Indian Hume Pipe Wins Rs 459 Crore Order

Indian Hume Pipe Company Secures ₹458.69 Crore Order

April 30 marked a significant day for Indian Hume Pipe Company as it secured a new order worth ₹458.69 crore (excluding GST) from the Public Health & Municipal Engineering Department, Hyderabad, Telangana. The contract was awarded for the execution of a Water Supply Improvement Scheme in the Greater Warangal Municipal Corporation under UIDF funding.

The project is expected to be completed within 24 months, indicating a significant undertaking for the company. This development comes on the heels of another substantial order secured by the company recently. Indian Hume Pipe Company received a Letter of Intent worth ₹417.97 crore (excluding GST) from the Jihe Kathapur Lift Irrigation Division of the Maharashtra Krishna Valley Development Corporation (MKVDC), Satara, for irrigation infrastructure work under the Guruvarya Late Laxmanraoji Inamdar Lift Irrigation Scheme.

Market Performance

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In the previous trading session, the stock closed at ₹321.55, up ₹3.15 or 0.99%. The company has touched a 52-week high of ₹490.00 and a low of ₹280.00. Currently, the stock is trading 34.38% below its high and 14.84% above its low. With a market capitalisation of ₹1,693.98 crore, Indian Hume Pipe Company's stock is likely to remain in focus for investors and analysts.

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