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GMM Pfaudler buys assets of HDO Technologies in liquidation
Ahmedabad |
Updated on
March 16, 2021 GMM Pfaudler Limited has emerged as a successful bidder to acquire HDO Technologies Ltd’s assets in liquidation process. The technology process solutions provider will acquire the assets, including land, building, plant and machinery for a consideration of ₹58.46 crore.
The acquisition will enhance capacity and augment the capabilities in heavy engineering for GMM Pfaulder.
HDO Technologies Limited s manufacturing facility is spread across 11.9 acres in Vatva, Ahmedabad. The plant has seven manufacturing bays and is equipped to manufacture a wide range of heavy engineering equipment with a crane lifting capacity of 200 tonnes, deep-hole drilling, plate rolling capabilities, strip cladding capabilities.