The Indian Hume Pipe Company Ltd bags orders aggregating to Rs. 258.19 crores

The Indian Hume Pipe Company Ltd has received Letters of Acceptance for two project orders aggregating to Rs.258.19 crores excluding GST from Madhya Pradesh Jal Nigam Maryadit for the works of:

- Sanjay Sagar (Naharayi) Multi Village Scheme, District Bhopal & Vidisha in Single Package on Turn-Key job basis including Trail Run and Operation & Maintenance of the Entire Water Supply Scheme for 10 years of Rs. 177.39 crores excluding GST. The project is to be completed within 28 months.

- Kerwa Multi Village Scheme, District Bhopal in Single Package on Turn-Key job basis including Trail Run and Operation & Maintenance of the Entire Water Supply Scheme for 10 years of Rs. 80.80 crores excluding GST. The project is to be completed within 24 months.

The Agreements will be signed in due course.

Shares of Indian Hume Pipe Company Limited was last trading in BSE at Rs. 150.20 as compared to the previous close of Rs. 148.55. The total number of shares traded during the day was 1833 in over 82 trades.

The stock hit an intraday high of Rs. 151.75 and intraday low of 149.00. The net turnover during the day was Rs. 275209.00.

Source : Equity Bulls

Keywords

IndianHumePipeCompany INE323C01030 OrderWin LOA TwoProjects