Indian Hume Pipe advances on securing work order worth Rs 163.50 crore

31 Jul 2017

Indian Hume Pipe Company is currently trading at Rs. 560.00, up by 11.75 points or 2.14% from its previous closing of Rs. 548.25 on the BSE.

The scrip opened at Rs. 556.00 and has touched a high and low of Rs. 570.00 and Rs. 556.00 respectively. So far 1,657 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 570.00 on 31-Jul-2017 and a 52 week low of Rs. 253.18 on 02-Aug-2016.

Last one week high and low of the scrip stood at Rs. 570.00 and Rs. 525.25 respectively. The current market cap of the company is Rs. 2,713.00 crore.

The promoters holding in the company stood at 69.92%, while Institutions and Non-Institutions held 5.63% and 24.45% respectively.

Indian Hume Pipe Company has secured a work order of Rs 163.50 crore from Raipur Municipal Corporation, Chhattisgarh for the work of augmentation of water supply scheme of Raipur under Amrut Mission on turnkey basis including Operation & Maintenance for 5 years. The work is to be completed within 30 months.

Recently, the company had secured work order of Rs 260.75 crore from Public Health Engineering Department, Ajmer, Rajasthan, for Cluster Scheme of 213 Villages of Jahazpur and Kotri Tehsils along with augmentation of Urban Water Supply Scheme of Jahazpur Town under Chambal-Bhilwara Water Supply Project Phase-II with Operation and maintenance for 10 years.

Indian Hume Pipe Company is engaged in the construction and maintenance of projects relating to water supply, irrigation, sanitation and sewerage systems, and pipe manufacturing.

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