Hindustan Dorr secures Rs441 cr order from UCIL

Hindustan Dorr secures Rs441 cr order from UCIL
PTI
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First Published: Wed, Feb 25 2009. 02 17 PM IST
Updated: Wed, Feb 25 2009. 02 17 PM IST
Mumbai: Engineering firm Hindustan Dorr today secured a Rs441-crore order from Uranium Corporation of India (UCIL), after which the company’s shares surged 20% on the BSE to touch its upper circuit limit.
In a filing to the Bombay Stock Exchange, the company said it has secured an order worth Rs 441 crore from UCIL for setting up a greenfield ore mining and processing facility of capacity 3,000 metric tonnes per day at Tumalapalle in Andhra Pradesh.
Post announcement the scrip of Hindustan Dorr Oliver hit its upper circuit at Rs31.85, up 19.96% on the BSE.
The company also said it has partnered with South-Africa based process engineering and project management company Bateman for sharing technology for this project.
Execution of the above project would be completed within a period of 22 months, it said.
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First Published: Wed, Feb 25 2009. 02 17 PM IST