Hindustan Dorr secures Mega Order from IOCL

Hindustan Dorr Oliver Ltd has announced that the Company has bagged a prestigious order from Petroleum major-Indian Oil Corporation Ltd (IOCL). The mega order worth approximately Rs 85.00 crores is for re-cycling plant for IOCL for their Haldia Refinery which is the biggest recycling plant using Reverse Osmosis Technology in any refinery in India.

The Project is to be commissioned within 18 months. The Company which is owned by IVRCL group is total engineering solutions provider in the field of Pulp & Paper, fertilizers, Minerals Beneficiation and all kinds of Water & Waste Treatment Plants.

The stock was trading at Rs.87.25, up by Rs.4.15 or 4.99%. The stock hit an intraday high of Rs.87.25 and low of Rs.84.50. The total traded quantity was 29414 compared to 2 week average of 65579.

Source : Equity Bulls

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