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Indian Hume Pipe climbs on receiving LoI worth Rs 858.88 crore

02 Sep 2024 Evaluate

Indian Hume Pipe Company is currently trading at Rs. 573.30, up by 35.25 points or 6.55% from its previous closing of Rs. 538.05 on the BSE.

The scrip opened at Rs. 598.05 and has touched a high and low of Rs. 613.15 and Rs. 565.70 respectively. So far 146506 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 613.15 on 02-Sep-2024 and a 52 week low of Rs. 211.90 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 613.15 and Rs. 521.10 respectively. The current market cap of the company is Rs. 3024.20 crore.

The promoters holding in the company stood at 72.34%, while Institutions and Non-Institutions held 3.12% and 24.53% respectively.

Indian Hume Pipe Company has received Letter of Intent (LoI) with order value of Rs 858.88 crore (excluding Royalty, Insurance, GST, Land acquisition and crop compensation) from Tapi Irrigation Development Corporation Jalgaon (Dhule Irrigation Project Circle), Maharashtra for execution of work on Engineering, Procurement and Construction (EPC), Trial, Testing, Commissioning of Gravity Piped Distribution Network to irrigate 26907 Ha. Command area of Jamphal Dam under Sulwade Jamphal Kanoli Lift Irrigation project Taluka Shindkheda, District Dhule including Operation and Maintenance of entire system for five years. The said order is expected to be executed in 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.


India Hume Pipe Share Price

327.50 3.50 (1.08%)
21-Apr-2026 16:59 View Price Chart
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