McNally Bharat shoots up, breaches upper circuit

Shital Jibhe / 22 Aug 2017

McNally Bharat shoots up, breaches upper circuit

Trading at Rs 70 per share, McNally Bharat Engineering Company was creating quite a stir Tuesday’s trade on the BSE, even as it breached the upper circuit at Rs 72 per share.

Trading at Rs 70 per share, McNally Bharat Engineering Company was creating quite a stir Tuesday’s trade on the BSE, even as it breached the upper circuit at Rs 72 per share. It was up by Rs 1.40 or 2.04% as at 1107 hours on Tuesday, on the BSE. The stock attracted a traded volume of 3,00,287 shares and traded value of Rs 215.43 lakhs on the NSE.
 
This impact on the scrip is possibly due to the company having announced that it has received an order for EPC work in Odisha for a value of Rs 514 crore. The EPC order of 8 MTPA capacity coal handling plant (CHP) with allied infrastructural facilities and operation and maintenance of the CHP is initially for two years and supervision and handholding is for one year at the Manoharpur coal mine of Odisha Coal and Power (OCPL) in the district of Sundargarh, Odisha, the company informed the BSE.
 
McNally Bharat Engineering Company is engaged in the construction and maintenance of power plants and industrial facilities.

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