This paper is devoted to the study of the hydrodynamic stage of a two-component dense fluid. Starting from the BBGKY hierarchy obtained earlier, we first derive the expressions for the generalized fluxes. We proceed to set up the generalized kinetic equations, using Bogoliubov's functional assumption. Then we solve these equations by means of a Chapman-Enskog method. The generalized expressions for the transport coefficients are thus obtained. All our results are independent of the existence of density expansions of the relevant quantities.