Indian Hume Pipe soars on bagging two work orders worth Rs 1230.77 crore

28 Sep 2015 Evaluate

Indian Hume Pipe Company is currently trading at Rs. 391.50, up by 48.60 points or 14.17% from its previous closing of Rs. 342.90 on the BSE.

The scrip opened at Rs. 370.00 and has touched a high and low of Rs. 402.40 and Rs. 370.00 respectively. So far 17,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 437.00 on 29-Jul-2015 and a 52 week low of Rs. 245.00 on 27-Mar-2015.

Last one week high and low of the scrip stood at Rs. 402.40 and Rs. 325.00 respectively. The current market cap of the company is Rs. 943.00 crore.

The promoters holding in the company stood at 69.92% while Institutions and Non-Institutions held 2.43% and 27.65% respectively.

Indian Hume Pipe Company has secured two work orders aggregating to Rs 1230.77 crore for Telangana Water Grid project in respect of Telangana Drinking Water Supply Projects (TDWSP) of Mahabubnagar and Nizamabad districts from Rural Water Supply and Sanitation Department, Government of Telangana.

These work order include, contract worth Rs 415.47 crore is for providing Drinking Water to habitations in Gadwal and Alampur Constituencies from Jurala Project, Mahabubnagar District, under Segment-II including operation and maintenance for 10 years. The project is to be completed within 18 months from the date of commencement.

The company bagged another order worth Rs 815.30 crore for providing Drinking Water to Balkonda, Armoor, Nizamabad, Kamareddy and part of Yellareddy Constituencies from SRSP Reservoir, Nizamabad District including Operation and maintenance for 10 years. The project is to be completed within 24 months from the date of commencement.

The company is engaged in the business of providing integrated Water Supply schemes including manufacturing, laying and jointing of pipelines of various pipe materials which provide infrastructure facility for development of Water supply and irrigation projects.


India Hume Pipe Share Price

399.45 0.20 (0.05%)
22-Nov-2024 16:59 View Price Chart
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