INDIANHUME

Indian Hume Pipe Company Limited in focus after ₹458.69 crore order win Shares of Indian Hume Pipe Company Limited are likely to remain in focus after the company secured a ₹458.69 crore (excluding GST) contract from the Public Health & Municipal Engineering Department, Hyderabad. The project involves a water supply improvement scheme in Greater Warangal under UIDF funding. Recently, the company also received a ₹417.97 crore Letter of Intent from Maharashtra Krishna Valley Development Corporation for an irrigation project, strengthening its order pipeline. The stock closed at ₹321.55 in the previous session, up 0.99%. It remains 34% below its 52-week high of ₹490 but about 15% above its low of ₹280. The company’s market cap stands at ₹1,693.98 crore.