Indian Hume Pipe Company Ltd receives LoA for work of Rs. 204.51 crores

Indian Hume Pipe Company Ltd has received Letter of Acceptance for the work of Rs.204.51 Crores from Public Health & Municipal Engineering Department, Government of Andhra Pradesh for the work of Kurnool District (NCT) - Package II - External Aided Project (EAP) - Assistance from Asian Infrastructure Investment Bank (AIIB) - Andhra Pradesh Urban Water Supply and Septage Management Improvement Project (APUWSSMIP) for providing water supply distribution network, house service connections, AMR meters and SCADA including operation & maintenance for 7 years including defect liability for 2 years in Municipal Towns of Yemmiganur, Atmakuru, Allagadda, Gudur & Nandikotkur in Kurnool District.

The project is to be completed within 24 months.

Shares of INDIAN HUME PIPE CO.LTD. was last trading in BSE at Rs.287 as compared to the previous close of Rs. 295.35. The total number of shares traded during the day was 3519 in over 156 trades.

The stock hit an intraday high of Rs. 295.75 and intraday low of 282.45. The net turnover during the day was Rs. 1010662.

Source : Equity Bulls

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