McNally Bharat Engineering Company

What McNally Bharat Engineering Company does

McNally Bharat Engineering Company Limited (MBE) is an India-based turnkey Engineering, Procurement, and Construction (EPC) contractor founded in 1961 and headquartered in Kolkata. The company serves large industrial clients across power generation, steel, cement, mining, ports, aluminium, and infrastructure sectors, delivering more than 350 plants on a turnkey basis over its operating history. Marquee clientele is dominated by Indian public sector undertakings and large private industrial groups, including NTPC, BHEL, SAIL, Coal India, NMDC, NALCO, Vedanta, ACC, DVC, CESC, Neyveli Lignite Corporation, and Paradip Port Trust.

MBE's technology stack combines indigenous engineering with proprietary and licensed technology acquired through global partnerships and acquisitions. Core capabilities include Balance of Plant (BOP) systems for thermal power stations (over 2,000 MW delivered), coal handling plants from 500 to 20,000 TPH, ash and pneumatic handling systems built on EWB Hungary technology acquired in 2002, mineral processing and beneficiation plants, port and shipyard cranes licensed from Konecranes (Finland), cement plant construction under a KHD Humboldt Wedag (Germany) collaboration, aluminium smelter infrastructure via GEA Messo (Switzerland) and Rio Tinto Alcan (France), and mining equipment under Poltegor Engineering (Poland) technology. In-house manufacturing capacity includes over 250,000 MT per year of structural steel fabrication and over 500,000 cubic metres per year of concrete work, supported by more than 1,500 in-house engineers and approximately 1,000 site-based construction engineers. Project management is executed on Oracle ERP integrated with Primavera scheduling software.

MBE generates revenue primarily through project-based EPC contracts awarded via competitive bidding, with multi-year execution cycles and one-time license-style recognition on completion. Secondary revenue streams include operations and maintenance services for installed material handling systems and specialized equipment manufacturing. The company operates internationally through wholly-owned subsidiaries in Hungary (MBE EWB kft), Singapore (MBE Mineral Technologies Pte Ltd), and Zambia (MBE Minerals Zambia Ltd), with project execution extending into Indonesia, South Korea, and Oman. FY26 (year ended March 2026) annual sales of Rs 73.51 crore (approximately $8.8 million USD) declined approximately 30% year-on-year. Q4FY26 standalone net loss of Rs 69.13 crore persisted, while full-year FY26 reported net profit of Rs 3,449.55 crore was driven primarily by exceptional items. A CEO transition in July 2026 and the trading window closure for Q1FY27 results are consistent with ongoing operational stress.

Name

McNally Bharat Engineering Company

Legal name

McNally Bharat Engineering Company Limited

Website

https://mcnallybharat.com

Company type

Public

Founded year

1961

Operating status

Operating

Headcount range

501–1,000 employees

Short description

McNally Bharat Engineering Company Limited is an Indian turnkey EPC contractor, founded in 1961 and headquartered in Kolkata, delivering engineering, procurement, and construction services across power, steel, cement, mining, ports, aluminium, and infrastructure sectors for PSU and private industrial clients.

Ownership category

akta.pro rank

Product category

Industrial Engineering, Procurement and Construction (EPC) Services

NAICS

Mining and Oil and Gas Field Machinery Manufacturing (33313), Agriculture, Construction, and Mining Machinery Manufacturing (3331), Industrial Machinery Manufacturing (33324)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530), Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro primary industry

Mineral Processing Plant Design & EPCM (Flowsheet Development, Piloting & Scale-up) (IMAKALAK)

akta.pro secondary industries

Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout) (IMAKAOAE), Mine Infrastructure & Utilities EPC (Power, Water, Comms, Camps, Roads, Airstrips) (IMAKAOAB), Aluminum Project Development, Engineering & EPC (Smelters/Refineries) (IMAKACAO), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ), Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)

Keywords

• Industrial EPC contractor
• Turnkey engineering projects
• Coal handling plants
• Balance of plant systems
• Mineral processing plants

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. EPC Project Revenue: Primary revenue from engineering, procurement, and construction contracts for power, steel, cement, mining, ports, and infrastructure projects. Revenue is project-based, one-time in nature with long project cycles. For FY26, annual sales were Rs 73.51 crore with net profit of Rs 3449.55 crore (including exceptional items). Q4FY26 consolidated net loss of Rs 69.13 crore with sales of Rs 15.23 crore.
2. Operations & Maintenance Services: O&M services for complete material handling and ash handling systems at thermal power stations, conveyor systems for mining, and heavy stockyard machinery. Provides spare parts supply and customer service support.
3. Equipment Manufacturing & Supply: Manufacturing of specialized equipment including ash handling systems, coal handling equipment, port cranes, stacker reclaimers, wagon tipplers, and mineral processing equipment for supply to projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

McNally Bharat Engineering Company Limited is an Indian EPC contractor delivering turnkey engineering, procurement, construction, and commissioning services for industrial plants across power, steel, cement, mining, ports, aluminium, and infrastructure sectors. The company also manufactures specialized equipment such as ash handling systems, coal handling equipment, port cranes, stacker reclaimers, and mineral processing equipment, and provides post-commissioning operations and maintenance services.

Product overview

McNally Bharat Engineering Company Limited (MBE) is a diversified EPC (Engineering, Procurement, and Construction) company providing turnkey solutions across power, cement, steel, mining, ports, aluminium, mineral processing, and infrastructure sectors. The company operates through four main divisions: Power Projects Division (providing BOP, coal handling, ash handling, water treatment, substations, and solar solutions), Cement/Steel/Mining & Ports Division (providing cement plant, steel plant, coal washery, and port equipment solutions), Process Projects Division (providing non-ferrous mineral Beneficiation, aluminium smelter, and oil & gas solutions), and Infrastructure Projects Division (providing industrial/building construction, public health engineering, and transportation solutions). The company also provides supporting services including project management (Oracle ERP + Primavera), design & engineering (with Center of Excellence for 3D modeling), supply chain management, and construction infrastructure. With over 1500 engineers and having constructed 350+ plants on turnkey basis, MBE is one of India's leading engineering companies established in 1961.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Projects Division (Balance of Plant) Turnkey engineering, procurement, and construction of Balance of Plant systems for thermal power stations, covering coal handling, ash handling, water management, electrical and automation, civil and structural works, with over 2,000 MW of BOP capacity delivered. Target customers are power utilities and thermal power station operators.
• Cement, Steel, Mining & Ports Division (CSMP) Turnkey EPC solutions for cement plants, steel plants, coal and mineral processing facilities, and port handling equipment, including stacker reclaimers, wagon tipplers, and shipyard cranes for industrial enterprises.
• Process Projects Division Turnkey EPC solutions for non-ferrous mineral Beneficiation plants (copper, lead-zinc, uranium, iron ore, fluorspar), aluminium smelters, and oil & gas refinery projects for non-ferrous metals and petrochemical customers.
• Infrastructure Projects Industrial and building construction EPC, public health engineering (water treatment, sewage), and transportation infrastructure (roads, bridges, metro stations) for government and industrial clients; supported by 250,000 MT/year structural steel and 500,000 cum/year concreting capacity.
• Solar PV EPC Projects Solar PV project EPC services including feasibility analysis, design, engineering, execution, and key equipment supply. A 100 MW project was awarded by APGENCO.
• EHV Substations EHV substation solutions up to 765 kV (AIS and GIS), covering design, engineering, supply, erection, testing, commissioning, and maintenance for power utilities and industrial customers.
• Flue Gas Desulfurization (FGD) Systems Flue gas desulfurization systems for thermal power stations, including limestone milling, conveying, and gypsum handling, with in-house manufactured equipment such as crushers and mills.
• Water Treatment & Distribution Water treatment solutions including pre-treatment, filtration, demineralization, waste water treatment, sea water desalination, and water transmission/distribution systems for industrial and municipal customers.
• Operations & Maintenance Services Operations and maintenance services for material handling, ash/pneumatic handling systems, conveyor systems, and stockyard machinery at thermal power stations, mining operations, and ports; includes spare parts supply and customer service support.
• Port & Mining Equipment Manufacturing Manufacturing of port cranes, shipyard gantry cranes, grab unloaders, stacker reclaimers, wagon tipplers, paddle feeders, bucket wheel excavators, and spreaders, manufactured under license from Konecranes (Finland) and Poltegor (Poland) for ports, shipyards, and mining customers.
• Project Management Services End-to-end project management using Oracle ERP integrated with Primavera scheduling, covering engineering, procurement, construction, quality assurance, and operations & maintenance for industrial clients.
• Design & Engineering Services In-house design and engineering services across process, mechanical, electrical, instrumentation, civil, and structural disciplines, supported by a Center of Excellence with 3D modeling and design automation.
• Supply Chain Management Services Centralized procurement and supply chain management services, supported by over 50 purchase managers, vendor relations engineers, and quality control engineers for timely procurement of materials and equipment on projects.
• Aluminium Industry Solutions Aluminium industry solutions including evaporation systems (with GEA Messo Switzerland), red mud thickening, green anode plants, carbon recycling, bath processing, anode baking furnaces, and gas treatment centers for aluminium smelters such as NALCO, Vedanta, Hindalco, and BALCO.
• Turnkey Cement Plant Construction Turnkey cement plant construction delivered with technology partner KHD Humboldt Wedag Germany, including examples such as the 9000 TPD Jamul plant for ACC Limited. MBE is the first and only Indian EPC company to build a cement plant on turnkey basis.
• Coal Washeries and Coal & Mining Solutions Coal washeries, coal handling plants with rapid loading systems, and iron ore Beneficiation and pelletization, using technology from KHD Humboldt Wedag Germany; MBE built the first six major coal washeries in India.
• Steel Plant Solutions EPC solutions for steel plants including sintering plants, by-product recovery plants, raw material handling, coal handling, and inter-plant transportation, delivered with technology partners from Russia, Germany (DMT), and France (Siemens Vai / Primentals).
• Oil & Gas and Fertilizers Solutions Offsite piping, civil and structural work, and petcoke handling systems for refineries and petrochemical plants in the oil & gas and fertilizer sectors.

Quantifiable outcome

• Over 350 plants constructed on turnkey basis
• +3 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core.

• EWB Hungary (Eroterv Wagner Biro)coreTechnology or Integration · 1 January 2002Acquired 100% shares of EWB Hungary, a global leader in ash and pneumatic handling systems. This acquisition made MBE a global player in ash handling technology and provided expertise in engineering and turnkey execution of all types of ash handling and ash management systems.
• Konecranes VLC Corporation, Finland (now Konecranes PLC)coreTechnology or Integration · 1 January 2002Comprehensive license agreement for manufacturing port and shipyard cranes in India. Supplied goliath cranes, level luffing cranes, and other port handling equipment under this partnership.
• KHD Humboldt Wedag, GermanycoreTechnology or IntegrationStrategic tie-up with KHD Humboldt Wedag for process technology and critical equipment for cement plants. Through subsidiary MBE Mineral Technologies Pte Ltd, Singapore, acquired MBE Coal & Mineral Technologies (I) Pvt Ltd., the Indian arm of the Coal & Mineral Technology division of KHD Humboldt Wedag.
• Poltegor Engineering Ltd, PolandcoreTechnology or IntegrationTechnical collaboration for manufacturing of surface mining equipment, stockyard equipment, bucket wheel excavators, and spreaders. Supplied technology for high-capacity shiftable conveyors.
• Famak, PolandcoreTechnology or IntegrationTechnical collaboration for wagon tipplers and paddle feeders. Developed rotaside wagon tippler along with side arm charger in 2008 and supplied to various clients as per RDSO norms.
• GEA Messo AG, SwitzerlandcoreTechnology or IntegrationAssociation with GEA Messo for evaporation systems for concentration of aluminate liquor in alumina refineries. 'Falling film Technology' used for low steam consumption and minimal scaling.
• Rio Tinto Alcan, FrancecoreTechnology or IntegrationAssociation for hyper dense phase systems (HDPS) for pot feeding at aluminum smelter plants. Automated continuous feeding process for maximizing pot performance.
• TPE, Russia / UKR Gipromez, UkrainecoreTechnology or IntegrationTechnology partnerships for steel sector projects including sintering plants and other steel manufacturing facilities.
• DMT, GermanycoreTechnology or IntegrationTechnology partnership for by-product recovery plants in steel sector. Set up 50,000 m3/hr Coke Oven Gas Cleaning Chemical By-Product Plant in collaboration with DMT.
• Siemens Vai (now Primentals), FrancecoreTechnology or IntegrationTechnology partnership for steel sector projects.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• BGR Energy Systems Limited: India-focused EPC contractor in power generation, electrical and instrumentation, and balance-of-plant — a close direct peer to MBE's power BOP and coal handling plant offerings for thermal and combined-cycle projects.
• KEC International Limited: Indian EPC major in power transmission & distribution, substations, and cables. Overlaps with MBE's substation and electrical systems work and competes for the same PSU utility customers.
• Walchandnagar Industries Limited: Indian heavy-engineering and EPC company with capabilities in cement plants, sugar plants, boilers, and bulk material handling. Competes with MBE in cement EPC and material handling systems.
• Tata Projects Limited: Indian turnkey EPC player in power, steel, cement, water, and infrastructure. Competes with MBE on industrial and infrastructure turnkey contracts and shares a similar PSU and large-enterprise customer profile.
• Bharat Heavy Electricals Limited (BHEL): India's largest power-equipment and EPC company, directly competing with MBE in thermal power BOP, coal and ash handling, and balance-of-plant works for NTPC and state utilities. Both are listed PSU-era EPC contractors serving overlapping PSU clients.

Broad incumbents

• ABB India Limited: Subsidiary of global ABB with broad industrial automation, electrification, and substation portfolio in India. Competes with MBE's substation, switchgear, and BOP electrical scope in power and industrial projects.
• Larsen & Toubro (L&T) Construction: India's largest diversified EPC contractor with overlapping capabilities in power, minerals & metals, hydrocarbons, and infrastructure. Competes head-to-head with MBE on large turnkey cement, mining, and power projects and dwarfs MBE in scale and balance sheet.

Emerging players

• Praj Industries Limited: Indian process-engineering and EPC specialist in ethanol, brewery, and water/wastewater plants. Adjacent peer for MBE's process and water treatment capabilities, with similar project-based EPC economics.
• Thermax Limited: Indian industrial EPC and process equipment company with capabilities in boilers, power generation, and waste heat recovery. Comparable to MBE on industrial BOP and process project execution for similar enterprise customers.
• VA Tech Wabag Limited: Indian-listed water and wastewater treatment EPC company. Directly comparable to MBE's water treatment, desalination, and public health engineering offerings within its Infrastructure and Power divisions.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mcnally-bharat-engineering-company-limited

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about McNally Bharat Engineering Company