McNally arm bags Russia order.

McNally Bharat Engineering Co Ltd. has entered Russia for the first time through a subsidiary. It said recently that MBE Coal & Minerals Technologies GMBH, a 100 per cent step-down subsidiary of the company, has received an order from the Eurochem Group of Russia.

The order relates to a flotation equipment package worth euro 5.95 million (about Rs. 50 crore) for an iron ore mining project. The McNally arm has to install the package within next 24 months.

HBL