IVRCL to buy 70% Hind Dorr-Oliver stake

 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.