The Indian Hume Pipe Company Limited receives LoA for Rs. 156.27 crores order

The Indian Hume Pipe Company Limited has received Letter of Acceptance for a project of contract value of Rs.156.27 crores (excluding GST) from Maharashtra Krishna Valley Development Corporation for construction of Piped Distribution Network (PDN) for Palashi Branch Canal, Vadjal Branch Canal, on Man Canal of Urmodi Irrigation Project for creation of 11280 Ha Irrigation Potential with 5 years operation and maintenance.

The project is to be completed within 18 months.

The Agreement will be signed in due course.

Shares of Indian Hume Pipe Company Limited was last trading in BSE at Rs. 201.95 as compared to the previous close of Rs. 194.95. The total number of shares traded during the day was 14780 in over 708 trades.

The stock hit an intraday high of Rs. 205.15 and intraday low of 192.00. The net turnover during the day was Rs. 2958612.00.

Source : Equity Bulls

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