McNally Bharat arm forays into Russia
13 Jan 2014
McNally Bharat Engineering Co Ltd has entered Russia through MBE Coal & Minerals Technologies GmbH, its step-down subsidiary in Germany.
McNally Bharat Engineering Co Ltd said MBE Coal & Minerals Technologies GmbH, a 100-per cent subsidiary of MBE Mineral Technologies Pte Ltd, Singapore, which is wholly-owned by McNally Bharat, has received an order from the Eurochem Group of Russia for works relating to flotation equipment package.
The order relates to a flotation equipment package worth €5.95 million (about Rs50 crore) for an iron ore mining project. The McNally arm has to install the package within next 24 months.
McNally Bharat Engineering Company Ltd is one of the leading engineering companies in India engaged in providing turnkey solutions in the areas of power, steel, aluminium, material handling, mineral beneficiation, pyroprocessing, pneumatic handling of powdered materials, including fly ash handling and high concentrate disposal, coal washing, port cranes, cement, oil & gas, civic and industrial water supply etc.
The company has constructed over 350 plants on turnkey basis till date.
The company, headquartered at Kolkata, is a part of the Williamson Magor Group.
The EPC project activity of the company is managed through separate business divisions/ groups.
McNally Bharat Engineering Company shares were trading at Rs57.60, up 0.61 per cent from the previous close.
