McNally Bharat Engg charts robust growth plans
McNally Bharat Engineering (MBE) Company Ltd has announced that the company aims to achieve a sales turnover between Rs5000-7000 crore by 2015. At the AGM on November 24, 2009, the Board of Directors recommended a dividend of 12.5% for the year 2008-09. The total income increased by 81%, the EBIDTA by 99%, PBT by 59% and EPS by 36%. The turnover of the company as on 31st March 2009 was Rs1,139 crore compared to that of Rs550 crore in 2008 with EBIDTA of Rs128 crore compared to that of Rs43 crore in the previous year.
To achieve the growth plans projected, the company has enlarged its production base in all its four existing manufacturing units at Kumardhubi, Asansol, Bangalore and Baroda. The Baroda Unit has recently acquired 40 acres of land in order to double the existing capacity of the unit and also to set up a center of engineering excellence and manufacturing facilities for oil & gas equipment and nuclear power equipment.
Mcnally Bharat Engineering (MBE) has recently completed the process of acquisition of the Coal and Mineral Technology Division of KHD Humboldt Wedag, Germany through its subsidiary company, MBE Holdings Pte Limited, Singapore. The new acquisition has got four subsidiary companies:
MBE Coal & Mineral Technology GmbH, Cologne
MBE Minerals SA (Pty) Limited, South Africa
McNally Humboldt Wedag India Pvt Ltd.
MBE Cologne Engineering GmbH.
With this new acquisition MBE is poised to become one of the world leaders for Coal Crushing & Mineral Processing Technology and will also have a footprint globally through the existing operations of Coal & Mineral Technology business of the acquired company.
The factory at Cologne has the capacity to manufacture European standard high precision equipment for cement, steel and non-ferrous metal projects. With this global presence, the factory would be adding value in terms of capability to provide products of international standard.
According to Srinivash Singh, MD, Mcnally Bharat Engineering: “Currently we have a healthy order book position of Rs. 3000 crore. The company expects to have a turnover of Rs1750-1800 crore for the Group, by the year end 2009-10. With the expected growth, the company has already put a plan in operation to enhance its Research & Development activities besides placing in position highly skilled man power.”
About McNally Bharat Engineering Company Ltd
Headquartered in Kolkata, the vision of McNally Bharat Engineering Company Limited or MBE is to constantly innovate. It is this aspect that has made it one of the leading engineering companies in India who provide turnkey solutions in Power, Steel, Aluminum, Material Handling, Mineral Beneficiation, Pyroprocessing, Pneumatic Handling of Powdered Materials including Fly Ash Handling and High Concentrate Disposal, Coal Washing, Port Cranes, Civic and Industrial Water Supply and so on. MBE has executed on turnkey basis over 300 plants till date.
MBE carries out manufacturing activities through its subsidiary company, McNally Sayaji Engg Ltd (MSEL), having factories at Kumardhubi (Jharkhand), Asansol (West Bengal), Bangalore (Karnataka) and Baroda (Gujarat). MSEL manufactures a wide range of equipment for material handling, including crushers, screens, conveyors, port cranes, pressure vessels and equipment required in steel plants, Mining, Aluminium, Cement & other industries.
All manufacturing units and Projects have been awarded ISO 9001:2000 certification.In addition MBE Cologne Engg., manufactures sophisticated equipment required for cement, steel, power & other sectors as per European standards. The Kharagpur factory of the CMT Division manufactures equipment required for the Coal & Mineral Processing industry.