McNally Bharat, which had closed yesterday at Rs.5.52, opened itself 5% higher at Rs.5.78, hitting the UC of the day. Its 52-week high and low stands at Rs.8.37 and Rs.2.10 respectively.
The stock price reacted positively to the receipt of three new orders.
The company announced yesterday after market hours that it got three orders from South Eastern Coalfields.
The three orders are worth Rs.173 crore, Rs.216 crore and Rs.211 crore – totaling Rs.600 crore.
These orders for the South Eastern Coalfields are for planning design, engineering, construction, fabrication, erection, supply, installation, testing, trial run and commissioning of RCC Silos with rapid loading system among others.