MUMBAI: McNally Bharat plans to consolidate its global and domestic operations.

The company is expecting a group turnover of Rs 1,750-1,800 crore by end of 2009-10 and it will take a decision on consolidation by early December.

QUICKTAKES

Plans to foray into nuclear EPC contracts with Areva
Wins order worth Rs 306 cr from Rourkela Steel Plant

Acquisitions completed

Completes acquisition of Germany-based KHD Humboldt Wedag
Acquires coal and mineral technology division of KHD Humboldt Wedag
Acquires business for $16 mn (Rs80 cr)
Pays cash worth $7.5 million through debt
KHD Humboldt has marketing presence in Europe and Canada
Expects to record revenues of $30-35 mn in 8 months of operations in FY10

4 subsidiaries in kitty

New acquisitionhas brought four subsidiary companies to the fold
MBE Coal & Mineral Technology
MBE Minerals SA
McNally Humboldt Wedag India
MBE Cologne Engineering
Coal and mineral business of KHD Humboldt acquired

Growth strategy

Expanded production base in all 4 units
Manufacturing units at Kumardhubi, Asansol, Bangalore and Baroda
Baroda unit recently acquired 40 acres in order to double capacity
Also to set up manufacturing facilities for oil and gas and nuclear power equipment

Order book status

Current order at Rs 3000 cr, up 19.4%(YoY)
Witnessed order flows of Rs 1440 cr in H1FY10
Expects robust order bid pipeline of Rs 4910 cr, to be finalised over next 2-3 quarters

Price delivery action

Price inches up 1% in last five days
Volume declines by 78% in last five days
Volume at 62000 vs 2.76 lakh
Delivery QTY edges lower by 68%

Fund raising plans

Plans to raise Rs 90 cr to fund its capex plans
Fund raising will lead to equity dilution in parent and subsidiary company
To raise Rs 43.5 cr via rights issue
Approved rights issue in the ratio of 1:10 in parent company at Rs 140 per share