industan Dorr Oliver to setup a Plant in Trichy
n an interview with CNBC-TV18, SC Sekaran, executive director of Hindustan Dorr Oliver said that the company is expecting to secure orders worth Rs 500-600 crore in March and is confident of closing the year with at least Rs 1,400-1,500 crore of order book.
The company plans to tab the minerals and metals sector in the future and sees it as one of the potential areas for growth.
Below is the verbatim transcript of Sekaran's interview with Gautam Broker and Latha Venkatesh of CNBC-TV18.
You said you are thinking about another workshop and is there a possible strategic partner for that. In a separate conversation IVRCL management had even spoken about a possible QIP of about Rs 250 crore for Hindustan Dorr-Oliver?
A: We have taken enabling resolution which has been in place for USD 50 million for QIP, especially, for the second workshop. We are pursuing that and that will also happen.
We have already located some of the sites at Dahej in Gujarat, we have identified about 28 acres of land. In Tamil Nadu we have identified two locations; one in Tiruchirapalli where BHEL is situated and the other is in Chennai, and we are looking at a third location in Pune. Once the location is finalised we will be able to start immediately and go ahead with the process.
The company plans to tab the minerals and metals sector in the future and sees it as one of the potential areas for growth.
Below is the verbatim transcript of Sekaran's interview with Gautam Broker and Latha Venkatesh of CNBC-TV18.
You said you are thinking about another workshop and is there a possible strategic partner for that. In a separate conversation IVRCL management had even spoken about a possible QIP of about Rs 250 crore for Hindustan Dorr-Oliver?
A: We have taken enabling resolution which has been in place for USD 50 million for QIP, especially, for the second workshop. We are pursuing that and that will also happen.
We have already located some of the sites at Dahej in Gujarat, we have identified about 28 acres of land. In Tamil Nadu we have identified two locations; one in Tiruchirapalli where BHEL is situated and the other is in Chennai, and we are looking at a third location in Pune. Once the location is finalised we will be able to start immediately and go ahead with the process.
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