Indian Hume Pipes receives LoA from Karnataka Govt for water supply project worth Rs199cr

The project is expected to be completed within 24 months.

Jan 14, 2021 10:01 IST India Infoline News Service

Indian Hume Pipe received a Letter of Acceptance (LoA) on Thursday for the work of Rs198.80cr from Minor Irrigation and Ground Water Development Division, Kalaburgi, Karnataka Government.  

The work involves Filling of tanks in Kalaburgi (south) Taluka of Kalaburgi district by lifting Water from Bennethora Reservoir for groundwater development & drinking water purpose on turnkey basis including operation and maintenance for 5 years.

The project is expected to be completed within 24 months. Also, the company has stated that the agreement will be signed in due course.

On Sensex, Indian Hume Pipes finished at Rs208.10 per piece flat compared to the previous closing. 

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