The submission by the McNally Bharat Engineering Company before the Bombay Stock Exchange (BSE) that it has bagged two orders worth Rs 56.64 crore from Hindalco for its Aditya Aluminium smelter projects had a positive impact on its share prices on the bourses.

Shares of the company surged 1.11% to Rs 236.95 at 11:16 IST on BSE bringing cheer for the company and the shareholders. Shares touched an intraday high of Rs 240 and a low of Rs 235.30 during the day and finally settled at Rs 236.95.

The company, having equity capital is Rs 31.09 crore, retains Rs 10 as face value of share. It is famous for providing turnkey solutions in the areas of power, coal washing, ash handling and disposal, port cranes, steel, alumina, material handling, and industrial water supply.

The company posted a stunning performance in the third quarter ended December 31, 2009. Firm's net profit soared 95% to Rs 7.39 crore led by 59.1 per cent rise in sale to Rs 332.50 crore.

The company will provide design, engineering, supply of equipment, erection testing & commissioning and structural solution at the site under the new orders.