Indian Hume Pipe stock rallies near 4% on securing Rs110 crore project

20 Jun 2022 , 10:32 AM

Indian Hume Pipe Company Ltd has informed that the Company has secured work order of Rs110 crore from Public Health Engineering Department (PHED), Ajmer, Rajasthan.

According to the filing, the project is 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.

Further, the project is to be completed within 15 months. The Agreement will be signed in due course, the company said.

At around 10:33 AM, Indian Hume Pipe Company was trading at Rs146.40 per share up by Rs5.3 or 3.76% from its previous closing of Rs141.10 per share on the BSE.