To attain this goal, the company has enlarged its production base in all its four existing manufacturing units at Kumardhubi, Asansol, Bangalore and Baroda. The Baroda Unit has recently acquired 40 acres of land in order to double the existing capacity of the unit and also to set up a center of engineering excellence and manufacturing facilities for oil & gas equipment and nuclear power equipment.

Says Srinivash Singh, Managing Director, Mcnally Bharat Engineering (MBE) "Currently we have a healthy order book position of Rs 3000 crore. The company expects to have a turnover of Rs 1750 to Rs 1800 cores for the group, by the year end 2009-10. With the expected growth, the company has already put a plan in operation to enhance its Research & Development activities besides placing in position highly skilled man power."

The company has recently completed the process of acquisition of the Coal and Mineral Technology Division of KHD Humboldt Wedag, Germany through its subsidiary company, MBE Holdings Pte Ltd, Singapore. The new acquisition has got four subsidiary companies which includes MBE Coal & Mineral Technology GmbH, Cologne, MBE Minerals SA (Pty) Limited, South Africa, McNally Humboldt Wedag India Pvt Ltd, MBE Cologne Engineering GmbH.

At the AGM, the Board of Directors recommended a dividend of 12.5% for the year 2008-09. The total income increased by 81%, the EBIDTA by 99%, PBT by 59% and EPS by 36%. The turnover of the company as on 31st March 2009 was Rs 1,139 crore compared to that of Rs 550 crore in 2008 with EBIDTA of Rs 128 crore compared to that of Rs 43 crore in the previous year.