Indian Hume Pipe soars on getting LoA of Rs 156.27 crore
Indian Hume Pipe is currently trading at Rs. 200.05, up by 5.10 points or 2.62% from its previous closing of Rs. 194.95 on the BSE.
The scrip opened at Rs. 193.35 and has touched a high and low of Rs. 205.15 and Rs. 192.00 respectively. So far 6790 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 252.70 on 03-Aug-2021 and a 52 week low of Rs. 153.00 on 03-Nov-2020.
Last one week high and low of the scrip stood at Rs. 206.00 and Rs. 192.00 respectively. The current market cap of the company is Rs. 941.81 crore.
The promoters holding in the company stood at 69.92%, while Institutions and Non-Institutions held 2.36% and 27.72% respectively.
Indian Hume Pipe Company has received Letter of Acceptance (LoA) for a project of contract value of Rs 156.27 crore (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.
Indian Hume Pipe Company is engaged in the construction and maintenance of projects relating to water supply, irrigation, sanitation and sewerage systems, and pipe manufacturing.
