Mumbai-based engineering company Hindustan Dorr-Oliver (HDO) is looking at Dahej (in Gujarat) and Tamil Nadu for its second plant, executive director S C Sekaran said. The company plans to manufacture heat exchangers and pressure vessels, among other things, at the plant. “We plan to spend Rs 60-80 crore on the plant,” Sekaran said.
He had in March told DNA Money that the firm was considering Trichy, Coimbatore and Chennai in Tamil Nadu for the plant. “But now we are looking at Dahej too and we will decide the location for the plant by the fourth quarter,” said Sekaran. Work on the plant would begin 10-12 months after HDO zeroes in on the venue.
Sakaran said the plant would churn out volumes worth Rs 250 crore every year. He had earlier said the plant would have a capacity of 6,000 tonnes per annum. HDO’s current plant is in Ahmedabad, the capacity of which the company upped from 4,000 tpa to 6,500 tpa at a cost of about Rs 30 crore in the beginning of the year.
HDO is an engineering, procurement & construction company primarily engaged in providing engineering solutions in areas like minerals & metals, effluent treatment, paper and fertilisers. Hyderabad-based IVRCL Infrastructures & Projects holds a 53% stake in the company.
HDO’s order-book stands at Rs 1,300 crore — 40% comes from metals & minerals, 40% from water and the rest from others. The firm executed orders worth Rs 400 crore in the first two quarters.
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