McNally Bharat second quarter net profit Rs.3.6 crore
November 2nd, 2009 - 4:39 pm ICT by IANS
- Kolkata, Nov 2 (IANS) Engineering firm McNally Bharat Engineering (MBE) posted a net profit of Rs.3.6 crore for the quarter ended Sep 30, against Rs.3.2 crore registered during the corresponding period last fiscal, it said here Monday.
Its current order book stands at Rs.2,925 crore, the company said in a statement.
“Order book as on Sep 30 stands at a healthy level of Rs.2,925 crore. Further, bids totalling Rs.4,910 crore are at different stages of decision, which includes Rs.859 crore where MBE emerged L1,” the statement said.
“Considering the current order book, company expects to register a combined (including that of subsidiary McNally Sayaji) topline of around Rs.1,800 crore in FY10.”
MBE’s area of operation includes bulk material handling, ash handling system and port handling systems.
The company is in different stages of discussion with private power plants and non-ferrous metal producers for their requirement of balance of plant packages and process plants, it said.
“Due to the current slowdown in global economy, some of the private investments in steel and non-ferrous metal is expected to be delayed/deferred. However, we expect pump priming by the government in power sector shall balance the volume of business,” the company statement added.
Sphere: Related ContentRelated Stories
- McNally to hive off product division to subsidiary - Nov 10, 2008
- Sterlite revises bid amount for Asarco - Sep 11, 2009
- Neyveli Lignite seeks to commission 250 MW unit in Rajasthan - Oct 10, 2009
- Hindustan Construction net increases 22 percent - Jul 24, 2009
- Texmaco posts Rs.22.36 crore net profit - Oct 26, 2009
- BGR Energy Systems net profit up 17 percent - Jul 25, 2009
- Alfa Laval India bags $14 mn bio-fuel plant contract in Vietnam - Nov 02, 2009
- BGR Energy logs Rs.30-crore net profit - Oct 29, 2009
- Bharat Earth Movers net up 19 percent - Jul 09, 2009
- GAIL completes funding for Assam petrochemical plant - Oct 01, 2009
- Business
- balance of plant
- bharat
- bulk material handling
- crore
- different stages
- engineering firm
- global economy
- mbe
- metal producers
- net profit
- non ferrous metal
- nov 2
- power plants
- power sector
- priming
- private investments
- private power
- rs 1
- rs 2
- slowdown
Posted in Business, |