Indian Hume Pipe Company Ltd has received Letter of Acceptance for the work of Rs.221.72 crores from Madhya Pradesh Jal Nigam Maryadit (A Govt. of Madhya Pradesh Undertaking) for Engineering, procurement, construction, testing, commissioning, trial run and operation & maintenance of various components of Indwar-1 Multi Village Rural Water Supply Scheme Distt. Umaria and Katni for ultimate capacity of bringing 29.10 mld treated water (23 hours of pumping) from the backwater of Bansagar Dam on river Sone to 118 villages of Manpur Block of Umaria and Vijayraghavgarh and Barhi Blocks of Katni District in Single Package on 'Turn-key job basis' including trial run & maintenance of the entire scheme for 10 years.
The project is to be completed within 24 months.
The Agreement will be signed in due course.
Shares of INDIAN HUME PIPE CO.LTD. was last trading in BSE at Rs.271.8 as compared to the previous close of Rs. 275.7. The total number of shares traded during the day was 816 in over 50 trades.
The stock hit an intraday high of Rs. 275.5 and intraday low of 270.15. The net turnover during the day was Rs. 222037.