Hindustan Dorr receives Order from NALCO

Hindustan Dorr Oliver Ltd has announced that Company has been awarded the contract for 'Design, Residual Basic Engineering, Detailed Engineering, Procurement, Erection, Construction and Commissioning of HRDs & DCWs including flocculant Preparation Unit and Cauticisation Unit along with associated facilities and auxiliaries’ for Rs 770 millions as a part of National Aluminium Company Ltd's (NALCO) process of expansion of their Alumina Refinery at Damanjodi, Orissa from 1.575 million TPY to 2.1 million TPY capacity, by adding one more production line of 525 KTPY capacity. This expansion project is designated as NALCO Phase - 2 Expansion.

NALCO has appointed Engineers India Ltd, New Delhi (EIL) as their consultant and HDO will be executing the above mentioned HRD & DCW Package - II on lumpsum turnkey basis in 16 months.

The stock was trading at Rs.132, up by Rs.3.85 or 3%. The stock hit an intraday high of Rs.134.25 and low of Rs.126. The total traded quantity was 77900 compared to 2 week average of 32380.

Source : Equity Bulls

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