The share price of Mcnally Bharat Engineering hiked around 5% intraday Wednesday as the company received a huge work order around INR 108 crore from NLC India. The company has received an order from NLC India for the construction of 544 colony houses & community hall containing internal electrification at Khinda, Odisha worth INR 107,97,35,730.

The work contract includes construction equipment, providing necessary labour, tools & plants, supply and delivery to site, temporary works, construction, electrical lighting works, etc. for the completion of work as per the tender specifications. The completion period is around 24 months of entire work from the date of handing the site.

At 4:00 PM on September 5, 2018, the share price was quoting INR 40.40 up INR 1.90 or 4.94%.