Mcnally recommends allotment of 14,53,000 convertible warrants

Mumbai, July 4 (UNI) McNally Bharat Engineering Company Ltd today said that its Board of Directors has recommended allotment of 14,53,000 convertible warrants of Rs 143 each to its promoters, associates and key management against payment of 10 per cent of the total cost.

The Allotment of Committee of the board announced this in the meeting on June 30, 2006.

The company has also bagged Rs 177 crore contract of lignite and limestone handling system for Barsingsar Thermal Power Project, Rajasthan and Rs 38.3 crore order from Neyveli Lignite for an ash handling plant, earlier this month.

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