**[investwise]** Hindustan Dorr Oliver-Key Player In Waste Water Treatment

 

Hindustan Dorr Oliver-Core Play Waste Water Recycling BSE 509627; CMP Rs 120   Hindustan Dorr Oliver, a 55 per cent subsidiary of IVRCL Infra, is engaged in the execution of large engineering projects on an EPC and LSTK basis. This has been reflected in a total transformation of the company between 2005 and 2010, with Revenues rising 589 per cent in the period to Rs 871 crore in FY10.   HDO is currently executing India's most prestigious Uranium Ore processing plant in Andhra Pradesh, in addition to executing waste water recycling plants at numerous Petroleum refineries across the country, and coal and mineral beneficiation units for Vedanta Aluminium Orissa and Reliance Infra-Yamuna nagar. The current order book of HDO stands at Rs 1368 crore, about 18 months order book.   In Feb-Mar 2010, HDO acquired DavyMarkham, a Sheffield UK based heavy engineering and manufacturing company, that is involved in the design, engineering, manufacturing and assembly of large equipment used in the mining, nuclear, power generation, oil and gas, tunnel boring equipment and total engineering solutions for extremely large turnkey projects from engineering design, fabrication, machining, installation and commissioning of heavy and complex components and assemblies.   Financials For the FY10 HDO reported a 67 per cent increase in Revenues to Rs 871 crore and after tax profits of Rs 55 crore (Rs 30 crore), a growth of 84 per cent. Increased focus in the areas of oil and gas, nuclear, power generation and mining markets should keep intact HDO's growth trajectory. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice.

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