Indian Hume Pipe Co., opens in green on securing orders
DSIJ Intelligence / 15 Nov 2016
Indian Hume Pipe Co., has secured an order worth Rs 115.51 crore from Korba Municipal Corporation, Chhattisgarh. The company will work for Korba Water Supply Scheme, Korba Town and towards providing & commissioning of distribution network and all allied civil works.
Indian Hume Pipe Co., has secured an order worth Rs 115.51 crore from Korba Municipal Corporation, Chhattisgarh. The company will work for Korba Water Supply Scheme, Korba Town and towards providing & commissioning of distribution network and all allied civil works. The work is to be completed within 24 months.
Indian Hume Pipe Co., also has been awarded orders of Rs 103.95 crore from Bhilai Municipal Corporation, Bhilai, Chhattisgarh. The company will work for Bhilai Water Supply Scheme, Bhilai. Its order will be executed within 24 months.
On the financial front, Indian Hume Pipe Co.'s top line has increased by 96.11 per cent to Rs 451 crore in Q2FY17 as compared to same period in previous financial year. The company's EBITDA has risen by more than double to Rs 48 crore in Q2FY17 on a yearly basis. Its bottom line has boosted by more than three folds to Rs 21.76 crore in Q2FY17 as compared to same period in previous fiscal.
The share price of Indian Hume Pipe Co., has increased by 1.7 per cent on bourses in early trades; and is trading at Rs 750 on an intraday basis.
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