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Hindustan Dorr-Oliver jumps on bagging order worth Rs 170 crore from OPAL

01 Dec 2011 Evaluate

Hindustan Dorr-Oliver is currently trading at Rs. 24.95, up by 1.10 points or 4.61% from its previous closing of Rs. 23.85 on the BSE.

The scrip opened at Rs. 26.00 and has touched a high and low of Rs. 27.00 and Rs. 24.65 respectively. So far 17,821 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 132.50 on 02-Dec-2010 and a 52 week low of Rs. 23.10 on 30-Nov-2011.

Last one week high and low of the scrip stood at Rs. 27.00 and Rs. 23.10 respectively. The current market cap of the company is Rs. 179.00 crore.

The promoters holding in the company stood at 55.28% while Institutions and Non-Institutions held 18.74% and 25.98% respectively.

Hindustan Dorr-Oliver has bagged a prestigious order of the value of Rs 170 crore from ONGC Petro Additions (OPAL) for entire effluent collection and treatment system (ECTS) package for its grass root mega petrochemical project in the PCPIR / SEZ zone at Dahej. The project is to be completed in 24 months. ECTS package includes various technology packages from leading global suppliers for treatment of petrochemical waste.

Earlier the company had received an order for waste heat recovery system from ACC valued at Rs 68 crore to be completed by December 2012. The company had also received an order for iron ore beneficiation plant from NMDC valued at Rs 128 crore to be completed by November 2012. Further, the company also bagged an order for heavy water upgradation facility for NPCIL valued at Rs 45 crores to be completed by November 2014.

With the new orders the company will have approximately 2000 MT of equipment to be manufactured in its own factory at Ahmedabad.

The company will also be utilizing approximately 1,20,000 man-hours of design, engineering from its own centres in Ahmedabad, Bangalore, Chennai and Mumbai.

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