Mumbai-based engineering company Hindustan Dorr-Oliver (HDO) will have its second plant up and running in 2010-11.
Mumbai-based engineering company Hindustan Dorr-Oliver (HDO) will have its second plant up and running in 2010-11, said SC Sekaran, executive director.
Sekaran said, “We will manufacture heat exchangers and pressure vessels, among other things, at the plant, which will have a capacity of 6,000 tonnes per annum (tpa).”
The firm will decide on the venue for the same by June, he added. The company has currently shortlisted sites Tamil Nadu — Chennai, Trichy and Coimbatore — for the Rs 60 crore plant.
HDO had recently upped the capacity at its only existing plant in Ahmedabad from 4,000 tpa to 6,500 tpa at a cost of Rs 25-30 crore.
HDO is an engineering, procurement & construction company (EPC) 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 hopes to end the current fiscal with a top line of Rs 450-475 crore, out of which manufacturing will contribute Rs 71 crore.
“This year, we see manufacturing and the knowledge process outsourcing business contributing about 15% to our revenues. Next fiscal, we see it going up to 25%,” said Sekaran.
The minerals & metals business currently contributes 50% to HDO’s revenues, followed by water management & waste water treatment at 15%.
HDO currently has an order book of over Rs 1,000 crore and is the lowest bidder for projects worth Rs 450 crore.
On HDO Technologies, the company’s wholly-owned KPO subsidiary, Sekaran said, “We are in the advanced stage of talks for a joint venture with a Saudi Arabian firm in the oil and gas space.”
He added the deal would be concluded in a month. HDO Technologies is involved in preparing detailed engineering blueprints for industrial products and processes for global clients.
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