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McNally Bharat wins order from Bhushan Power

The order from Bhushan Power & Steel, Rengali, Sambalpur, Orissa is at a price of Rs150 crore

McNally Bharat Engineering has received an order from Bhushan Power & Steel for supply of equipment (shop manufactured mechanical items) and technological structures, detail design, engineering (mechanical), erection and construction of civil, structural and mechanical work of the recovery coke oven plant and by product plant of Bhushan Power & Steel, Rengali, Sambalpur, Orissa at a price of Rs150 crore.

In the late afternoon, McNally Bharat Engineering was trading at around Rs97.60 per share on the Bombay Stock Exchange, 0.62% up from the previous close.

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BT renews contract with Subex

The framework contract specifically covers the on-going provision by Subex of mission critical revenue operations centre portfolio software solutions, application/operations support, and managed services

Subex Ltd, a global provider of business support systems (BSS) for CSPs (communications service providers), has been awarded a renewal of a multi-million dollar framework contract with BT.

The framework contract specifically covers the on-going provision by Subex of mission critical revenue operations centre portfolio software solutions, application/operations support and managed services. These will be delivered across BT's domestic and international interconnect billing and settlements, fraud management, revenue assurance and event integrity domains.

The primary objective of the Subex ROC is to function as the 'Mission Control for Financial Health'. The ROC enables profitable growth for service providers through coordinated operational control.

The Subex ROC collates and correlates data from various BSS functions. It monitors the entire revenue chain and identifies risks to profitability, margins and customer satisfaction. The key benefits that a service provider derives from the Subex ROC are enhanced revenue management, enterprise-wide risk management, business and operational assurance, pro-active intelligence and insight, revenue chain integrity assurance and improved customer experience.
In the late afternoon, Subex was trading at around Rs25.30 per share on the Bombay Stock Exchange, 1.61% up from the previous close.

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