- Business
- McNally Bharat Engineering Company Limited (MBECL.NS) provides turnkey engineering, procurement, and construction (EPC) solutions for industrial plants and infrastructure projects across multiple sectors; core offerings include power plants and substations, steel and aluminium processing facilities, material handling systems such as coal handling and port cranes, mineral beneficiation and coal washing plants, pyroprocessing equipment, pneumatic handling of powdered materials including fly ash systems, cement plants, oil and gas infrastructure, and civic and industrial water supply systems encompassing transmission pipelines, reservoirs, and treatment plants like RO/DM/EDI; the company also supplies key equipment for solar PV plants, structures for fixed tilt and tracking systems, flue gas desulphurisation systems, and EHV substations with design, engineering, erection, testing, commissioning, and maintenance services. Founded in 1961 and headquartered in Kolkata, India, MBE operates primarily in India with subsidiaries including McNally Bharat Equipments Limited, MBE Mineral Technologies Pte Limited in Singapore, and MBE Minerals Zambia Limited, targeting clients in power, mining, steel, cement, and infrastructure industries. In recent developments, the company underwent a corporate insolvency resolution process initiated in 2022, culminating in the National Company Law Tribunal's approval in December 2023 of a Rs441 crore resolution plan by BTL EPC, the construction arm of Kolkata-based Shrachi Group, which deposited the initial Rs65 crore tranche by December 2024 as part of the Rs155 crore cash component, positioning BTL EPC to hold 90% stake upon full implementation; MBE has since secured new orders including a Rs311.68 crore coal evacuation system contract in joint venture with Trolex India and Kilburn Engineering from Mahanadi Coalfields in 2024, and a Rs278 crore coal handling plant order in JV with Amit Metaliks from the same client.