India's McNally Eyes Mongolia, South Africa, Indonesia For New Plants - Report

Jun 02, 2010 (DOW JONES NEWSWIRES ) -- McNally Bharat Engineering Co. (532629.BY) is looking to set up plants in new global markets such as Mongolia, South Africa and Indonesia, and is being advised by consultants KPMG on its expansion, DNA Money reported on its website Thursday, citing the company's managing director, Srinivash Singh.

"In South Africa, we have a subsidiary company and we plan to expand there. We are also planning to get into copper beneficiation with Konkola Copper Mines of the Vedanta Group. Indonesia is also where we want to set up coal washeries. We are also taking up power projects in Indonesia and Bangladesh," the website quoted him as saying.