Support and Resistance Levels
Past performance
About McNally Bharat Engineering Company Ltd McNally Bharat Engineering Company Limited, headquartered in Kolkata, India, is a prominent engineering and construction firm founded in 1961. Initially a joint venture between McNally Pittsburg, USA, and Bird & Co., it specializes in turnkey projects across various sectors, including power, steel, material handling, and water supply. The company's historical achievements include building India's longest cross-country conveying system and the first indigenously designed mineral beneficiation plant.
Throughout its history, McNally Bharat has expanded its capabilities through strategic partnerships and acquisitions, such as forming a joint venture with Eriez Magnetics in 1999 and acquiring Eroterv-Waagner-Biro in 2002. The company has undertaken significant projects in coal handling, mineral beneficiation, and real estate development. However, it faced financial challenges, leading to an insolvency resolution process initiated in 2022. As of March 2023, it retains McNally Bharat Equipments Limited and two overseas subsidiaries, MBE Mineral Technologies Pte Limited and MBE Minerals Zambia Limited.