The Indian Hume Pipe Company Ltd receives LoI for order worth Rs. 495.04 crores

The Indian Hume Pipe Company Limited has received Letter of Intent of the value of Rs.495.04 Crores (excluding Royalty, Insurance, GST, Land acquisition and crop compensation) from Tapi Irrigation Development Corporation Jalgaon (Jalgaon Irrigation Project Circle), Maharashtra for Engineering, Procurement and Construction (EPC) of Civil, Mechanical and Electrical works for Pressurised Piped Distribution Network of Varkhede Londhe Irrigation Project including Operation and Maintenance of entire system for five years. The project is to be completed within period of 24 months.

Shares of Indian Hume Pipe Company Limited was last trading in BSE at Rs. 260.30 as compared to the previous close of Rs. 234.80. The total number of shares traded during the day was 33591 in over 2286 trades.

The stock hit an intraday high of Rs. 271.00 and intraday low of 235.35. The net turnover during the day was Rs. 8740425.00.

Source : Equity Bulls

Keywords

IndianHumePipeCompany INE323C01030 OrderWin LOI