Hindustan Dorr Oliver (HDO), a leading engineering firm, has announced that it has bagged a prestigious order worth Rs 127 crore from Hindustan Petroleum Corporation Ltd (HPCL) for construction-related works.     

As per the order terms, the company will execute construction of plant on high-efficiency reverse osmosis technology, a filtration process that is often used for water.

The sources close to the company said that this turnkey basis project will be finalized within 13 months.

The sources further added that this project will also bring in additional qualification to the company.

Last month, the company secured an order of Rs 24 crore from National Aluminium Corporation Ltd for their Phase II expansion project at Alumina Refinery, Damanjodi, Orissa.

Stock price of Hindustan Dorr –Oliver ended the day at Rs 84, down 4.83% on National Stock Exchange (NSE). The total volume of shares traded on NSE was 97,836.