Hindustan Dorr Oliver bags order worth Rs 24 crore
Hindustan Dorr Oliver Ltd., a leading total engineering solution provider, has picked an order worth Rs 24 crore from HPCL-Mittal Energy Ltd.
The scope of work includes detailed engineering, shop & site fabrication, transportations and supply of Process Pressure Vessels weighing from 50 MT to 250 MT each.
The project is schedule to complete within a period of 12-14 months.
Recently, Hindustan Dorr Oliver has bagged another order worth Rs 441 crore from Uranium Corporation of India (UCIL) for their greenfield ore mining and processing facility of capacity 3,000 metric tons per day (MTPD) coming up at Tumalapalle in Andhra Pradesh.
IL&FS Investsmart, a premier financial service organization has maintained ‘Buy’ rating Hindustan Dorr-Oliver, with a 15-month price target of Rs 55, providing an upside of 104% from current level of Rs 32.