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Indian Hume Pipe zooms on securing order worth Rs 133.08 crore

Indian Hume Pipe Company is currently trading at Rs. 259.35, up by 11.70 points or 4.72% from its previous closing of Rs. 247.65 on the BSE.

The scrip opened at Rs. 257.60 and has touched a high and low of Rs. 264.50 and Rs. 257.60 respectively.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 370.00 on 10-Jan-2019 and a 52 week low of Rs. 220.25 on 03-Oct-2018.

Last one week high and low of the scrip stood at Rs. 264.50 and Rs. 240.50 respectively. The current market cap of the company is Rs. 1199.79 crore.

The promoters holding in the company stood at 69.92%, while Institutions and Non-Institutions held 4.14% and 25.94% respectively.

Indian Hume Pipe Company has received Letter of Intent for the work of Rs 133.08 crore (excluding GST) for Gowardhan Project, Maharashtra from Vidarbha Irrigation Development Corporation, Nagpur. The project is to be completed within 18 months.

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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