KOLKATA: McNally BharatNSE -1.33 % Engineering, the projects execution entity of the tea-to-dry cells conglomerate Williamson Magor Group (WMG), on Thursday signed an agreement with Turkey’s Kaylon Group to take up infra projectsNSE -4.14 % jointly and help chart the revival of the six-decade-old company that began its journey as the local unit of McNally Pittsburg.
The Turkish conglomerate has interests in businesses such as power, infrastructure, railways, and solar energy.
Additionally, two European conglomerates have also shown interest in McNally Bharat, to help expand the struggling company’s mines, mineral, port and steel businesses.
