Indian Hume Pipe Company surges on receiving LoAs worth Rs 234.11 crore

14 Dec 2018

Indian Hume Pipe Company is currently trading at Rs. 306.00, up by 9.85 points or 3.33 % from its previous closing of Rs. 296.15 on the BSE.

The scrip opened at Rs. 299.95 and has touched a high and low of Rs. 315.00 and Rs. 296.30 respectively. So far 4519 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 465.00 on 27-Dec-2017 and a 52 week low of Rs. 220.25 on 03-Oct-2018.

Last one week high and low of the scrip stood at Rs. 315.00 and Rs. 272.20 respectively. The current market cap of the company is Rs. 1448.33 crore.

The promoters holding in the company stood at 69.92%, while Institutions and Non-Institutions held 5.49% and 24.58% respectively.

Indian Hume Pipe Company has received two Letter of Acceptances (LoAs) aggregating to Rs 234.11 crore (excluding GST) from Madhya Pradesh Jal Nigam Maryadit, Bhopal. The company has received first LoA for the work of Kandaila Multi Village Rural Water Supply Scheme District Rewa for ultimate Capacity of Bringing 20.6 MLD treated water (23 hours of pumping) from the river Beehar to 109 villages of Rewa, Gangeo, Raipur, Karchuliyan and Sirmour Blocks of Rewa District in Single Package on Turn-key job basis at an amount of Rs 123.72 crore (excluding GST), including trail run and running & maintenance of the entire scheme for 10 years (Cost of running & maintenance shall be paid separately).

The second LoA is for the work of Gadakota Multi Village Rural Water Supply Scheme District Sagar for ultimate capacity of bringing 15.21 MLD treated water (23 hours of pumping) from Duttapura / Aapchand dam on Sonar river to 108 villages of Rehli Block of Sagar District in Single Package on Turn-key job basis at an amount of Rs 110.39 crore (excluding GST), including trail run and running & maintenance of the entire scheme for 10 years (Cost of running & maintenance shall be paid separately). The projects are to be completed within 24 months. 

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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