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GMM Pfaudler gains 4% on acquisition of HDO Technologies’ assets March 17, 2021 Acquisition will augment the company’s capabilities in heavy engineering The shares of GMM Pfaudler Limited gained 4 per cent in early trade on Wednesday after the company emerged as a successful bidder for the assets of HDO Technologies Limited. At 10:17 am, it was quoting ₹4,405 on the BSE, up ₹184.55 or 4.37 per cent. It hit an intraday high of ₹4,550 and an intraday low of ₹4,283.45. It opened at ₹4,283.45 as against the previous close of ₹4,220.45. On the NSE, it was trading at ₹4,402.75, u...

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 seve...

Read more about GMM Pfaudler acquires assets of HDO Technologies on Business Standard. For consideration of Rs 58.46 crore

Published on: Friday, March 12, 2021 By: Bernama Text Size: It said crude demand to be driven by transportation and healthier petrochemical product prices, and they are expected to come in stronger in the second half of 2021 with progress being made in the vaccination front. (Image: Bloomberg) Kuala Lumpur: MIDF Research has upgraded the oil and gas (O&G) sector to “positive” from “neutral” previously following the crude oil demand recovery. The research house has also revised its 2021 Brent crude target price to US$59 per barrel from US$51 per barrel previously. (US$1 = RM4.12). “F...

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