The company made this announcement during trading hours today, 7 December 2011.
Meanwhile, the BSE Sensex was up 115.52 points, or 0.69% to 16,920.85.
On BSE, 98,000 shares were traded in the counter as against average daily volume of 10,180 shares in the past one quarter.
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The stock hit a high of Rs 106.70 and a low of Rs 98.60 so far during the day. The stock had hit a 52-week low of Rs 94 on 24 November 2011.
The stock had hit a 52-week high of Rs 248.80 on 28 February 2011.
The small-cap stock had underperformed the market over the past one month till 5 December 2011, falling 17.02% compared with Sensex's 4.31% decline. The scrip had also underperformed the market over the past one quarter, declining 23.64% as against Sensex's 0.55% rise.
The company has an equity capital of Rs 31.09 crore. Face value per share is Rs 10.
McNally Bharat Engineering Company said the first order worth Rs 22.70 crore exclusive of taxes and duties involves design, engineering, manufacture, supply, erection, testing and commissioning of coal handling package for construction of 250 megawatts (MW) extension unit at Durgapur Projects power station of Durgapur Projects.
The second order worth Rs 120.93 crore is from Madhucon Projects for carrying out the works design chainage of two to four laning of Ranchi - Jamshedpur Section of National Highway (NH) -33 project, McNally Bharat Engineering Company said.
McNally Bharat Engineering Company's net profit rose 11% to Rs 10.72 crore on 24% rise in net sales to Rs 498.05 crore in Q2 September 2011 over Q2 September 2010.
McNally Bharat Engineering Company is one of the leading engineering companies in India engaged in providing turnkey solutions in the areas of power, steel, aluminium, material handling, mineral beneficiation, pyroprocessing, pneumatic handling of powdered materials including fly ash handling and high concentrate disposal, coal washing, port cranes, civic and industrial water supply.
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