The Indian Hume Pipe Company Ltd's JVs receives orders

The Indian Hume Pipe Company Limited through its Joint Ventures have received following Letter of Intent /work orders:

(1) The Company's share of Rs. 343 Crores in the joint venture work {Prathmesh Construction & IHP(JV)} {out of the total work order for an amount of Rs. 1,716.70 Crores (Excluding GST, Royalty, Insurance, Crop Compensation)} from the Lift Irrigation Construction Division, Jalgaon, Tapi Irrigation Development Corporation, (TIDC), Jalgaon, Maharashtra for the work of "Construction of Bhagpur Lift Irrigation Scheme Stage 2 & Gravity Pipe Distribution Network. (PDN) with 48 months period for construction & Operation and maintenance for 5 years. Bhagpur Lift Irrigation Scheme Stage 2, Dist. Jalgaon, Maharashtra; and

(2) The Company's share of Rs. 118 Crores in the joint venture work {S.V. Jadhav Cont. P. Ltd. & IHP Ltd. & Yogiraj Power Ltd. Pruthviraj Desai (JV)} {out of the total Letter of Intent for an amount of Rs.536.59 Crores (including royalty insurance and excluding GST)} from Jihe Kathapur Lift Irrigation Division, Maharashtra Krishna Valley Development Corporation (MKVDC), Satara, Maharashtra for the work of "Construction of Ner Lift Irrigation scheme,3 & 4, Maharashtra with 48 months period for construction & Operation and maintenance for 5 year.

Shares of Indian Hume Pipe Company Limited was last trading in BSE at Rs. 327.05 as compared to the previous close of Rs. 321.55. The total number of shares traded during the day was 167736 in over 5025 trades.

The stock hit an intraday high of Rs. 350.25 and intraday low of 324.00. The net turnover during the day was Rs. 56933976.00.

Source : Equity Bulls

Keywords

IndianHumePipeCompany INE323C01030 LoI JV OrdersWin