Indian Hume Pipe Company soars on bagging work order of Rs 110 crore

Indian Hume Pipe Company is currently trading at Rs. 145.30, up by 4.20 points or 2.98% from its previous closing of Rs. 141.10 on the BSE.

Indian Hume Pipe
Indian Hume Pipe

The scrip opened at Rs. 144.90 and has touched a high and low of Rs. 147.45 and Rs. 142.55 respectively. So far 2601 shares were traded on the counter.

The BSE group ‘B’ 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. 140.00 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 158.85 and Rs. 140.00 respectively. The current market cap of the company is Rs. 683.59 crore.

The promoters holding in the company stood at 69.92%, while Institutions and Non-Institutions held 2.35% and 27.73% respectively.

Indian Hume Pipe Company has bagged work order of Rs 110 crore from Public Health Engineering Department (PHED), Ajmer, Rajasthan, for Cluster Water Supply Project Package-VII of Chambal Bhilwara Water Supply Project Phase II of Jahajpur-Kotri Tehsils of District Bhilwara under Jal Jeevan Mission (JJM) with Operation and maintenance for 10 years.

The project is to be completed within 15 months. The agreement will be signed in due course.

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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