBC-TV18 about the new orders the company has bagged from McNally Bharat and what it means for their financials.
An order worth Rs 200 crore in the month of October has taken the total order book pf Mcnally Bharat to Rs 1,000 crore, says Deepak Khaitan, chairman of the company.
Deepak Khaitan, executive vice president at Eveready Industries India, tells CNBC-TV18 that proceeds from land sale will help bring down debt; however, the company is not in a hurry to sell land.
ICICIdirect.com is bullish on McNally Bharat (MBE) and has recommended buy rating on the stock with a target of Rs 220 in its May 17, 2011 research report.
Deepak Khaitan, chairman, McNally Bharat in an interview with CNBC-TV18 spoke about the company's quarterly performance.
Deepak Khaitan, chairman of McNally Bharat Engineering Company in an interview with CNBC TV-18's pointed that the company's current order book is at Rs 4,000 crore. It expects to start the new year with an order book of about 4,500 crore.