Indian Hume Pipe zooms as its JV bags work order from Government of Telangana
Indian Hume Pipe Company is currently trading at Rs. 274.95, up by 38.30 points or 16.18% from its previous closing of Rs. 236.65 on the BSE.
The scrip opened at Rs. 242.55 and has touched a high and low of Rs. 279.00 and Rs. 241.10 respectively. So far 69978 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 325.00 on 26-Feb-2024 and a 52 week low of Rs. 115.55 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 281.95 and Rs. 234.10 respectively. The current market cap of the company is Rs. 1397.12 crore.
The promoters holding in the company stood at 72.34%, while Institutions and Non-Institutions held 2.89% and 24.77% respectively.
Indian Hume Pipe Company's (IHP) Joint Venture (JV) has been awarded the work order relating to ‘Water Supply Projects & Sewerage Projects under AMRUT 2.0’ by Government of Telangana. The value of the work order awarded is Rs 1137.77 crore (excluding GST) and the share of works to be executed by IHP is 20% i.e. Rs 227.55 crore (excluding GST). The JV has been formed between AMR India (AMRIL), Shoda Constructions (SCPL) and Indian Hume Pipe Company.
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.
