McNally Bharat Engineering Company Ltd. (MBE) 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...
April 1, 2017
The Management team has been strengthened with the induction of a number of senior professionals with outstanding industry experience.
Mr Arindam Sarkar, heading Engineering, Construction, Business Strategy & Risk Management
Mr B P Srivastava, Chief of Construction
Mr Shyamal Kumar Das, Head of Process Group
Mr Asis Kumar Bhattacharjee, Head of Electrical Construction & Construction management Solar Power Plant
Mr Lalit Kumar Khetan, CFO
Dr Rakesh Chopra, Chief of Legal & Contracts
March 30, 2017
41,666,666 Compulsory Convertible Preference Shares (CCPS) have been allotted to the promoters and 41,394,273 CCPS has been uploaded to public on preferential basis.
March 17, 2017
At the EGM held on 16 March 2017, decision was taken to increase the authorised share capital of the company.
March 15, 2017
The Company has received an order for Design, Engineering, manufacture, supply, commissioning and operation & maintenance of 100MW grid connected Solar Power Project including civil works in Andhra Pradesh on EPC Basis for Andhra Pradesh Power Generation Corporation Limited for a value of around Rs. 415.29 crores.
December 21, 2016
Mr. Manoj Toshniwal, an Additional Director of the Company has tendered his resignation from the Board of Directors of the Company with immediate effect.
December 14, 2016
The Board of Directors of the Company decided to take key measures which would rejuvenate the company operations and take it on a fast growth track.
Decided not to go ahead with the merger of EMC Limited, McNally Bharat Engineering Company Limited and McNally Sayaji Engineering Limited with Kilburn Engineering Limited.
Appointed Mr Srinivas Singh as the MD of the company to spearhead the growth plans of the company.
Appointed Mr Partha s Bhattacharya (ex CMD Coal India Ltd) as an independent Director
The Board authorized the MD to look into a plan to infuse fresh equity into the company upto an amount of Rs. 600 crores to further recapitalize the company