The Indian Hume Pipe Company Ltd JV wins order worth Rs. 1137.77 crores

The Joint Venture (JV) formed between the AMR India Limited ("AMRIL"), Shoda Constructions Private Limited ("SCPL") and The Indian Hume Pipe Co. Ltd. ("IHP") has been awarded the work order relating to "Water Supply Projects & Sewerage Projects under AMRUT 2.0" by Government of Telangana. The value of the Work Order awarded is Rs.1137.77 Crores (excluding GST) and the share of works to be executed by IHP is 20% i.e. Rs.227.55 Crores (excluding GST). The letter of Acceptance has been received today.

Shares of Indian Hume Pipe Company Limited was last trading in BSE at Rs. 236.65 as compared to the previous close of Rs. 257.05. The total number of shares traded during the day was 16043 in over 839 trades.

The stock hit an intraday high of Rs. 259.75 and intraday low of 234.10. The net turnover during the day was Rs. 3907826.00.

Source : Equity Bulls

Keywords

TheIndianHumePipeCompany INE323C01030 JV OrderWin