Indian Hume Pipe secures order worth Rs 163.50 crore
DSIJ Intelligence / 29 Jul 2017
The order was received for the work of augmentation of water supply scheme of Raipur under the AMRUT Mission on a turnkey basis, including operation and maintenance for five years.
Indian Hume Pipe Company informed on Friday that the company has secured a work order of Rs 163.50 crore from Raipur Municipal Corporation, Chhattisgarh.
The order was received for the work of augmentation of water supply scheme of Raipur under the AMRUT Mission on a turnkey basis, including operation and maintenance for five years. The work is expected to be completed within 30 months.
The company’s P/E stood at 26.15 while its market cap stood at Rs 2,583.69 crore.
On YTD basis, the company has generated a positive return of 41.31%. The company progressed by over 30% on three months’ performance basis while on one year it soared by 135 %.
In Friday’s trading session it ended higher by 2.61% at Rs 548 per share.
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