KOLKATA: McNally Bharat Engineering Company Limited (MBE) is targeting a sales turnover of Rs 5,000-7,000 crore by 2015.
At the AGM held on Monday, the board of directors recommended a dividend of 12.5 per cent for the year 2008-09. The total income increased by 81 per cent, EBIDTA by 99 per cent, PBT by 59 per cent and EPS by 36 per cent.
The turnover of the company as on March 31, 2009 was Rs 1,139 crore (Rs 550 crore) with EBIDTA of Rs 128 crore (Rs 43 crore).
To achieve the growth plans, 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 centre of engineering excellence and manufacturing facilities for oil & gas equipment and nuclear power equipment.