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IVRCL to buy 70% Hind Dorr-Oliver stake

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Our Web Bureau Mumbai
 E.Sudhir Reddy, vice chairman & managing director of IVRCL, said: "The capabilities and pre-qualifications of Hindustan Dorr-Oliver in the water and environment sector make an excellent fit with the company. This will enable the company to jointly qualify and bid for large-size turnkey projects in the water & environment sector. The design and technical expertise of Dorr-Oliver, coupled with their manufacturing ability and infrastructure, adds tremendous strategic value to the company."

Hindustan Dorr-Oliver is likely to report a turnover of approximately Rs 75 crore in FY05, the release added.

 

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First Published: Apr 27 2005 | 5:20 PM IST

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