Indian Hume Pipe Company shines on receiving Letter of Award worth Rs 639.16 crore

Indian Hume Pipe Company is currently trading at Rs. 287.70, up by 15.90 points or 5.85% from its previous closing of Rs. 271.80 on the BSE.

The scrip opened at Rs. 270.05 and has touched a high and low of Rs. 296.50 and Rs. 270.05 respectively. So far 46268 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 303.45 on 08-Aug-2023 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. 296.50 and Rs. 264.50 respectively. The current market cap of the company is Rs. 1509.33 crore.

The promoters holding in the company stood at 72.34%, while Institutions and Non-Institutions held 0.94% and 26.72% respectively.

Indian Hume Pipe Company has received Letter of Award of the value of Rs 639.16 crore (excluding GST) from Rural Water Supply & Sanitation, Odisha for Execution of Rural Piped Water Supply Project pertaining to six blocks of Puri District, Odisha including 5 years Operation and Maintenance on EPC contract. The project is to be completed within 2 years.

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.

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