Poised For Growth

Mcnally Bharat Engineering (MBE) is an engineering company that provides turnkey solutions to core industries like power, steel, and aluminium. It is part of Kolkata’s Williamson Magor Group. The company has 49 years of experience in setting up plants on turnkey basis across India. The company’s business is divided among three broad divisions: products division, engineering turnkey business, and infrastructure business. After restructuring, the product business is conducted through Mcnally Sayaji Engineering (MSE) in which MBE holds 87 per cent stake. This 60-year old company manufactures heavy equipment required in core industries. The engineering turnkey business can be divided project-wise into steel, mining, ports, power plants, material handling and non-ferrous metals. This division is the major contributor to the company’s overall revenue. Currently a large proportion of this division’s revenue comes from material handling and non-ferrous metals projects, but in future power projects are likely to gain prominence, given the pace of orders flows from this sector. The infrastructure business is managed by two of its subsidiaries: Mcnally Bharat Infrastructure and Mcnally Bharat Equipment. They undertake projects in the civilian infrastructure space. Last year Mcnally Bharat Infrastructure acquired a 100 per cent state in Buildmet Ltd, which specialises in construction tec

This article was originally published on May 27, 2011.