McNally Bharat Engineering Company Ltd

(MBECL)

McNally Bharat Engineering Company Limited MBE is one of the leading Engineering Companies in India which was incorporated on 10th July 1961 under the name of McNally Bird Engg. Co. Ltd as a joint venture between McNally Pittsburg USA and Bird Co. The Company headquartered at Kolkata engaged in providing Turnkey solutions in the areas of Power Steel Alumina Material Handling Mineral Beneficiation Coal washing Ash handling and disposal Port Cranes Civic and Industrial water supply etc. The turnkey construction activity of the company is managed by its Projects division also based at Kolkata through separate SBUs that assume responsibility for each activity from concept to commissioning. MBE also manufactures a range of equipment largely employed in the above activities which are undertaken at two factories under the Products division of the company. The Projects divisions at Kolkata as well as the Products division are both ISO 9000 certified.MBE had designed and built the longest cross country conveying system in India during the year of 1968 for 800 TPH coal handling plant of thermal power station at Talcher Orissa. In the year 1970 the first indigenously designed mineral beneficiation plant in India for beneficiation of fluorspar was built by the company for Gujarat Mineral Development Corporation Ltd at Kadipani Gujarat. Also in the same year MBE had built the first Carbon Paste Plant indigenously for Indian Aluminium. The Companys name was changed from McNally Bird Engg Co Ltd to the present name McNally Bharat Engineering Company Limited in the year 1972. In the year 1979 MBE had built the first indigenously designed 700 TPH Coal Washery for Bharat Coking Coal Ltd. at Sudamdih Jharkhand. The Companys control was taken over by the Williamson Magor Group in the period of 1980. During 19951998 Projects and Products Divisions of the company awarded ISO 9001 certification this was constituted by RWTUV Germany. In 1998 the company had entered into Open cast mining sector and secured an order for 20000 tph shiftable conveying system followed by orders for conveyors and Bucket wheel excavator Spreader etc from Neyveli Lignite Corporation Tamil Nadu. After a year in 1999 a Joint Venture was formed with Eriez Magnetics USA worlds leading manufacturers of magnetic vibratory and metal detection equipment for manufacture of their products in India. The Company had received order from Neyveli Lignite Corporation in the year 2000 for first dense phase pneumatic conveying system for ash handling in India and in 2001 MBE had obtained the first major order for Water Management in a joint venture project for combined water supply to 674 habitations in Tiruchirapally District Tamil Nadu. During the year 2002 the company had entered into a licensing agreement with Konecranes Heavy Lifting Corporation VLC Corporation for technology transfer for design engineering manufacture erection commissioning of a range of Port Handling Equipment. In the same year of 2002 MBE had acquired 100 control over ErotervWaagnerBiro Hungary now known as EWB Kornyezetvedelmi Kft. world leader in Pneumatic conveying Technology. Designed built and commissioned Indias largest capacity Level luffing cranes in the year 2004 at Kandla Port. During the year 2005 the company had built and commissioned in global record time of 14 months a complete leadzinc beneficiation plant for M/s Hindustan Zinc Agucha mines a Green Anode plant for Bharat Aluminium Company at Korba and the Indias largest capacity Goliath Crane 300 MT for Cochin Shipyard Ltd. In the same year of 2005 MBE had built and commissioned Container Handling Crane in India at Haldia Dock Complex.During the year 2006 the company made a tieup with TPE of Russia in steel sector for iron and steel making. MBE a first Indian company made a association with Aluminium Pechiney France for building Hyper Dense Phase Alumina Conveying System at Angul for National Aluminium Company Ltd. And also in the same year of 2007 the company had entered into steel sector and awarded an order for constructing Sinter plant at Vizag by RINIL. In January of the year 2008 the company received an order from Bharat Heavy Electricals BHEL Bangalore for supply of an ashhandling system mechanical package for DVC Mejia Phase B units 1 and 2 2 x 500 mw valued at Rs 289.2 million and in February bagged a Rs 6218.8 million order from Steel Authority of India SAIL for its expansion at the IISCO steel plant. MBE unanimously agreed to acquire 68.28 shareholding of Sayaji Iron Engineering at Rs 590.1 million in May of the year 2008. During September of the same year 2008 the company bagged an order worth of Rs 1.15 bn from BHEL.In 2010 the company bagged an order for Rs. 827 crores from Madhya Pradesh Generating Company MPGENCO. during the same year the company bagged orders for the supply under Pre Treatment Plant Package as well as one order for Inland Transportation Insurance Erection Testing Commissioning and Guarantee Tests of Pre Treatment Plant Package for Vindhyachal Super Thermal Power Project NTPC Ltd stage IV 2X500 MW. The total value of the order is Rs. 33.77 Crores including taxes and duties.In 2011 the company bagged various orders such as Rs. 115.56 Crores from Neyveli Lignite Corporation Limited Rs. 379 Crores from Steel Authority of India Ltd Rs. 27.99 Crores from Steel Hindalco Industries Ltd Rs. 109.25 Crores from Bhavnagar Energy Company Ltd Rs 197.33 crore Bharat Heavy Electricals Limited BHEL Essar Projects and Maharashtra State Power Generation Co.

Share Price: ₹3.55 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹79.13Cr as of today
Revenue: ₹26.92Cr as on September 2024 (Q3 24)
Net Profit: ₹-220.27Cr as on September 2024 (Q3 24)
Listing date: 06 Oct, 2006
Chairperson Name: Aditya Khaitan